Are We Heading Towards A Cash-Free World?

This is not about change for the sake of change. It’s a necessary and fundamental shift in the way we think about and use money

Team Luno
Team Luno
Sep 19, 2018 · 13 min read
Photo by Toa Heftiba on Unsplash

How often do you use cash? If you’re like most of us at Luno, there’s a good chance the answer is: only when you have to.

Think about the way you might use money on an average day

Photo by Clique Images on Unsplash

The remarkable is the new normal

But what is money, really?

By Eric Guinther via Wikimedia Commons

The cost of cash

Making money

Cash: the perfect partner in crime

The challenges of a cash-free world

Habits

Trust

Privacy

Small businesses

The pain of paying

Banking the Unbanked

Interoperability

We began this post with a remarkable statement: money is information.

Stories like these are meaningful because they remind us that money is always evolving.

This is not about change for the sake of change. Nor is it about making it a little bit faster for someone in a wealthy country to pay for a latte. It’s a necessary and fundamental shift in the way we think about and use money.

Photo by Sharon McCutcheon on Unsplash

That shows us the nature of money is far more malleable than we imagine. If an unseen stone can pass information between parties, the question is: why do we need the physical one at all?

This story is published in The Startup, Medium’s largest entrepreneurship publication followed by + 370,107 people.

Subscribe to receive our top stories here.

The Startup

Get smarter at building your thing. Join The Startup’s +787K followers.

Sign up for Top 10 Stories

By The Startup

Get smarter at building your thing. Subscribe to receive The Startup's top 10 most read stories — delivered straight into your inbox, once a week. Take a look.

By signing up, you will create a Medium account if you don’t already have one. Review our Privacy Policy for more information about our privacy practices.

Check your inbox
Medium sent you an email at to complete your subscription.

The Startup

Get smarter at building your thing. Follow to join The Startup’s +8 million monthly readers & +787K followers.

Team Luno

Written by

Team Luno

We write about all things crypto. Our articles convey the views of Luno and the many unique opinions and characters within our team. Tweet us @LunoGlobal

The Startup

Get smarter at building your thing. Follow to join The Startup’s +8 million monthly readers & +787K followers.

Medium is an open platform where 170 million readers come to find insightful and dynamic thinking. Here, expert and undiscovered voices alike dive into the heart of any topic and bring new ideas to the surface. Learn more

Follow the writers, publications, and topics that matter to you, and you’ll see them on your homepage and in your inbox. Explore

If you have a story to tell, knowledge to share, or a perspective to offer — welcome home. It’s easy and free to post your thinking on any topic. Write on Medium

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store