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The move from paper to plastic money and its consequences. - Episode 3
On this episode, RK goes through the transition of paper money to electronic or plastic money and all its consequences for money as we know it today.
We mainly discuss how paper money (or cash) makes now only 10% of the money in circulation
How this new electronic money enslaves people’s privacy and how companies profit by selling your data to marketing platforms
How the electronic banking network works (SWIFT or SEPA) (very basic)
How payments have evolved to a totally banking network dependent system
How “nano banks” are trying to “disrupt” banking
We always appreciate feedback, so feel free to send us an email to [email protected]
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By Ruzbeh K.
5
33 ratings
On this episode, RK goes through the transition of paper money to electronic or plastic money and all its consequences for money as we know it today.
We mainly discuss how paper money (or cash) makes now only 10% of the money in circulation
How this new electronic money enslaves people’s privacy and how companies profit by selling your data to marketing platforms
How the electronic banking network works (SWIFT or SEPA) (very basic)
How payments have evolved to a totally banking network dependent system
How “nano banks” are trying to “disrupt” banking
We always appreciate feedback, so feel free to send us an email to [email protected]