The Innovations of Money

“For the importance of money essentially flows from its

being a link between the present and the future.”

— John Maynard Keynes, British economist

Cash has long been considered the most dependable way to receive payment. But over the last sixty years the number of cashless transactions has been rapidly increasing due to the innovative developments of credit cards and digital payment systems. Around the world, emerging monetary technologies are increasingly allowing individuals to make payments via their phones, tablets, and computers. By changing how people make payments, these new technologies are also affecting how people interact with each other and conduct commerce, both locally and globally.