Cloudmoney : cash, cards, crypto and the war for our wallets

Scott, Brett2022

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Summary

The reach of corporations into our lives via cards and apps has never been greater; many of us rarely use cash these days. But what we're told is natural and inevitable is actually the work of powerful interests. And the great battle of our time is for ownership of the digital footprints that make up our lives. Cloudmoney tells a revelatory story about how the fusion of big finance and tech requires physical cash to be replaced by digital money underpinned by the banking sector, or 'cloudmoney'. Diving beneath the surface of the global financial system, Brett Scott uncovers a long-established lobbying infrastructure waging a covert war on cash. He reveals the technical, political and cultural differences between our different forms of money, and shows how the cash system has been under attack for decades, as banking and tech companies promote a cashless society under the banner of progress.