Cloudmoney: Cash, Cards, Crypto and the War for our Wallets
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. Cloudmoney takes us to the frontlines of a war for our wallets that is also about our freedom. From marketing strategies against cash, to the weaponization of Covid-19 to advance fintech platforms, and the cryptocurrency rebels and fringe groups pushing back, it asks the most pressing questions: Who benefits from a cashless society and who gets left behind? Is the end of cash the end of true privacy? And is our cloudmoney future closer than we think?
- Publisher: Vintage Publishing
- ISBN: 9781847925879
- Number of pages: 304
- Weight: 508g
- Dimensions: 242 x 166 x 31 mm