Privacy and Access Council of Canada
The voice for privacy and access
Cloudmoney: Cash, Cards, Crypto and the War for our Wallets
Author: Brett Scott Category: Artificial Intelligence, Privacy, Surveillance, Technology Publisher: HarperCollins Published: 2022 ISBN: 9780062936318 Pages: 304
Description:
The move away from physical cash towards digital payments system is often presented as organic – as a ‘bottom up’ change, driven by the decisions of ordinary people.
But this is only half the story.
A closer look at this transition reveals a huge amount of evidence pointing to a ‘top down’ push against cash from governments, large financial institutions, payments providers and tech companies.
Cash stands in the way of big finance and big tech, and that’s why it’s being sidelined.
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