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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

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.