The Cashless Revolution

Author : Martin Chorzempa
Publisher : PublicAffairs
Page : 258 pages
File Size : 52,7 Mb
Release : 2022-10-04
Category : Business & Economics
ISBN : 9781541700727

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The Cashless Revolution by Martin Chorzempa Pdf

Financial Times, Best Books of 2022: Economics The startling picture of how China’s revolution in finance and technology is changing both Wall Street and the way individuals manage their personal finances. The future of finance – the way Wall Street operates and how individuals manage their money - is on the verge of upheaval. And the force underlying the change comes from China, where finance and technology are being merged into a system with consequences that resonate far beyond China’s border. The changes of this global revolution in finance and technology - fintech - will be as powerful as those wrought in social media, retailing and advertising by giants such as Amazon, Facebook, Google, and Twitter, which have overturned how we shop and communicate. China reinvented money with lightning speed, transforming a backward, antiquated cash-based finance system into one centered on super-apps created by technology giants Alibaba and Tencent. More powerful than anything available outside of China, they allow their billion users to pay, borrow, invest, buy goods and services, travel, chat (and far more) all fused together in one mobile phone application. Think Facebook, Google, Twitter, Goldman Sachs, Amazon, J.P. Morgan Chase all rolled into one app. We in the West need to understand China’s cashless revolution for reasons ranging from the macroeconomic to issues of personal liberty: The cutting edge of finance is now in China, forcing major financial firms in the United States and the West to figure out how not to be left behind.. China’s cashless revolution is also a harbinger of our future if we let the genie out of the bottle and allow big tech to become big finance. As money goes digital and central banks around the world consider launching digital currencies, we may have both immense convenience and a frightening concentration of power that could violate our privacy, stifle competition, increase financial risk, and give big firms or the government more control over our financial lives. And, once this genie is out of the bottle, the struggle to put it back in may be impossible.

Author : Richard Turrin
Publisher : Unknown
Page : 402 pages
File Size : 53,9 Mb
Release : 2021-04-16
Category : Electronic
ISBN : 1949642720

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Cashless by Richard Turrin Pdf

Cashless dives into the design and use of China's new central bank digital currency.

Author : Richard Turrin
Publisher : Unknown
Page : 402 pages
File Size : 40,8 Mb
Release : 2021-04-16
Category : Electronic
ISBN : 1949642720

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Cashless by Richard Turrin Pdf

Cashless dives into the design and use of China's new central bank digital currency.

Author : David Gorman
Publisher : Unknown
Page : 69 pages
File Size : 42,5 Mb
Release : 2007
Category : Electronic
ISBN : 1934248185

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Cashless Money by David Gorman Pdf

Cashless Money describes the necessity of replacing paper cash with electronic funds transfers. The book discusses: why the $100 and $50 bills must be eliminated, how banks must reinvent the credit card, why banks must embrace the cashless revolution, and more! Eliminating paper currency will reduce corruption, crime, counterfeiting, drugs, human trafficking, illegal immigration, income taxes, and terrorism, to name a few. Read Cashless Money and discover why this revolution is necessary!

Author : David Wolman
Publisher : Da Capo Press
Page : 240 pages
File Size : 51,7 Mb
Release : 2013-08-13
Category : Business & Economics
ISBN : 9780306822698

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The End of Money by David Wolman Pdf

For ages, money has meant little metal disks and rectangular slips of paper. Yet the usefulness of physical money -- to say nothing of its value -- is coming under fire as never before. Intrigued by the distinct possibility that cash will soon disappear, author and Wired contributing editor David Wolman sets out to investigate the future of money...and how it will affect your wallet. Wolman begins his journey by deciding to shun cash for an entire year -- a surprisingly successful experiment (with a couple of notable exceptions). He then ventures forth to find people and technologies that illuminate the road ahead. In Honolulu, he drinks Mai Tais with Bernard von NotHaus, a convicted counterfeiter and alternative-currency evangelist whom government prosecutors have labeled a domestic terrorist. In Tokyo, he sneaks a peek at the latest anti-counterfeiting wizardry, while puzzling over the fact that banknote forgers depend on society's addiction to cash. In a downtrodden Oregon town, he mingles with obsessive coin collectors -- the people who are supposed to love cash the most, yet don't. And in rural Georgia, he examines why some people feel the end of cash is Armageddon's warm-up act. After stops at the Digital Money Forum in London and Iceland's central bank, Wolman flies to Delhi, where he sees first-hand how cash penalizes the poor more than anyone--and how mobile technologies promise to change that. Told with verve and wit, The End of Money explores an aspect of our daily lives so fundamental that we rarely stop to think about it. You'll never look at a dollar bill the same again.

Author : Eswar S. Prasad
Publisher : Harvard University Press
Page : 497 pages
File Size : 47,6 Mb
Release : 2021-09-28
Category : Business & Economics
ISBN : 9780674258440

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The Future of Money by Eswar S. Prasad Pdf

A cutting-edge look at how accelerating financial change, from the end of cash to the rise of cryptocurrencies, will transform economies for better and worse. We think weÕve seen financial innovation. We bank from laptops and buy coffee with the wave of a phone. But these are minor miracles compared with the dizzying experiments now underway around the globe, as businesses and governments alike embrace the possibilities of new financial technologies. As Eswar Prasad explains, the world of finance is at the threshold of major disruption that will affect corporations, bankers, states, and indeed all of us. The transformation of money will fundamentally rewrite how ordinary people live. Above all, Prasad foresees the end of physical cash. The driving force wonÕt be phones or credit cards but rather central banks, spurred by the emergence of cryptocurrencies to develop their own, more stable digital currencies. Meanwhile, cryptocurrencies themselves will evolve unpredictably as global corporations like Facebook and Amazon join the game. The changes will be accompanied by snowballing innovations that are reshaping finance and have already begun to revolutionize how we invest, trade, insure, and manage risk. Prasad shows how these and other changes will redefine the very concept of money, unbundling its traditional functions as a unit of account, medium of exchange, and store of value. The promise lies in greater efficiency and flexibility, increased sensitivity to the needs of diverse consumers, and improved market access for the unbanked. The risk is instability, lack of accountability, and erosion of privacy. A lucid, visionary work, The Future of Money shows how to maximize the best and guard against the worst of what is to come.

Author : Everest Media,
Publisher : Everest Media LLC
Page : 32 pages
File Size : 45,5 Mb
Release : 2022-10-22T22:59:00Z
Category : History
ISBN : 9798350034462

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Summary of Martin Chorzempa's The Cashless Revolution by Everest Media, Pdf

Please note: This is a companion version & not the original book. Sample Book Insights: #1 In the early 1990s, when I was working in Beijing, I saw how the internet was the future of finance. A billion Chinese people now have an abundant choice of investments, loans, payments, and a host of conveniences, some of which surpass what is available in the United States. #2 Chinese tech companies Tencent and Alibaba were able to overcome the payment issue by building their own systems, which they then integrated into their platforms to offer a full range of services. #3 China’s fintech industry was a product of political support, which allowed tech companies to break through the moat surrounding state-owned banks and disrupt them. #4 Chinese tech companies Tencent and Alibaba were able to overcome the payment issue by building their own systems, which they then integrated into their platforms to offer a full range of services.

Author : Robert A. Hendrickson
Publisher : Unknown
Page : 264 pages
File Size : 45,9 Mb
Release : 1972
Category : Credit
ISBN : STANFORD:36105035261770

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The Cashless Society by Robert A. Hendrickson Pdf

Author : Bernardo Batiz-Lazo,Leonidas Efthymiou
Publisher : Springer
Page : 432 pages
File Size : 55,8 Mb
Release : 2016-12-04
Category : Business & Economics
ISBN : 9781137602312

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The Book of Payments by Bernardo Batiz-Lazo,Leonidas Efthymiou Pdf

This book examines the nature of retail financial transaction infrastructures. Contributions assume a long-term outlook in their exploration of the key financial processes and systems that support a global transition to a cashless economy. The volume offers both modern and historic accounts that demonstrate the constantly changing role of payment instruments. It brings together different theoretical approaches to the study, re-examining and forecasting changes in retail payment systems. Chapters explore a global transition to a cashless society and contemplate future alternatives to cash, cheques and plastic, featuring the perspectives of academics from different disciplines in conversation and industry participants from six continents. Readers are invited to discover the innovation in payment systems and how it co-evolves with changes in society and organisations through personal, corporate and governmental processes.

Author : Winter Nie,Mark J. Greeven,Yunfei Feng,James Wang
Publisher : Routledge
Page : 189 pages
File Size : 52,9 Mb
Release : 2021-09-26
Category : Business & Economics
ISBN : 9781000435757

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The Future of Global Retail by Winter Nie,Mark J. Greeven,Yunfei Feng,James Wang Pdf

China’s new retail revolution will completely transform how the world thinks about retail and digital innovation. But is the world ready yet? In this book, the authors share an insider’s perspective on what is happening in China to reveal the future for global retail, and a clear framework to help you prepare. The book presents a number of real-world cases, based on interviews and first-hand consumer experience, to decode China’s retail revolution so that you can understand what is happening and why, and what it means for the rest of the world. Crucially, the book identifies five critical stages in the development of new retail that global retail executives need to grasp now: lifestyle commerce, Online-Merge-Offline retail, social retail, livestream retail and invisible retail. To help the industry get ready for this new, China-inspired paradigm in retail, the authors present a practical and simple framework – a ten-year strategic roadmap for global retail executives, which we call the “Beyond” the Value Chain Model. China’s new retail is not just about fashion, cosmetics, snacks, data-driven convenient stores and commercial live streaming. At a time when the world of retail is being upended, it offers inspirational lessons in innovation, purpose and agility for global executives across the entire retail spectrum.

Author : Asli Demirguc-Kunt,Leora Klapper,Dorothe Singer,Saniya Ansar
Publisher : World Bank Publications
Page : 148 pages
File Size : 50,9 Mb
Release : 2018-04-19
Category : Business & Economics
ISBN : 9781464812682

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The Global Findex Database 2017 by Asli Demirguc-Kunt,Leora Klapper,Dorothe Singer,Saniya Ansar Pdf

In 2011 the World Bank—with funding from the Bill and Melinda Gates Foundation—launched the Global Findex database, the world's most comprehensive data set on how adults save, borrow, make payments, and manage risk. Drawing on survey data collected in collaboration with Gallup, Inc., the Global Findex database covers more than 140 economies around the world. The initial survey round was followed by a second one in 2014 and by a third in 2017. Compiled using nationally representative surveys of more than 150,000 adults age 15 and above in over 140 economies, The Global Findex Database 2017: Measuring Financial Inclusion and the Fintech Revolution includes updated indicators on access to and use of formal and informal financial services. It has additional data on the use of financial technology (or fintech), including the use of mobile phones and the Internet to conduct financial transactions. The data reveal opportunities to expand access to financial services among people who do not have an account—the unbanked—as well as to promote greater use of digital financial services among those who do have an account. The Global Findex database has become a mainstay of global efforts to promote financial inclusion. In addition to being widely cited by scholars and development practitioners, Global Findex data are used to track progress toward the World Bank goal of Universal Financial Access by 2020 and the United Nations Sustainable Development Goals. The database, the full text of the report, and the underlying country-level data for all figures—along with the questionnaire, the survey methodology, and other relevant materials—are available at www.worldbank.org/globalfindex.

Author : Douglas R. Andrew
Publisher : Business Plus
Page : 240 pages
File Size : 52,7 Mb
Release : 2008-06-03
Category : Business & Economics
ISBN : 9780446539623

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Missed Fortune 101 by Douglas R. Andrew Pdf

Isn't it time YOU became wealthy? Bestselling author and expert financial planner presents an extraordinary collection of must-have financial advice. True or False? Always prepay your mortgage. The right 401(k) or IRA will completely cover your retirement. Defer your taxes and postpone the pain. True wealth doesn't last forever. They're All False! Missed Fortune 101 ...is like no other money guide you've ever read. Its author, successful financial strategist Douglas R. Andrew, dares to question the conventional wisdom on personal finance that most people accept. He reveals the ways banks, credit unions, and insurance companies amass tremendous wealth-what they do, and what they don't do. He shows you how to seize financial opportunities you never knew existed. With Missed Fortune 101 as your guide, you'll never view your house, your mortgage, your retirement plans, your investments, and your other assets the same way again. Put the lazy, idle dollars trapped in your home to work safely-and reap as much as an extra million. Discover hidden and perfectly legal tax breaks-and treat yourself to some surprising windfalls. Play the bankers' favorite game-borrow at one rate and invest at a higher one. Explore lesser-known retirement vehicles-and avoid falling into a higher tax bracket when you stop working. Turn your life insurance policy into an investment-and keep your taxes down and your capital up. Find out which low-return instruments should be in your portfolio today-and why they'll become high-return stars tomorrow. Reach your "freedom point"-your financial independence-long before "retirement age"! Learn the real rules of smart investing. Maximize your wealth with Missed Fortune 101.

Author : Tai Wei Lim
Publisher : Springer
Page : 197 pages
File Size : 47,5 Mb
Release : 2019-04-10
Category : Social Science
ISBN : 9789811374708

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Industrial Revolution 4.0, Tech Giants, and Digitized Societies by Tai Wei Lim Pdf

Industry 4.0 explores the emergence of disruptive digital technologies such as robotics, blockchain, nanotechnology and 3D printing and their impact on human lives and jobs in globalized 21st century societies. Incorporating a cutting edge area studies perspective, it considers the challenges and long term implications of the rise of ‘Tech Giants’ such as Alibaba, Google and Baidu through the lens of past industrial revolutions, looking back at the transformative technologies and industrial developments - the steam engine, electrification, telegraph, mass production, and the rise of digital technology - upon which the modern world was built. It investigates the mirror profiles of the world’s largest tech companies in the US and China (Baidu and Google, Alibaba and Amazon, Wechat and Facebook) and provides a unique comparison of Tech Giants with 19th century colonial empires and monopolistic trading companies in terms of political-economic dominance. A key tool for instructors and students focused on courses on Technological History, Digital Technology and Cultures, New Media, Digital Ethics and China studies, this book provides practical guidance on how readers can equip themselves to face key workplace and societal challenges in a virtually interconnected world shaped by Tech Giant monopoly.

Author : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Financial Institutions
Publisher : Unknown
Page : 0 pages
File Size : 54,5 Mb
Release : 1977
Category : Electronic funds transfers
ISBN : OCLC:880114899

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Electronic Funds Transfer Systems by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Financial Institutions Pdf

Author : Luigi Wewege,Michael C. Thomsett
Publisher : Walter de Gruyter GmbH & Co KG
Page : 138 pages
File Size : 53,6 Mb
Release : 2019-12-02
Category : Business & Economics
ISBN : 9781547401611

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The Digital Banking Revolution by Luigi Wewege,Michael C. Thomsett Pdf

Emergent innovative financial technologies are profoundly changing the way in which we spend, move and manage our money, unlike ever before, and traditional retail banks are facing stiff competition. The global financial crisis in 2007–2009 led to large losses, and even the collapse of a significant number of established banks shaking the trust of financial customers worldwide. The Digital Banking Revolution is an insightful look at how financial technology and the rapid rise of financial technology companies have brought welcome changes offering flexibility to the banking industry. The book offers a unique perspective on the consumerization of retail banking services. It delves into the many changes that financial innovations have brought about in banking, the main financial disruptors, the new era of "banking on the go," and financial innovations from countries around the world before concluding with a discussion on the future of banking including optimizing structures, new strategies for business outcomes, and human resources in the digital era.