The future of money, heading towards a world without banknotes and coins?
CONTRIBUTION from João Valente Martins, Compliance and Risk Manager at Heed Capital.
For centuries, we’ve associated money with coins and paper bills. That reality is changing. Around the world, governments and central banks have been taking steps to reduce the circulation of cash, though, as we’ll see, the process isn’t as straightforward as it seems.
João Valente Martins, Head of Compliance and Risk at Heed Capital, writes an opinion article in FundsPeople Portugal, entitled "The Future of Money, Towards a World Without Banknotes and Coins?", in which he analyzes the declining role of physical money in the face of payment digitization and the issues that this transition raises regarding freedom, privacy, and financial inclusion.
📰 A pertinent reflection for those who follow regulatory and technological developments in the financial sector.
Read the full article here.
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