Download or read book Digital Cash written by Finn Brunton and published by Princeton University Press. This book was released on 2020-10-13 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt: The fascinating untold story of digital cash and its creators—from experiments in the 1970s to the mania over Bitcoin and other cryptocurrencies Bitcoin may appear to be a revolutionary form of digital cash without precedent or prehistory. In fact, it is only the best-known recent experiment in a long line of similar efforts going back to the 1970s. But the story behind cryptocurrencies like Bitcoin and its blockchain technology has largely been untold—until now. In Digital Cash, Finn Brunton reveals how technological utopians and political radicals created experimental money to bring about their visions of the future: to protect privacy, bring down governments, prepare for apocalypse, or launch a civilization of innovation and abundance that would make its creators immortal. Filled with marvelous characters, stories, and ideas, Digital Cash is an engaging and accessible account of the strange origins and remarkable technologies behind today's cryptocurrency explosion.

Download or read book The Future of Money written by Eswar S. Prasad and published by Harvard University Press. This book was released on 2021-09-28 with total page 497 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Cash Use Across Countries and the Demand for Central Bank Digital Currency written by Mr.Tanai Khiaonarong and published by International Monetary Fund. This book was released on 2019-03-01 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: The level and trend in cash use in a country will influence the demand for central bank digital currency (CBDC). While access to digital currency will be more convenient than traveling to an ATM, it only makes CBDC like a bank debit card—not better. Demand for digital currency will thus be weak in countries where cash use is already very low, due to a preference for cash substitutes (cards, electronic money, mobile phone payments). Where cash use is very high, demand should be stronger, due to a lack of cash substitutes. As the demand for CBDC is tied to the current level of cash use, we estimate the level and trend in cash use for 11 countries using four different measures. A tentative forecast of cash use is also made. After showing that declining cash use is largely associated with demographic change, we tie the level of cash use to the likely demand for CBDC in different countries. In this process, we suggest that one measure of cash use is more useful than the others. If cash is important for monetary policy, payment instrument competition, or as an alternative payment instrument in the event of operational problems with privately supplied payment methods, the introduction of CBDC may best be introduced before cash substitutes become so ubiquitous that the viability of CBDC could be in doubt.

Download or read book The Rise of Digital Money written by Mr.Tobias Adrian and published by International Monetary Fund. This book was released on 2019-07-15 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper marks the launch of a new IMF series, Fintech Notes. Building on years of IMF staff work, it will explore pressing topics in the digital economy and be issued periodically. The series will carry work by IMF staff and will seek to provide insight into the intersection of technology and the global economy. The Rise of Digital Money analyses how technology companies are stepping up competition to large banks and credit card companies. Digital forms of money are increasingly in the wallets of consumers as well as in the minds of policymakers. Cash and bank deposits are battling with so-called e-money, electronically stored monetary value denominated in, and pegged to, a currency like the euro or the dollar. This paper identifies the benefits and risks and highlights regulatory issues that are likely to emerge with a broader adoption of stablecoins. The paper also highlights the risks associated with e-money: potential creation of new monopolies; threats to weaker currencies; concerns about consumer protection and financial stability; and the risk of fostering illegal activities, among others.

Download or read book Advances in Cryptology CRYPTO 88 written by Shafi Goldwasser and published by Springer. This book was released on 2008-10-20 with total page 591 pages. Available in PDF, EPUB and Kindle. Book excerpt: The papers in this volume were presented at the CRYPTO '88 conference on theory and applications of cryptography, held in Santa Barbara, California, August 21-25, 1988. The papers were chosen for their perceived originality and often represent preliminary reports on continuing research. The main sections deal with the following topics: Zero-Knowledge, Number Theory, Pseudorandomness, Signatures, Complexity, Protocols, Security, Cryptoanalysis. As such, they will give the committed reader a unique insight into the very latest developments in the field.

Download or read book Presenting Digital Cash written by Seth Godin and published by Sams. This book was released on 1995 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: Packed with case studies from leading Fortune 1000 organizations who are using digital cash as part of their day-to-day operation, this book explains the virtues of electronic commerce between organizations. It covers the history of what brought about the need for digital cash and how that change will fundamentally change the way individuals buy goods on the Internet.

Download or read book The Global Findex Database 2017 written by Asli Demirguc-Kunt and published by World Bank Publications. This book was released on 2018-04-19 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Falling Use of Cash and Demand for Retail Central Bank Digital Currency written by Mr. Tanai Khiaonarong and published by International Monetary Fund. This book was released on 2022-02-04 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cash use in most countries is falling slowly. On the margin, younger adults favor cash substitutes over cash. For older adults it is the reverse. Revealed preference tied to a changing population age structure seems to be the main influence on the demand for cash and why it is falling. Cash use may continue to fall, and card use (the main cash substitute) may fall by more, if CBDC is issued. The extent of this reduction depends on the demand for retail CBDC and the incentives (primarily transaction fees) that can play a determining role in CBDC adoption and use.

Download or read book Handbook of Blockchain Digital Finance and Inclusion Volume 1 written by David LEE Kuo Chuen and published by Academic Press. This book was released on 2017-08-03 with total page 482 pages. Available in PDF, EPUB and Kindle. Book excerpt: Handbook of Blockchain, Digital Finance, and Inclusion, Volume 1: Cryptocurrency, FinTech, InsurTech, and Regulation explores recent advances in digital banking and cryptocurrency, emphasizing mobile technology and evolving uses of cryptocurrencies as financial assets. Contributors go beyond summaries of standard models to describe new banking business models that will be sustainable and will likely dictate the future of finance. The volume not only emphasizes the financial opportunities made possible by digital banking, such as financial inclusion and impact investing, but it also looks at engineering theories and developments that encourage innovation. Its ability to illuminate present potential and future possibilities make it a unique contribution to the literature. Explores recent advances in digital banking and cryptocurrency, emphasizing mobile technology and evolving uses of cryptocurrencies as financial assets Explains the practical consequences of both technologies and economics to readers who want to learn about subjects related to their specialties Encompasses alternative finance, financial inclusion, impact investing, decentralized consensus ledger and applied cryptography Provides the only advanced methodical summary of these subjects available today

Download or read book Advances in Cryptology CRYPTO 91 written by Joan Feigenbaum and published by Springer. This book was released on 2003-06-30 with total page 494 pages. Available in PDF, EPUB and Kindle. Book excerpt: Crypto '91 was the eleventh in a series of workshops on cryptology sponsoredby the International Association for Cryptologic Research and was held in Santa Barbara, California, in August 1991. This volume contains a full paper or an extended abstract for each of the 39 talks presented at the workshop. All theoretical and practical aspects of cryptology are represented, including: protocol design and analysis, combinatorics and authentication, secret sharing and information theory, cryptanalysis, complexity theory, cryptographic schemas based on number theory, pseudorandomness, applications and implementations, viruses, public-key cryptosystems, and digital signatures.

Download or read book Digital Money written by Daniel C. Lynch and published by . This book was released on 1996-01-12 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: Until now, commerce on the Internet has been shackled by the lack of secure transactions. This book offers an executive briefing on this vital topic. Exploring the technical underpinnings of what can and will be done on the Net, it explains the processes, issues and strategic considerations of a variety of approaches to secure transactions, including digital signatures. You'll learn about the pros and cons of each approach so you can decide which is best for your business.

Download or read book Digital is the Cash written by Nathaniel Luz and published by . This book was released on 2020-02-06 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt: I've attempted to simplify the past, present and future of money in one easy read. The extent of my success will ultimately be decided by you, the reader.A blend of history, finance, and technology, and aim at getting more and more people to see the obvious, where the prevalent global financial system is headed and how they can prepare themselves.With governments trying unsuccessfully to salvage the global economic situations, rate of inflation skyrocketing in Latin America and Africa, people trying to save their money in a currency that'll still be relevant in the next decades, there's not a time this book has been more needed! Will there be another global recession? Will more people lose hope on fiat money? Will Digital Cash become the prevalent currency of the future? Is cryptocurrency really a bubble?This book expounds on those and others.This book contains no financial, investment or legal advice. It contains purely the thoughts of the author as translated into words. Always Do Your Own Research and bear full responsibility for your decisions. Happy reading.

Download or read book Digital Accounting written by Ashutosh Deshmukh and published by IGI Global. This book was released on 2006-01-01 with total page 409 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume provides a foundation in digital accounting by covering such fundamental topics as accounting software, XBRL (eXtensible Business Reporting Language), and EDI. The effects of the Internet and ERP on accounting are classified and presented for each accounting cycle, along with a comprehensive discussion of online controls.

Download or read book Digital Cash written by Peter Wayner and published by Academic Press. This book was released on 1997 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: This second edition of the highly acclaimed "Digital Cash" is an updated and comprehensive guide to exchanging money over the Net. The changes in this new edition are based on the excellent user feedback received, and encompass dozens of new topics and expansion of chapters from the first edition. The enclosed DOS disk contains CGI scripts and demos of digital cash software.

Download or read book Digital Economy written by Harbhajan S. Kehal and published by IGI Global. This book was released on 2005-01-01 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: Annotation Digital Economy provides information about the socioeconomic aspects of the digital economy. This set of eighteen essays covers the effects of digital economy on business transactions, technology and culture, as well as on education. It also covers various aspects of global production, trade, and investment and the effects of the Internet.

Download or read book Disrupting Finance written by Theo Lynn and published by Springer. This book was released on 2018-12-06 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access Pivot demonstrates how a variety of technologies act as innovation catalysts within the banking and financial services sector. Traditional banks and financial services are under increasing competition from global IT companies such as Google, Apple, Amazon and PayPal whilst facing pressure from investors to reduce costs, increase agility and improve customer retention. Technologies such as blockchain, cloud computing, mobile technologies, big data analytics and social media therefore have perhaps more potential in this industry and area of business than any other. This book defines a fintech ecosystem for the 21st century, providing a state-of-the art review of current literature, suggesting avenues for new research and offering perspectives from business, technology and industry.

Download or read book Tethered Money written by Gideon Samid and published by Academic Press. This book was released on 2015-07-17 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tettered Money: Managing Digital Currency Transactions presents a comprehensive discussion of financial transactions using digital currencies, with the author, Gideon Samid, making the case for their expansion in tethered money. Exploring the technical, legal, and historical aspects of digital money, the author discusses how the emerging technology of money specified for a specific need or to perform a particular task will affect society. The ability to dictate, Samid argues, how money is spent could increase control over our lives and resources, enabling us to practice a certain efficiency that would, in due time, become a pillar of civilization. Informative and thought-provoking, the book describes an evolving future that, in some quarters, has already arrived. Delivers an in-depth picture of security issues related to financial transactions Explores recent regulatory developments regarding digital currencies Considers existing cryptocurrencies and alternative payment schemes