Cashless to Bankless: How Is Money Changing?

Speculation about the move towards a cashless economy increased considerably at the beginning of the decade. As consumers moved towards digital payment methods and e-commerce for more of their daily spending, the need to use physical currency began to dwindle. However, the underlying infrastructure that allowed this flow of cashless payments was still part of the traditional banking system, with fiat currencies supported by central banks being the means of storing and exchanging value.

The emergence of technology-driven currencies like Stablecoins, exchangeable and cryptographically secure assets with their value directly linked to a stable asset, prompts questions about how to integrate decentralized finance into everyday transactions. Moreover, creating these systems accessible to individual savers and investors will play a significant role in the shift toward a more tech-driven financial future.