This is the first article of a serie I wanted to build for a long time. I will think and brainstorm about the future of currencies and money transfer. My idea is to state the universe and the different ideas I have about this in a first article before starting to explore in more details all these subjects.
Limit of money transfer
One of the first subject will be about what is the limit of money transfer. Can money transfers be free? If not, what could be the price? Are the technologies ready for this and can we hope new technology to rise up on this matter? We will also dive into the limit of speed of money transfers, how fast they can be, will they be able to be instant and so on.
The second subject we will explore is about worldwide currencies. And many questions rise on the subjects such as if we already have one working, what will it implies and how this would work. Currency is often considered as something economical when in the end it’s highly political. We will see how a worldwide currency could limit the effect of politics in this matter.
In the third subject we will consider the importance of local currencies. A local currency is a currency which can only be used in a specific geo localised space. As of today, some local currencies exist such as in Paris or Berlin, but national currencies are often also local currencies. In the end will we need national currencies?
And I can hear you thinking “what does this guys is saying”, yes this sounds different, but the concept goes back a long time in the economist minds. After all, we work to be able to afford free time, leisure time.
Transfer between planets
The last subject is about the future of humanity, when we start colonising other worlds. What will happen when people start to travel between these countries and if we will be able to transfer wealth from one world to another.