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A tide of technology — cryptocurrencies, P2P economies, payment APIs — is reshaping the world before our very eyes. We rarely memorize, wait in line, rewind, unfold, print or phone anymore. There has never been a better time to map the phenomenon of human innovation, and there is no better place to start with than with money.
The transfer of money has accelerated, expanded & multiplied individual technologies that are shifting power between long-siloed entities of institutions, networks and individuals.
According to Technology Research Foundation, we can describe four trends:

1. Fall of fiat: A wealth of startups and communities are working around the limitations of money-as-a-system by developing technology-backed alternative currencies. Reputation systems, attention economies, digital currencies are all inventive solutions to measure value in decentralized economies. Decentralized currency systems have the freedom of being entirely unpredictable and detached from convention. The future of decentralized currency is fast, unpredictable and ruthless.

2. Bank as a layer: Emerging technologies are handing banking powers to networked individuals — they can leverage funds collectively and manage their finances intelligently. Sharing personal financial information with third-party services in a secure, selective and predictable manner will enable customers to play a more active role in their managing of money. The future of fintech is horizontal, not vertical. Platforms, not mainframes. Porous interfaces, not monolithic surfaces. Empowering, not controlling. Small (personal) data, not only big (collective) data. Examples: Banking apis (go cardless, Open bank project) — online-only banks — open data analytics — service driven automation — open-source inVestMent algorithMs

3. Accelerating transactions: identity must be verified and a lot of startups are arose with this goal. Examples: BioMetric identification – contactless payMents — single sign-on — location as a layer — MoBile credit card readers — digital wallets

4. Leveraging crowds: platforms provided by the internet have enabled the exchange of resources, from the digital to the physical, and allowed us to nurture new economies. With sustainability, utility and community in mind, there has been a decisive shift from consumption and the concept of wealth has expanded. It’s more about cause, than cash.

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