Never before in times of peace has the subject of money evoked the uncertainty it does today. Although, we live in affluence here in Germany, many people begin to ask themselves whether the value of our money is dwindling away. Cash seems permanently under attack as the media bombards us with theories on the ‘End of Cash’.
Concerns about the future of money are not without basis: in many countries, massive restrictions on the use of cash have now become a reality, with India at the forefront. Overnight, 86 percent of their rupee reserves were removed from circulation and declared worthless – is cash in the eurozone next?
What is the future of money – a means of exchange, anonymous payment or an opportunity to hoard wealth? How will we pay in the future? What forms will digitization open up to us? And what forms could be forced on us by the state or circumstances, such as a crisis or catastrophe? Are you prepared if ATMs or online banking no longer function?