[IEEE Spectrum Tech]Special Report: The Future of Money

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IEEE Spectrum Tech Alert
May 31, 2012

Special Report: The Future of Money

Small, out-of-pocket cash exchanges are still the stuff of everyday life. In 2010, cash transactions in the United States totaled US $1.2 trillion (not including extralegal ones, of course). There will come a day, however, when you’ll be able to transfer funds just by holding your cellphone next to someone else’s and hitting a few keys—and this is just one of the ways we’ll wean ourselves off cashIn “The Last Days of Cash,” a special report on the future of money, we describe the various ways that technology is transforming how we pay for stuff; how it’s boosting security by linking our biometric selves with our accounts; and how it’s helping us achieve, at least in theory, an ancient ideal—money that cannot be counterfeited.
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