4.4 • 2.2K Ratings
🗓️ 23 May 2024
⏱️ 20 minutes
🧾️ Download transcript
Is cryptocurrency the next logical evolution of the monetary system? To explore whether we’re at an inflection point, we’ll look back at moments in the history of money when how we paid for things and stored value long-term changed for the better.
This episode is sponsored by Coinbase.
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0:26.5 | at Bloomberg Live.com slash Green Festival. |
0:30.6 | Since you're a subscriber to this Bloomberg Podcast, we thought you'd be interested in a new |
0:35.6 | four episode-sponsored podcast called Evolving Money. Produced by Coinbase and Bloomberg Media Studios, |
0:43.5 | it explores some of the monetary system's biggest changes |
0:47.3 | over the centuries. |
0:48.8 | And today's companies that are making big bets that cryptocurrency could be money's next evolution. |
0:58.0 | You can subscribe wherever you listen to your favorite podcasts. |
1:02.0 | Here's a recent episode. |
1:05.0 | On the face of it, our monetary system looks as though it works pretty smoothly. |
1:10.0 | I mean, if I want to buy something, I can use cash or a credit card or even an app and it's all kind of seamless. |
1:16.6 | But like a swan gliding across a pond, there is a lot going on underneath the surface. |
1:23.6 | I may think I'm simply buying a cup of coffee, but it's not so simple. |
1:27.7 | Even in a digital age, we still rely on a lot of players to verify our payments. |
1:32.8 | Banks, credit card firms, app payment processors. |
1:36.3 | All of these entities add time and expense. |
1:39.5 | That transaction for a cup of Joe? |
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