Since you're a subscriber to this Bloomberg Podcast, we thought you'd be interested in a new

four-episodes sponsored podcast called Evolving Money. Produced by Coinbase and Bloomberg Media

Studios,

it explores some of the monetary system's biggest changes

over the centuries.

And today's companies that are making big bets that cryptocurrency could be money's next evolution.

You can subscribe wherever you listen to your favorite podcasts.

Here's a recent episode.

It's 1968, Buffalo, New York.

On a road that runs along the Niagara River, a truck takes its daily route, laden with boxes containing thousands and thousands of small slips of paper.

Paper checks.

Birthday checks, rent checks, big fat checks for local businesses.

Now these checks have already been filled out, signed, and cashed, but there's one more crucial step.

They're on their way to the Buffalo branch of the New York Federal Reserve,

where they have to be recorded and reconciled, a process that ensures that each bank actually gets the funds they're owed.

But the truck swerves, it skids, it careens off the road,

the boxes tumble out and checks totaling millions of dollars fall into the river and float away downstream.

Never to be seen again. Decades ago, a simple accident like this could throw the financial system into temporary chaos.

And even today our system remains vulnerable to potential disaster.

It's always been a system begging for change.

From Coinbase and Bloomberg Media Studios, this is evolving money,

and I'm Patty Hersh, your host. On this podcast we're

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