What will money look like in the future?

Tai Asks Why

CBC

Kids & Family

4.2 • 1.3K Ratings

🗓️ 27 April 2022

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

Tai loves paying for stuff with his mobile wallet. It's quick, convenient and his pockets have never been lighter! Technology has made it easier than ever to interact with money, which has Tai wondering: will physical cash eventually be a thing of the past? From cows to cryptocurrency, Tai traces the evolution of money to see if its history can offer clues to where it’s headed next. In this episode Tai talks to: - Stephen McKeon, associate professor of finance at the University of Oregon - Gina Pieters, assistant instructional professor in the Department of Economics at the University of Chicago - Nikhil Raghuveera, nonresident fellow at the Atlantic Council's GeoTech Center For transcripts of this series, please visit: https://www.cbc.ca/radio/podcastnews/tai-asks-why-transcripts-listen-1.6747759

Transcript

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0:00.0	So, I was at the corner store the other day to grab my go-to snack food, of course some
0:12.4	sour candies, two bags of Doritos and a gatorade, everything a growing teen will need.
0:17.9	And when I went to pay, before the cashier even asked the question, cashier card, I had
0:23.8	my phone out, ready to tap with my mobile wallet.
0:28.0	I didn't even have to think about it, it was just a total reflex, because I don't know
0:33.4	about you, but I can't even remember the last time I carried cash with me.
0:40.7	But I used to love digging around for loose change, in between couch cushions, the washing
0:46.2	machine, even under my brother's bed.
0:50.8	Are 15-year-olds too young to be nostalgic?
0:55.4	Yeah, probably.
0:57.2	Anyway, if I'm not using cash as much, what about other people?
1:02.7	Are we all going to end up using the super pricey bitcoin that you always hear about in the
1:07.4	news?
1:08.4	Or, oh, better yet, we'll have these like little debit cards that are microchipped into
1:14.0	our brain and we'll pay with a face scan.
1:19.6	Will cash completely disappear one day, and will there be even cooler ways to pay for
1:25.5	stuff?
1:26.5	Ty, I'm Ty, and this is my podcast, Ty asks why.
1:36.2	There are so many good questions out there that you really want to have answered.
1:41.1	How do we fix recycling?
1:43.6	Why doesn't everyone love math?
1:46.5	How reliable are our memories?
	...

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