How Would You Like to Pay?: How Technology Is Changing the Future of Money
Bill Maurer is Dean of the School of Social Sciences; Professor of Anthropology, Law and Criminology, Law and Society; and the Director of the Institute for Money, Technology, and Financial Inclusion at the University of California, Irvine. He is the author of Pious Property: Islamic Mortgages in the United States and Mutual Life, Limited: Islamic Banking, Alternative Currencies, Lateral Reason.
Two Scenarios: A Day in the Money Life
In this chapter, we meet two semifictional characters: one conducts her life almost exclusively in noncash means of payment—credit and debit cards, direct deposit, and online payment services. The other lives an almost wholly cash-based life, along with other material stores of wealth and means of exchange. People’s money lives are diverse. Cashlessness, a vision promoted by many money innovators, may only be obtainable for the relatively well off. And the cultural and social traditions of payment run deep.