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.
What Can You Do with a Mobile Phone?
Since the mobile phone was the first technology in recent times to truly disrupt money—Kenya’s M-Pesa service having taken the country by storm—this chapter looks at what people do with phones besides make calls and send text messages. Understanding the use cases of the mobile phone was central to the development of mobile money. Phones are shared, flexible resources that people use to express themselves in a host of ways besides talk and text.