Great report by MIT on payments and technology
As technology-driven payment ideas give cash a run for its money, the big winners could be estab CONTENTS Technology Repaints the Payment Landscape Alipay Leads a Digital Finance Revolution in China Hacking Payments A Weekend in Bitcoin City: Arnhem, the Netherlands Increasing the GDP of the Internet Starbucks Bets the Store on Mobile Can Mobile Money Conquer New Markets? Modern Money Compared Who Are You? New Technologies Can Change Payments and the Economy A Payment Upstart Still Trying to Catch On Your Mobile Phone Is More Secure Than Your Visa Card In developed economies, money has been digitizing for decades. Few Westerners touch a paycheck anymore. Through direct deposit, digital money is transferred electronically from our employer to our bank account every pay period.