Summary of Cloudmoney: Cash, Cards, Crypto, and the War for Our Wallets By Brett Scott

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This isn't the main book, and it's not meant to take its place. However, Robert Foley has calmly and brilliantly produced a SUMMARY
• Simplifies the author's point and relays it.
• Written in plain English that individuals of all literacy levels can understand. • Completely outlines several important ideas that you could have missed.
• It is time and money efficient while yet being valuable

About the original book
Cloudmoney, Brett Scott tells an urgent and revelatory story about how the fusion of Big Finance and Big Tech requires “cloudmoney”—digital money underpinned by the banking sector—to replace physical cash. He dives beneath the surface of the global financial system to uncover a long-established lobbying an alliance of partners waging a covert war on cash. He explains the technical, political, and cultural differences between our various forms of money and shows how the cash system has been under attack for decades, as banking and tech companies promote a cashless society under the banner of progress.
Cloudmoney takes us to the front lines of a war for our wallets that is also about our freedom, from marketing strategies against cash to the weaponization of COVID-19 to push fintech platforms, and from there to the rise of the cryptocurrency rebels and fringe groups pushing back. It asks the most pressing
Who benefits from a cashless society and who gets left behind? Is the end of cash the end of true privacy?
And is our cloudmoney future closer than we think it is? Read less