Explore the complex landscape of future currencies in this 45-minute lecture by Lois Tullo from Novera Capital and York University. Delve into the five potential futures of currency, comparing fiat money, Central Bank Digital Currencies (CBDCs), stablecoins, and cryptocurrencies. Examine the implications of regulatory centralization, including the loss of privacy, government control through CBDC transparency, and the potential disintermediation of financial institutions. Analyze the impact of digital currencies on bank funding models, product pricing, and customer relationships. Consider the risks of cybersecurity breaches and price volatility in the cryptocurrency ecosystem. Investigate the concept of a divided world due to digital currency adoption and its effects on global trade and unity. Explore scenarios of infrastructure failure and the potential for water to become a new reserve currency. Finally, discuss the implications of bio-privacy control by states and its impact on international business and movement between countries. Read more