What’s going to happen to money? Until recently the idea of doing without bills and coins seemed like science fiction. But today, it’s a reality. In many countries, money – as we know it – is becoming obsolete. Wallets are being replaced by our ubiquitous smartphones, while banknotes and metal coins are being replaced by digital ones and zeros. In Sweden, for example, 93% of transactions are made through direct transfers using a mobile phone app called Swish. It allows even small amounts to be transferred between individuals instantly and at very low cost. But it’s not only the prosperous and technologically savvy ... (full story)