The Internet of Payments and the Future of Banking: Crisis and Opportunity

Imagine a world where your washing machine can recognize it needs more detergent and orders it for you. Now imagine a world where your self-driving car needs to fill up, or charge if it is electric, and does that on its own time. Then go a step further and imagine a self-driving truck crossing borders, not only filling itself up on the way but dropping off goods and buying new ones, based on an artificial intelligence (AI) that selects the best profit margin available and paying any customs fees – all without human input. That’s the difference between the current Internet of Things and the future Internet of Payments. It has profound implications for the future of banking, trade, and finance in general. The finance industry may be about to experience the same disruption that the internet inflicted on print media.
The crucial thing about the Internet of Payments is that

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