BBC 2 – Money – Series 1 – Episode 2 of 3
Before you buy one more thing using an App on your mobile – please watch this program. It really scared me the lengths that business will go to – including MRI imaging of volunteer’s brains to understand how contactless purchasing effects our brains. Scary
“In 2015, for the first time in history, cash payments were overtaken by card and contactless transactions. But why are we turning our backs on cash? And what are we replacing it with?
In this episode, Jacques explores the deals which have shaped the way we understand money. From the invention of Paypal in the nineties to the smartphone app economy that followed ten years later, this program tells the story of how tech giants brought about the digital payment revolution and formulated a plan to one day kill cash.
But is this new world of digital, hyper-fast spending in our interests? And what is really going on behind the scenes?” BBC 2 Billion Dollar Deals and how they Changed your World.
The program begins by looking at Kenya and development of M-Pesa, or mobile money possible using very ordinary mobiles, a service which has revolutionised banking in a country where more than 80% of people are excluded from the formal financial sector and goes on to compare Apps provided by Apple and Google to compete with the Banks for our financial transactions and finally finishes with a chilling prediction that Facebook Impresario – Mark Zuckerberg is exploring an overlooked opportunity in India based on what is happening in Kenya – to possibly control money itself.
The program talks about how Banks would like to introduce negative interest to drive the economy and remove cash all together. This may not be in our interest.
Previous episodes to do with Billion Dollar Deals and Health – are worth watching too
sunnypolarbear 