The Cashless Promised Land

A happy place or condition that everyone wants to reach

Let's recap. The four jobs-to-be-done with money are:

• A medium of exchange

• A unit of account

• A store of value

• A standard of deferred payment

The four core money jobs have been staying stable for millennia. The reason we want all of these money features is that we want the goods or services behind the money. Think of the bartering era in 6000 B.C. We want to improve our living standards through economic activities.

In the modern global marketplace with money involved, we wear many different hats though; we're sometimes a creator creating value for other people; we're sometimes a consumer purchasing goods or services from other people. For thousands of years, we realize the larger the money network, the happier we are, because we can consume goods and services with more diversity.

The increase in living standards depends on how effective the money network is. In other words, how effectively are we collaborating with each other to exchange goods and services on a global scale through money? Can we easily buy a product manufactured on another continent? Money serves a significant role in the global supply chain; There are three main flows in supply chain management: product flow, information flow, and finance flow.

Can we enhance the global supply chain circulation with money i.e. finance flow?

Can we upgrade the cross-border payment to make trade easier?

Can we include all the global citizens in the money network?

These are the questions we have to answer because all global citizens have something to offer in the economy. The larger the money network, the happier we are; when we're integrating even the unbanked and underbanked citizens into the global economy. It's not just we're helping them; they're also helping us. We can only achieve higher living standards by working together.

"Financial Inclusion" is the promised land.

Because - together - we run further.