IMAT5314 Project: Future of Money - Trends, Analysis, and Impact

This report, titled "Future of Money," provides a comprehensive analysis of the evolving financial landscape. It begins by defining money and its various forms, including physical and virtual currencies. The report highlights key trends shaping the future of money, such as the increasing use of crypto-currencies, the move towards cashless societies (with examples like Sweden and South Korea), and the growing importance of online payment processors like PayPal and debit cards. It also explores the impact of globalization on currency markets and the role of technologies like Open APIs and Artificial Intelligence. The methodology employed is qualitative, incorporating literature reviews and discussions on the importance, differentiation, and trends associated with the future of money. The report identifies the significance of understanding both physical and digital currencies, particularly in the context of inflation and deflation, and their implications for investors. The findings discuss the importance of the future of money, different ways of differentiating money, and knowledge about crypto currencies, including their advantages and disadvantages.