Over the past thousands of years, the way the world thinks about and uses money has changed many times.
This has been very well-documented by academics and historians since the beginning of recorded time, and some good learning resources we can recommend are
Niall Ferguson’s The Ascent of Money,
this detailed summary and reference list about the history of money on Wikipedia, or for those of you more visually inclined, the dedicated exhibition on the history of money at the British Museum.

While these are all different stories told through different mediums, they all have one thing in common: constant change is a key theme and natural part of the story of money.

Why is this happening now?

In our view, these changes occur when three things happen: our collective mindset changes, there is consumer demand for it, and there is technology available to support this change.

At a foundational level, a very important aspect of money is the mental construct around it. We, as humanity, believe money works in a certain way because, well, that’s how we’ve always been taught. But it doesn’t mean that is the only way it can or should work. As an acclaimed author and historian Yuval Noah Harari puts it,

https://www.techleague.net/2019/01/the-natural-transformation-of-money.html