Cashless Economy & Virtual Currency Foresight
In 2012-2013, I foresaw the inevitable shift from physical cash to digital money. The vision wasn't just about credit cards - it was about a fundamental transformation in how money would be stored, transferred, and conceptualized.
Physical currency seemed increasingly obsolete: bulky, insecure, expensive to print, and difficult to track.
Period: 2012-2013
Observation: Mobile phones becoming ubiquitous, internet penetration growing
Insight: Money would become purely digital - stored in phones, transferred instantly
While I was envisioning mainstream digital money in India, Bitcoin emerged as virtual currency in 2009 and gained traction by 2012. The world was simultaneously moving toward digital financial systems from multiple angles!
My digital money concept included:
World's largest real-time payment system - instant, free transfers
Nearly cashless society - QR codes everywhere
100+ countries exploring Central Bank Digital Currencies
Digital money transformation enabled: