Technology In Money: How Innovations In Technology Are Moving The World Towards A Global Currency

This study seeks to discuss how modern technological advancements in money have created ease in flow of funds globally and have the potential to push the world into utilizing one global currency. Electronic systems of money allow for quicker, more efficient movement of money from one area of the world to another. These systems have generated discussion about introducing a unified currency across the globe. Through survey analysis of different determinants, this paper intends to establish public opinion on a single currency on a worldwide scale as well as overall favor of a fully cashless society. Aside from focusing solely on individual perception of a cohesive currency, this work aims to also look at outside factors that could determine individual’s perception of currency standardization. Through looking at secondary subjects, such as patriotism, globalization and trade issues, an individual’s openness to change, accessibility to technology, and privacy this paper will analyze the impending possibility of currency unification across the globe.