If Cash Is King, Then The King Is Dead!

These are the words of Vincent Kiyingi of Pride Microfinance in Uganda.

Vincent is featured in a short movie produced by Ericsson, titled “On The Money”. I have the privilege to be a contributor to the movie too. You can watch it on YouTube.

The movie shows deep disruptions to the real world brought by the parallel, networked digital world. It talks about different ways the technology is changing us – digital money (rather than cash), crowd sourcing as a way of investing (rather than the traditional exchanges), online value and trust and reputation (based on social network connections rather than real world credit ratings).

(the rest of this post can be read on my @gatesfoundation Impatient Optimist blog)