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How Money REALLY Works

The Money Podcast

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The Importance of Speed in Money

In the last five years, or if you add up all the thousands of transactions I've done, I would say it's got to be less than 1% I have spent physical cash on. So anywhere where money can flow faster, its true nature will be exaggerated. Money is a great store of value compared to barter, but barter is slow and inefficient. Now digital exchange is a quicker form than cash. If you needed to buy something that was 10,000 pounds, it's going to be quicker to do it on your banking app than it is in cash.

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