Dematerialize money
May 27th, 2009

David Wolman wrote an article in Wired about how we should get rid of physical cash and just use digital money. I have always wondered why we don’t accelerate the dematerialization of the micro-payments. This is happening in places as Japan and Korea, and at a growing rate in african countries where previously ad-hoc mobile banking solutions have become a primer way of economic exchange. In the western countries it seems that we are still attached to our heavy euro coins and thick dollar wads.
From the environmental perspective, using mobile phones, RFID, smart cards.. we could save energy and materials in both production, storage and transportation of money. However a good life cycle analysis would be needed to actually estimate the real savings and see if there is any rebound effect that would be needed to be minimized.





