Monday, May 13, 2019

No change to spare? That’s no longer a problem for buskers.

IMTFI Director Bill Maurer, Anthropology, via MarketPlace Morning Report, May 8, 2019  (Audio)


Bill Maurer is an anthropology professor at UC Irvine who studies financial technology. “There’s really no good solution for folks in the informal economy.” Good old-fashioned cash on the other hand? “I don’t need to have a bank account to make it work, I just need the cash in my hand and as soon as I give it to you, it’s yours.” He says none of the payment services we have at the moment can really do that. (Segment starts at 4:04, Bill Maurer starts at 6:08)

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