The Future of Money: What's in Your Digital Wallet?
Tuesday, April 30, 2013 9:30 AM - 10:30 AM
- Eric Dunn, Senior Vice President, Commerce Network Solutions, Intuit
- Paul Galant, CEO, Citi Enterprise Payments
- Mark Lavelle, Senior Vice President, Strategy and Business Development, PayPal
- Ed McLaughlin, Chief Emerging Payments Officer, MasterCard
Moderator: Lauren Lyster, Co-Host, "Daily Ticker," Yahoo! Finance
Money is by nature symbolic - representing the erratic value of goods and services - but will it become entirely electronic? Some digital evangelists, touting the frictionlessness of cashlessness, think so. E-transactions are burgeoning along with the capabilities and reach of the Internet. Software engineering has fused with financial engineering and online communities are creating new forms of digital currency. Yet cash in circulation is also rising. Hand-held currency is an easy, uncomplicated means to know what you have and get what you want, which is all the more appealing in an era of economic insecurity and bitcoin chaos. Why rely on intermediaries and invisible transactions? Why trust if one can't readily verify? This panel will explore the forces that are changing money and, at the same time, keeping it in its traditional forms.