THE NEW REALITY OF MONEY

A historical-social innovation briefing for a world where military high-security standards meet digital crypto-assets

by Jochen Werne

Chief Development & Chief Visionary Officer PROSEGUR Germany

SAVE THE DATE

Strategy Summit B2B Sales & Key Account Management
5. – 6. October 2021

The aim of this contribution to the debate is to combine historical insights into the meaning of money with the latest technological developments in the digital age, to compare visions with realities and to develop options for action for shaping the digital transformation of money.

The 10 most successful bank robberies in human history, in which the equivalent of US$1.62 billion was taken at sometimes massive expense, seem like the work of amateurs compared to the US$3.78 billion taken by cybercriminals in 2020 alone. In a world where tech companies are spearheading campaigns to create a new cryptocurrency and bitcoin is surpassing the US$50,000 mark because a visionary electric car maker wants to recognise the cryptocurrency as a means of payment, some fundamental questions arise: How must money be defined in a digital world to reliably fulfil the characteristics of a universally recognised store of value and medium of exchange? And what changes will result if so-called stablecoins challenge the banks’ classic deposit business and their traditional business models?

Security briefing: When cryptos meet high-security facilities. State-of-the-art wealth custody trends.

SAVE THE DATE: 29 September 2021 – 11.30 a.m. Berlin Time

It‘s a great pleasure giving a keynote at the VÖB-Service GmbH #VSK2021 Conference and to discuss with financial industry experts fundamental questions about the FUTURE OF MONEY

The ten most successful bank robberies in human history, in which the equivalent of US$1.62 billion was captured at great expense, seem almost like the work of amateurs compared to the US$3.78 billion captured by cybercriminals in 2020 alone.
In a world where tech companies are spearheading campaigns to create a new #cryptocurrency, where bitcoin is surpassing the US$50,000 mark because a visionary electric car maker wants to recognise cryptocurrency as a means of payment, Jochen Werne, Member of the Executive Board Prosegur Germany, asks some fundamental questions. “How must money be defined in a digital world in order to fulfil the characteristics of a generally recognised and reliable store of value and medium of exchange?” Or also: “What changes are coming to the financial industry when #Stablecoins spread and challenge the classic deposit business of banks?”


In our stream Digitalisation at #VSK2021, Jochen Werne presents possible answers to these and other questions.


Be there and register today for the #Kreditwirtschaft congress on Wednesday, 29 September! 👉 https://lnkd.in/gMe2g59