Book notes: The pay off, by Gottfried Leibbrandt and Natasha de Terán

A timely introduction to and accessible survey of payment system developments

The pay off, by Gottfried Leibbrandt and Natasha de Terán

Gottfried Leibbrandt and Natasha de Terán, The pay off: how changing the way we pay changes everything, Elliott & Thompson, 2021, 320 pages

In their introduction, authors Leibbrandt and de Terán cite a suggestion that “money is one of the three key abstractions that enable societies to function beyond the scale of prehistoric tribes” (the other two being religion and writing). Perhaps, like me, you are not fully convinced by that claim, but the ability to make payments (and to do so securely)

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