At Modus, we take future very seriously and offer you our 5 bold predictions for 2014.
First a little back story. Introduction of a new form of payment has always been a slow and painful process. Transitions from seashells to gems, from gems to metals, from metals to paper and then paper to plastic have not been easy. People tend to feel a strange connection to the way they hold money and are resistant to change. Change to a new form of money, from gold coins to paper fiat, has even been described by Goethe in Faust as a work of the Devil. Well, thankfully the times have changed and such descriptions are no longer appropriate.