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New Money: How Payment Became Social Media

By (author) Lana Swartz

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normal price: R 1,012.95

Price: R 911.95

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| book description |

A new vision of money as a communication technology that creates and sustains invisibleâ€”often exclusiveâ€”communities ""In an engaging and timely work, brimming with fascinating anecdotes and historical and literary references, Lana Swartz brilliantly illustrates how financial technologies are quietly transforming how we socialize and what it means to belong.""â€”Jonathan Zittrain, author ofÂ The Future of the Internet: And How to Stop ItÂ Â One of the basic structures of everyday life, money is at its core a communication media. Payment systemsâ€”cash, card, app, or Bitcoinâ€”are informational and symbolic tools that integrate us into, or exclude us from, the society that surrounds us. Examining the social politics of financial technologies, Lana Swartz reveals whatâ€™s at stake when we pay. Â This accessible and insightful analysis comes at a moment of disruption: from â€œfinâ€‘techâ€ startups to cryptocurrencies, a variety of technologies are poised to unseat traditional financial infrastructures. Swartz explains these changes, traces their longer histories, and demonstrates their consequences. She shows just how important these invisible systems are. Getting paid and paying determines whether or not you can put food on the table. The data that payment produces is uniquely revelatoryâ€”and newly valuable. New forms of money create new forms of identity, new forms of community, and new forms of power.