How Programmable Money Will Change the Way We Money

In recent years, there has been a lot of talk about programmable money.

But what is it, really?

Put simply, programmable money is “digital cash” that can be programmed to do certain things or only be used for certain transactions. For example, it could be money programmed to only be spendable at certain stores or to expire after a certain amount of time.

There are many more applications possible of course, hence in this article, we’re going to take a closer look at programmable money and how it could change the way we use cash in the future.

The Definition of Programmable Money

Programmable money is a term used to describe the ability of digital assets to be programmed to complete transactions with predetermined instructions and controls: Programmable money is a form of digital cash that can be programmed to meet specific requirements. It enables users to make transactions with more control over how their money is used, such as setting expiration times or limiting spending to certain stores.

Imagine the Fed could print “gas money” or “consumption booster money” with a 2–3 month out the expiry date. On the one hand, this extra money would not need to be fed through the banking system ending up in financial…