Letters on the architecture of modern wealth, the technologies remaking it, and the jurisdictions, institutions, and individuals positioning for what comes next.
Africa has fifty-four heads of state and no chief technologist. For sixty years, every attempt at continental integration has run aground on the politics of borders, currencies, and capitals. Technology does not require those approvals. It only requires someone willing to do the work without permission.
Read the letterA century from now, the world’s wealth will be held very differently than it is today. Half the assets currently sitting on bank balance sheets will have been withdrawn, tokenised, and re-custodied. The jurisdiction that prepares for this shift now will inherit the role Switzerland has held for the analogue era. Guernsey has every ingredient required.
Read the letterIn modern Britain, you cannot pay rent, receive a salary, or buy anything online or in person on most high streets — as most shops are now cashless — without a bank account. That gives a handful of high street institutions something close to a veto over everyday economic life. Increasingly, they are using it.
Read the letterBanks have always been a single point of failure for global payments and settlements. What has changed is the nature of the threat — and what you need to do, as a bank-dependent customer, to protect yourself.
Read the letterAbout the writer
Peter Alfred-Adekeye is the founder & CEO of Boom and PhotonAI, which owns Multiven. He writes occasionally on money, technology, and sovereignty.