Letters on the architecture of modern wealth, the technologies remaking it, and the jurisdictions, institutions, and individuals positioning for what comes next.
Peter Alfred-AdekeyeIn 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.