The end of money transfer firms

[AlexGTV]

Money is one, if not the most, of the most valuable assets aside information. The information revolutions of typography and our Internet era have made it unthinkable that we may ever go back to centralized information control.
I believe money is on information's way. Money transfer is such a simple idea yet we pay premiums, and many times substantial ones, and a lot of profit is made and labor "wasted" instead of going into more fruitful things. Of course a part of it goes to the actual transportation of physical money but the vast majority goes to reserves of firms for offering the service.
So I think among the financial services, money transfer is among the ones least likely to have a long standing future in contrast to banks or insurances.

 

[BrutherSuperior]

Money is one, if not the most, of the most valuable assets aside information. The information revolutions of typography and our Internet era have made it unthinkable that we may ever go back to centralized information control.
I believe money is on information's way. Money transfer is such a simple idea yet we pay premiums, and many times substantial ones, and a lot of profit is made and labor "wasted" instead of going into more fruitful things. Of course a part of it goes to the actual transportation of physical money but the vast majority goes to reserves of firms for offering the service.
So I think among the financial services, money transfer is among the ones least likely to have a long standing future in contrast to banks or insurances.

Any suggestions on how one would transfer money quickly, efficiently, and safely?

Perhaps a better question; does being able to conveniently move wealth quickly and safely have value? (A: it does)

 

[AlexGTV]

Any suggestions on how one would transfer money quickly, efficiently, and safely?

Perhaps a better question; does being able to conveniently move wealth quickly and safely have value? (A: it does)

The most obvious one would be the digitization of money. The infrastructure for this would need to be vast and thus costly and would take time but would be ultimately positive for the society.

Of course the convenient move of wealth quickly and safely has value. But with the right infrastructure e.g. digitized money this goal would be much easier to attend and thus its value would drop.