An Exploratory Study of The Future of Money

Louis Maribo Bjerregaard

Student thesis: Master thesis


This thesis investigates The Future of Money by analysing the history of money, the characteristics of money, the challenges found in the current monetary system and possible solutions in the form of new types of money. An empirical analysis was performed on the basis of a qualitative data collection process, which included four respondents representing five different money market actors, commercial banks, central banks, critics, police and fin-tech start-ups. A model illustrating new types of money was created and existing money characteristics was identified. Seven challenges in the existing monetary system were identified, and two possible solutions, Aryze and a state issued CBDC were analysed and discussed. The Future of Money was concluded to change considerably, as cash usage is expected to decline while public and private Central Bank Digital Currencies are implemented in the near future.

EducationsMSc in Business Administration and Information Systems, (Graduate Programme) Final Thesis
Publication date2020
Number of pages51
SupervisorsJan Damsgaard