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Nov 21, 2020 | » | Experiments/Theories in Socioeconomics
2 min; updated Sep 5, 2022
Programmable Money South Korea’s COVID-19 stimulus payments were programmed to expire in Aug 2020, and could only be spent at qualifying shops. Australia’s cashless welfare card [currently in pilot stages] cannot be withdrawn as cash, nor used at alcohol, tobacco and gambling joints. Monzo, a UK-based digital-first mobile baking app, supports IFTTT recipes. This enables budgeting logic, “If I spend at KFC, then move $5 to my penalty pot”.... |