Money, Currency and the Internet of Everything

Steve Prentice

In addition to my own posts, I also write for CloudTweaks, an authority on cloud computing. Cloudtweaks is currently working with Cisco, who have released and exciting new thought leadership platform called InnovateThink. I have been asked to contribute some material to this project, and it is an honor to do so.

My fifth article focuses on money, or at least virtual money, which is not only representative of the Internet of Everything, it also promises also to play a major role in the way things are bought and paid for.

Here is an excerpt:

In terms of the Internet of Everything, virtual currencies such as BitCoin allow for a wider range of actions that traditional banks find too costly to touch, and who make too expensive to use, such as micro-transactions. These small purchases may be the equivalent of a couple of cents, and would…

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