Rachel O'Dwyer

Wherever you look, money is being replaced by tokens. These are digital assets, issued by platforms, that can be traded and offer new types of relationships, forms of ownership, as well as governance. Bitcoin, Dogecoin, Facebook's proposed Libra, and other forms of value such as airtime, special access, and data, are the new currency within an evolving economy. Platforms are...

Longlisted for the Financial Times Business Book of the Year Wherever you look, money is being replaced by tokens. Digital platforms are issuing new kinds of money-like things: phone credit, shares, gift vouchers, game tokens, customer data—the list goes on. But what does it mean when online platforms become the new banks? What new types of control and discrimination emerge...