ABSTRACT
This chapter considers the future of currency in light of recent developments in artificial intelligence (AI). It is now possible to put a reasonably sensible brain into every piece of money. We ask, what will intelligent money do to markets, society, and people? We first consider the ongoing digitalisation of payment and the use of blockchains in the non-fungible token space. Then we review recent advances in AI. We then discuss how these two developments come together to create “smart money” – money that has goals. Finally, we conclude with an assessment of the broader implications of smart money and how it may alter our interactions in markets and elsewhere in society.
