And I picked up extra cash working as a waitress at Wilf’s. Many things haven’t changed much since then – many of you must pick up a coffee on the way to class or catch up with friends at Wilf’s. What has changed, though, is how we pay for things.
It’s fascinating the way technology and consumer preferences are pushing the boundaries of how we define and use money. The Bank of Canada is paying close attention to e-money, given that our job is to issue currency, promote financial stability and oversee Canada’s payment systems. Today I’ll cover three points. First, I’ll start with a brief historical perspective.