Smithers Insights Podcast with James Wojtyk

Smithers Insights Podcast with James Wojtyk

Welcome to a new instalment of Smithers Insights Podcast. In this episode we're talking to currency expert Dr James Wojtyk about market developments in banknotes - the subject of a new market report The Lifecycle of Banknotes to 2030.

Despite the growing dominance of contactless payments and digital wallets, banknotes remain indispensable for economic resilience, financial inclusion, cultural identity, and privacy. Towards 2030, the banknote lifecycle will be greatly influenced by the integration of advanced technology, evolving public needs, and a strong emphasis on security, sustainability, and accessibility.  

Listen now to hear Dr Wojtyk discuss the range of factors shaping the banknote market, including the impact of AI; anticounterfeiting measures; evolving public needs, and the prioritization of sustainability and accessibility.

 

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The Lifecycle of Banknotes to 2030

Dr James Wojtyk has over 25 years of extensive experience in scientific research, technology innovation, and strategic leadership across Canadian academic, government, and industrial sectors. For three years Dr Wojtyk headed up Research and Development in Currency at the Bank of Canada, integrating new technologies into banknotes, advising on counterfeit threats and fostering international collaborations - all to drive innovation and security.

The Lifecycle of Banknotes to 2030 is available now from Smithers. This report maps out the lifecycle of a modern banknote, from its conceptual blueprint design to its eventual circulation withdrawal and mode of destruction. 

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