Thus the importance of Scrip – a concept design by NewDealDesign which attempts to reprogram the brain to start making better financial decisions by revitalizing a tangible reality check while using digital cash.
“Scrip is a universal cash device, like an ATM in your pocket – easily loaded with your spending cash from a smartphone, bank account, or ATM. Scrip is designed to deliberately turn off our financial autopilot. By pushing the right psychological buttons in our brains that physical cash triggers, Scrip subtlety helps us to understand each bill spent or received, bringing a visceral value back to an intangible number.”
As a result, at least according to NewDealDesign, this sensation will help “hack” your brain into making better decisions by increasing your awareness of how much you’re spending and how much you have left – or, as they claim, “reinserting the human experience back to digital cash.”
Creating tactility within digital monetary transactions is a feature that might just help people make better financial decisions in a world where spending money is easier than ever. Sometimes we lose a certain connection with our own lives whenever we use newer technologies to make life easier. The trade-off is certainly well worth it, but it’s also an unnecessary trade. Instead of trading our physical connections for digital comfort, why not emulate those physical connections within the very fabric of our digital world? Money is only the start. Eventually we’ll be creating haptic feedback on everything digital, of which will allow us to close the gap between that which is “physical” and that which is “digital.”