host: we want to welcome drew breakspear. he is currently a commissioner with office of financial regulation and also from the conference of state bank regulators. thank you for being here. guest: it is my pleasure. host: the me share with you something from bankrate.com. two out of five consumers carry less than $20 cash on a daily basis. nine percent don't carry cash at all. what does that tell you? guest: i think we are moving very rapidly to a cashless society and to any revolving and different set of payment mechanisms. course includes debit and credit cards, which most of us now carry. mobile electronic banking apps, and prepaid cards. guest: and a bunch of other things in addition. host: and we want to talk about that. what is bitcoin? virtualitcoin is a currency. it is a currency created through a form of mathematics, but it is something that people are using to transact business now on a constant asis -- basis. you can buy anything from an apartment in amsterdam took our -- to a car or pay for a meal. people go out a

later, draw breakspear from the state bank super visors conference on the emergence of currency. washington journal is live every morning at 7:45 on c-span and you can join the conversation on facebook and twitter. >> remind your children in this year when we are the first generation to experience the tax on the united states. we are the first generation of americans to feel what it is like to have our government buildings attack. remind your children are freedom isn't free and the country's grea great-ness is found in one another. that is what the star-spangled banner is about. >> a three-day fourth of july weekend starts on thursday. visit joe howl talking about the radiation experiments and sunday at 8 p.m., a preview of jeffrey angles manuscript on george h. bush and the peaceful end of the cold war. >> craig nelson writes about the history of atomic science and the development of nuclear weapons. he talked about his bock at the new york public library. this is just over an hour. >> i remember going to the library when i was 11 and checking out a big beautiful illustrated boo