Note: On Tuesday morning 2/16, Bloomberg reports that bitcoin reached a new record price, breaking $50,000, as institutional investors continue to buy in. Bitcoin continues to capture headlines, as summarized by CoinDesk. As its price gains continued on news that Elon Musk purchased $1.5 billion worth of the cryptoasset for Tesla, several mainstream financial organizations … [Read more...] about The Changing Face of Bitcoin
Payments
Building Faster Payments: From Conception to Reality
Selling the concept of faster payments, in many of the myriad forms they can take, isn’t difficult. Most of the industry players agree it’s overdue: the U.S. hasn’t had a new payments structure in over 40 years. Needless to say, achieving it is a huge undertaking; not only in building the technology but also in getting large-scale adoption, as it requires buy-in from every … [Read more...] about Building Faster Payments: From Conception to Reality
Digital Payments and Currencies in China. They’re Faster.
The following is a guest post from John Browning, founding partner of Hong Kong commodity and financial futures broker BANDS Financial. In reporting on the state of and statistics on the Chinese economy, Browning follows the development of a digital currency by China's central bank. See our post Constructing the Future of Money for an introduction. This post, an excerpt from … [Read more...] about Digital Payments and Currencies in China. They’re Faster.
Voice Payments: The Future of Customer Experience?
The following is a guest post from SDK Finance, a FinTech digital banking platform provider. In one minute, an average person can speak five times as many words as they can type. After all, voice is the most natural and efficient form of communication. Awe-inspiring advancements in voice-related technologies took digital voice assistants mainstream. By early 2020, 75% … [Read more...] about Voice Payments: The Future of Customer Experience?
Touch Free Payments
PayPal did some transit advertising of touch-free payment solutions along Chicago's Michigan Ave. in October. The farmers at the Clark-and-Division farmers' market came up with their own DYI solutions, like this one: A little farther north on Michigan Ave., Google Cloud featured PayPal in its developer solutions Cloud adverts. … [Read more...] about Touch Free Payments
The Programmable Future of Currency
It’s broadly agreed that the rails that exist for payments – both domestically and globally – are antiquated. While there has been any number of advances and shifts toward digital wrappers and new ways for consumers to move money around, on the backend the payment rails themselves are roughly the same as they were 50 years ago. Those rails have built the backbone for a … [Read more...] about The Programmable Future of Currency