Author Archives: David Birch

xxx Digital challengers now have 8 per cent of the market for personal current accounts, according to the financial regulator. But the market remains very concentrated among the biggest institutions, with a share of more than 80 per cent. From The UK led the world in open banking — and then got left behind |Continue reading “The UK led the world in open banking — and then got left behind | Financial Times”

xxx The recent launch of a nonfungible token (NFT) protocol on the Bitcoin mainnet has the crypto community divided over whether it’ll be good for the Bitcoin ecosystem. The protocol, referred to as “Ordinals,” was created by software engineer Casey Rodarmor, who officially launched the program on the Bitcoin mainnet following a Jan. 21 blogContinue reading “Ordinals protocol sparks debate over the place for NFTs in the Bitcoin ecosystem”

The Mobey Forum (which was established back in 2000) is a global, not for profit industry association of banks and other financial institutions who want to shape the future of digital financial services. Their Digital Identity Expert Group has just published a report called “The Rise of Digital Identity Wallets: Will Banks Be Left Behind?”,Continue reading “Mobey Forum: Now is the time for banks to secure role in digital identity – Mobey Forum : Mobey Forum”

xxx The Binance Card issued by Dock will allow all new and existing Binance users in Brazil with a valid national ID to make purchases and pay bills with cryptocurrencies, including Bitcoin and BNB, at over 90 million Mastercard merchants worldwide, both in-store and online. Users can enjoy a seamless transaction in which their cryptocurrenciesContinue reading “POST Brazil”

xxx Employees have been concerned that Stripe’s margins will compress, leading the company to try tacking on other, higher margin services to its core business. From Stripe in Talks to Raise Up to $3 Billion From Current Investors — The Information: xxx

The key role of the bus in the mass-market use of digital money and digital identity The digital pass will ultimately phase out cash payments for bus fares in favor of digital payments, QR codes, and value tap cards using The Bahamas’ CBDC Sand Dollar, according to a statement. From Digital unified public bus systemContinue reading “Digital unified public bus system rollout set for 2023 – Eye Witness News”

xxx Take the example of Sweetgreen. The salad restaurant chain experimented with going cashless in 2016 and reported that those stores recorded up to 15 percent more transactions an hour than its stores that took cash. Those locations also saved about two hours per day on cash management work, such as balancing register drawers andContinue reading “More Businesses Go Cashless, But Will Cash Disappear?”

xxx Ellysha Gillespie, 32, said she received thousands of dollars in cash when she got married in the Hunter Valley earlier this month before holidaying in Sydney. She quickly banked all the money, saying the only time she uses cash is when the eftpos machine at her nail salon has stopped working. From Consumer spending:Continue reading “Consumer spending: The Australians who can’t remember using cash”

xxx 2023 could be a tipping point for open banking payments in the UK and the US with “new payment services leveraging open banking APIs” being a top IT product investment priority for almost one in four (23%) UK respondents and one in five (20% US respondents, according to Omdia’s 2022/23 survey of payment issuers/acquirers.Continue reading “Payment Trends to Watch in 2023”

xxx More fine-grained data, more sharing, and default global. That’s a hard problem because GDPR and privacy are giant issues in every jurisdiction. From Fintech 🧠 Food – KYC is still broken – by Simon Taylor: xxx