Author Archives: David Birch

xxx The launch of Open USD is structurally intertwined with the federal GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins Act). I’ve written extensively about how the GENIUS Act reshapes stablecoin compliance—”We are effectively creating a pathway for the dollar to become the native currency of the internet.” Open USD was designed fromContinue reading “Open USD – Stablecoin’s New Gold Standard for Trust, Compliance, Governance and Economics | Noyes Payments Blog”

Open USD (OUSD) is a shared payment infrastructure, rather than a proprietary commercial product. The initial signatory roster spans payments networks including Visa, Mastercard, American Express, and Discover; financial institutions such as BNY, BlackRock, Standard Chartered, and DBS; tech giants Google, IBM, and Samsung Electronics; and crypto platforms Coinbase, Solana, Base, and Aave. The breadthContinue reading “Deep Dive: Open USD vs Tether and Circle, and Bank Tokenized Deposits”

The RPIB consultation calls for input on one of my favourite topics, digital identity. The consultation says that digital identity frameworks, including the use Legal Entity Identifiers (LEIs) or other verifiable credentials, could provide opportunities to “enhance users’ payment experiences“. It goes on to note that this may require a complementary trust service layer thatContinue reading “Agentic commerce and the battleground for new payments infrastructure – Bank Underground”

xxx The focus on drones comes as military planners seek to learn lessons from Ukraine, where officials estimate that around 200,000 drones are used each month. In the recent Iran war, hundreds of offensive drones were reportedly launched daily at the height of the conflict. From: Keir Starmer says some road and energy projects willContinue reading “Keir Starmer says some road and energy projects will be scrapped to pay for £15bn defence plan”

xxx Brits are being urged to monitor their money carefully with the volume of fake banknotes in circulation surging dramatically, as failing to spot them quickly enough could result in financial loss or even potential criminal charges. Recent data from the National Crime Agency revealed that last year saw more than double the amount ofContinue reading “Brits urged to check their bank notes as thousands could be worthless | Personal Finance | Finance | Express.co.uk”

xxx Footage played in court shows Kwabena Kissi, 40, carrying a large security briefcase and entering a Santander bank in Brixton, south London, on July 5, 2022. He is wearing a helmet with the visor down and a face mask with his old uniform from when he worked for the G4S private security company fromContinue reading “Moment former G4S security guard uses old uniform to trick bank workers into handing over £117,000 before he flees to Ghana | Daily Mail Online”

xxx Illinois just became the first state in the country to tax the simple act of using digital money. On June 1, in the dead of night and without stakeholder input or notice, the general assembly buried a new 0.2% gross-value levy on digital asset activity inside a $55.9 billion budget. It takes effect inContinue reading “A new tax on digital asset transactions will harm consumers in Illinois | American Banker”

xxx They sold the agents lists of potential customers, charging about $1,800 for 20 leads. The lists were filtered to focus on those over 55 with at least $100,000 in assets. From: How a Master of Deception Conned Investors Out of $50 Million—in His Own Words – WSJ. xxx

xxx Box C: Digital identity frameworks Digital identity frameworks, including the use of credentials (such as Legal Entity Identifiers or other verifiable credentials), could provide opportunities to enhance users’ payment experiences. For example, credentials could help users verify attributes to identify whether a requested payment is legitimate, lowering the risk of fraud. Realising these benefitsContinue reading “RPIB consultation on the Design of the Future Retail Payments Infrastructure | Bank of England”

xxx And this is why I think we need GB Drones, and that the government should support such a company. Not because it necessarily makes commercial sense – because it wouldn’t in a pure free market where DJI can manufacture more cheaply and at a larger scale. But because we need it. As Ukraine hasContinue reading “Britain needs a national drone company – by James O’Malley”