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xxx “This stablecoin will allow companies to use smart contracts on Sber’s platform based on the Hyperledger Fabric blockchain. Tokenizing both material goods and fiat money on this platform will allow transactions to be fully automatic,” the Sber press office said. From Russia’s Sber Bank Files to Launch Its Own Stablecoin | Nasdaq: xxx

xxx Meanwhile, banks simply don’t fully appreciate the value of their payments data. Their approach to the massive amounts of data they hold remains disjointed. Payments data is sprawled across the organization in marketing, loyalty, fraud and credit risk silos. From Banks Can Compete Effectively with Big Tech in the New Smart Financial Ecosystem |Continue reading “Banks Can Compete Effectively with Big Tech in the New Smart Financial Ecosystem | PaymentsJournal”

xxx Sadly, for crypto maximalists, it might not mean crypto replacing central banks or central banks adopting permissionless public cryptocurrencies. It could instead mean central banks issuing their own, non-debt based, digital currencies, which could be used to provide a basic income for citizens and fund government spending without the need for debt. From WillContinue reading “Will Cryptocurrency Matter in Ten Years? – Pairagraph”

xxx Western Union has closed its 407 locations across Cuba, a sanctions-driven move that will leave thousands bereft of remittances on an island that depends heavily on them — or force them to use less reliable ways to bring in money From Cubans receive last of remittances via Western Union Cuba island offices U.S. WesternContinue reading “POST How does forcing people to use cash help?”

xxx The UK has launched a new National Cyber Force run by spies and military personnel which will block terrorists’ phone signals, disrupt servers being used by hostile states and hack enemy weapons systems. From National Cyber Force will target UK adversaries online | Financial Times: xxx

xxx Western Union has closed its 407 locations across Cuba, a sanctions-driven move that will leave thousands bereft of remittances on an island that depends heavily on them — or force them to use less reliable ways to bring in money From Cubans receive last of remittances via Western Union Cuba island offices U.S. WesternContinue reading “POST How does forcing people to use cash help?”

xxx Western Union has closed its 407 locations across Cuba, a sanctions-driven move that will leave thousands bereft of remittances on an island that depends heavily on them — or force them to use less reliable ways to bring in money From Cubans receive last of remittances via Western Union Cuba island offices U.S. WesternContinue reading “POST How does forcing people to use cash help?”

xxx Banks, who retain their customer relationships by having a card in people’s wallets as well as serving the clients in their mobile banking app will lose this relationship in favour of players like Google (Pay) who will provide consumers with the money management, payment and commerce app that does it all. The customer relationshipContinue reading “The Payments King Is Dead. Long Live The New King.”

Daniel Doderlein made this point in Forbes recently, arguing that Europe needs a “PSD3″ to force banks to connect their APIs to an EU hub where their accounts can be accessed via a standardised API provided in an open, transparent and non-discriminatory manner. This way the services offered are the competitive difference between the players,Continue reading “PSD3: Lessons To Learn From US Visa Lawsuit”