POST Inclusion is about identity not bank accounts

xxx “If the plans of the upcoming payment bank by IndiaPost are to go by, over 112 crore Indians who have an Aadhaar number till now will be able to transact – send and receive money – only on the basis of the Aadhaar number irrespective of the fact whether it is linked to aContinue reading “POST Inclusion is about identity not bank accounts”

Pocket: World of Warcraft’s gold rush has upended Blizzard’s economy

xxx “The WoW Token is a simple market. All the tokens are identical, and have a static real-money cost. When there are more people wanting to buy gold than people wanting to sell gold, the price falls. When there are more people looking to sell gold than buy it, the price rises.” Pocket: World ofContinue reading “Pocket: World of Warcraft’s gold rush has upended Blizzard’s economy”

US banks’ profits leave European rivals in the shade

xxx In 2006 the top five European banks had a combined 20 per cent share of the worldwide investment-banking fee pool, according to Dealogic. Last year that share dropped to 16 per cent, even though Barclays had swallowed much of Lehman Brothers in the meantime. From US banks’ profits leave European rivals in the shadeContinue reading “US banks’ profits leave European rivals in the shade”

POST Accounting is so last millenium

In my book “Before Babylon, Beyond Bitcoin” I look at how this infrastructure hs evolved. Double entry Accounting is one thing, but it is not the whole story. When the At very high level, then, accounting led to the creation of modern markets and it’s cousin, auditing, set in place the infrastructure necessary for large-scaleContinue reading “POST Accounting is so last millenium”

Smart condoms: like Fitbit for sex – and you can even share your stats | Life and style | The Guardian

xxx So it’s a Fitbit for your old chap? Basically, yes, although I doubt that will be the slogan, for a number of reasons. You charge it with a USB cable and sync the data with your phone in the usual way. Then share it online, if you wish. From Smart condoms: like Fitbit forContinue reading “Smart condoms: like Fitbit for sex – and you can even share your stats | Life and style | The Guardian”

CommBank provides ID verification for gig economy marketplace users

    xxx Now, in an effort designed to provide an extra layer of trust, a pilot will see members who bank with CBA able to add a ‘CommBank Identified’ badge to their Airtasker profile if the two firms have the same name and date of birth on file. From CommBank provides ID verification forContinue reading “CommBank provides ID verification for gig economy marketplace users”

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