A library of snippets
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The Riskbank is currently working on improving the possibility of making offline payments by card to strengthen resilience. The possibility to pay offline in Sweden when the Internet is down is currently limited and does not work at all for contactless and mobile wallet payments.
From: Swedish central bank urges public to horde cash in case of payments disruption.
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The SNB says the the current international situation and Sweden’s high degree of digitalisation may lead to vulnerabilities in the payments system.
The Riksbank recommends that all households keep a sum of SEK 1,000 in cash per adult at home. This amount should be seen as a benchmark and is intended to cover a week’s worth of essential purchases. Households may need more or less cash at hand, depending on the number of people in the household and are advised to hold cash in several different denominations.
Alongside cash, consumers should also hold both Visa and Mastercard cards in case of disruption to one or other network.
From: Swedish central bank urges public to horde cash in case of payments disruption.
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“Discernment is a must when using AI, as they are coherence generators, not truth generators,” he said. “If we want to use AI safely as a society, we must all understand that one simple fact.”
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One survey from the UK suggests over one in three adults have used AI to support their mental health.
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Large language models will happily engage in role-play if they think that is what a user wants. Research released by AI start-up Anthropic in 2023 found that the LLMs that underpin chatbots often prioritised agreeing with a user’s perspective over being truthful.
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There’s also demand among Visa and Mastercard’s issuers. Forty-seven percent of banks say their institution’s clients were asking for general information about cryptocurrency, while 35% said clients were asking for the ability to make payments using cryptocurrencies, according to research from American Banker. Another 27% of banks report customers are asking for institutionally provided custody of digital assets.
From: Mastercard, Visa make deals to jolt stablecoins | PaymentsSource | American Banker.
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Amazon (AMZN.O), opens new tab said on Monday some of its data centers in the United Arab Emirates and Bahrain were damaged by drone strikes in the Middle East conflict, disrupting cloud services and making a recovery “prolonged”.
From: Amazon cloud unit’s data centers in UAE, Bahrain damaged in drone strikes | Reuters.
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OpenClaw’s channels are excellent at delivery. A2H adds the trust layer: proof that a human approved, proof of what they approved, and proof of when they approved it.
From: How to Use the Agent-to-Human Communication (A2H) Protocol with OpenClaw | Twilio.
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Bungling Gibbs gave away his identity by using a Lime bike to travel to the shop – booked via his bank account.
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Today I read a piece from Noelle Achesonon “tokenized money market funds get more money-like” talking about what see calls a “seemingly small technical regulatory tweak with a potentially huge impact”, which is the SEC exemption for WisdomTree’s tokenized money market fund WTGXX that allows it to be traded by an authorized broker-dealer at $1.
Why is this a big deal? Because it means the fund can change hands without requiring an underlying the portfolio adjustment, removing an arguably unnecessary point of market friction. And since any sale or purchase of WTGXX does not need to wait for end-of-day pricing, it can trade at any time.
What’s more, since WTGXX accrues yield continually throughout the day – unlike typical MMFs that get returns calculated once a day – investors can use the token for intraday yield.
For now, this is only available to institutional investors, but the firm has plans to roll it out for retail participants later this year.
From: (7) Tokenized money market funds get more money-like | LinkedIn.
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