A library of snippets
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The real solution is secure currencies — or “flatcoins” — such as the one my company is developing. These differ from most stablecoins that are ostensibly pegged to one asset. Instead flatcoins are backed by a basket of different assets that aim to produce returns in line with a goal such as matching inflation. Flatcoins reflect the value of the underlying basket of assets.
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Business that use open banking for payments report an average annual saving of 150 hours usually spent on operational tasks such as processing invoices and financial data, recurring payments and processing refunds, new research from NatWest reveals.
From: Businesses measure the benefit of open banking payments.
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During Austria’s ski competition, Hahnenkamm Races, Boss worked with Mastercard and wearable payment-tech provider Digiseq to develop a custom tag for its ski jackets that combined multiple contactless technologies and a web app for customers to tailor their experience. VIP guests who were gifted the jackets could tap the tag on its sleeve to access the event, the ski resort, the lifts and log in to a physical pop-up store, in addition to making contactless payments.
From: Ski lifts and instant resale: New ways to use digital IDs | Vogue Business.
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Digital twins, which rose to the mainstream during the metaverse boom, are gaining new steam in the form of digital IDs, or product passports (DPPs), that store data including manufacturing details, supply chain origins, materials used and ownership history. It’s no longer a “nice to have” for fashion brands — it will soon become a requirement.
Starting as early as 2026, the European Commission will require brands selling in the EU to equip items like apparel, accessories and electronics with DPPs in order to make supply chains more transparent and enforce brands to meet their sustainability goals. Brands currently testing the technology are figuring out ways for it to collect customer data and add perks beyond the point of purchase.
From: Ski lifts and instant resale: New ways to use digital IDs | Vogue Business.
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One-in-three consumers falling victim to APP fraud – Visa
From: One-in-three consumers falling victim to APP fraud – Visa.
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Biometric card company Zwipe is backing out of the payments market following disappointing uptake of its fingerprint-powered contactless cards.
From: Biometric card pioneer Zwipe backs out of payment card market.
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Police in Germany have provisionally seized 50,000 bitcoin (BTC) worth $2.17 billion, calling the action its largest cryptocurrency seizure ever, according to a police statement.
The claim is related the operation of a piracy website in 2013 that violated the Copyright Act. Proceeds of that venture were then converted to bitcoin. One of the two suspects voluntarily transferred the bitcoin to the Federal Criminal Police Office (BKA), the statement said.
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The new technocrats claim to embrace Enlightenment values, but in fact they are leading an antidemocratic, illiberal movement.
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For context, some of the other ETFs that have been approved by the SEC include the “God Bless America” ETF (ticker: “$YALL”), an anti-woke “investment for God-fearing, flag-saving conservatives”; the “Inverse Cramer” ETF (SJIM) that aims to invest in the opposite of whatever TV personality Jim Cramer recommends; and a “VICE” ETF (VICE) that invests in “vice-related business activities”.
From: Crypto may have become boring, but it still isn’t legit.
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The bigger story behind the listing of bitcoin-linked ETFs in the United States is that it is a small step in a long journey to the increased use of digital assets.
One can be a believer in the broader thematic of digital assets and tokenisation, while being a cynic of bitcoin and other private cryptocurrencies that have no underlying assets backing them.
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