A library of snippets
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The Council of the European Union has introduced changes to a proposed package of legislation to establish a legal basis for issuing mobile driver’s licenses into European Digital Identity Wallets.
From: EU Council proposes launch of mobile driver’s licenses for digital wallets | Biometric Update.
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As a performer, Razzlekhan was both hypersexual and aggressively unappealing.
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UK Finance’s report said “cash payments increased for the first time in a decade”, adding that the number of payments made using physical cash increased by 7% last year, compared with 2021, to 6.4 billion payments.
But, due to the higher total volume of payments made last year, the share of payments made using cash still fell slightly, from 15% to 14%.
Cash remains the second most frequently-used payment method, although a decade ago, more than half (54%) of all payments were made with cash.
By 2032, UK Finance expects cash use to halve, resulting in less than 7% of payments being made using cash.
From Number of cash payments rises for first time in a decade | The Independent.
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Nearly nine in 10 European consumers using a contactless payment ring say that it is their preferred method for making contactless payments (89%) compared with smartphone payments (49%) and payment cards (44%), according to a Mastercard survey.
The survey comes as Mastercard partners with Intesa Sanpaolo bank to roll out a contactless NFC payments ring in Italy, enabling users to connect the device to their bank-issued Mastercard payment card and use it to make contactless payments at the point of sale.
“Payment rings represent a further step towards the spread of the internet of things,” Mastercard says. It adds that the key drivers for consumer adoption are “the desire to make payments quickly (82%), to be at the forefront (69%) and to be fashionable (31%)”, with nearly one in three older users also citing safety reasons (32%).
From: Nine in 10 payment ring users say it’s their favourite way to pay • NFCW.
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A complete collapse of trust in the content we see and hear, because we can’t tell where (or how) it was made? Or by whom?
Also yes.
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Manuel Klein, Product Manager Blockchain Solutions and Digital Currencies from Deutsche Bank
The investigation phase has revealed that a potential retail CBDC will be based on a centralised infrastructure, hosted by the ECB, therefore Blockchain technology will most likely not be used. The Eurosystem has, however, experimented with an innovative token-based backend infrastructure which could allow digital Euros to be token-based and hence similar to physical cash which is also not account-based. The ECB has stated that transactions must be free for end-users. It will, however, be possible for intermediaries who process transactions to generate revenue. This will be achieved through merchant fees for the acquirer and interchange fees for the issuing bank.
Once a retail CBDC transaction is settled, the money will be credited, up to the maximum holding amount set by the ECB, to a recipient’s wallet. To prevent large liquidity outflows from the banking system, merchant wallets will always have a zero intraday and overnight holding capacity. Enterprises that accept digital euro transactions, will therefore immediately and automatically, have these funds ‘defunded’ to their regular bank accounts at a commercial bank. “The digital euro cannot be held and used as a form of payment for corporates and merchants,” Klein emphasised.
From: CBDCs in Europe: retail and wholesale projects to follow – Deutsche Bank.
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The investigation phase has revealed that a potential retail CBDC will be based on a centralised infrastructure, hosted by the ECB, therefore Blockchain technology will most likely not be used.
From: CBDCs in Europe: retail and wholesale projects to follow – Deutsche Bank.
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The investigation phase has revealed that a potential retail CBDC will be based on a centralised infrastructure, hosted by the ECB, therefore Blockchain technology will most likely not be used.
From: CBDCs in Europe: retail and wholesale projects to follow – Deutsche Bank.
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A woman in China was shocked to receive a 430,000-yuan (US$60,000) bill at a restaurant after accidentally posting the QR code for ordering food online, which others used to place food orders.
The woman, surnamed Wang, said she only wanted to post photos of the dishes from a hotpot restaurant she visited with her friend on November 23, but she accidentally included a QR code that was stuck to the table for ordering and paying for meals.
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Jose Alejandro Zamora Yrala, 35, is the founder of AOG Technics, a London-based company which allegedly supplied parts with forged safety paperwork that have ended up in at least 126 commercial aircraft engines around the world.
He was arrested at his home in London on Wednesday by officers from the UK’s Serious Fraud Office, which has opened a criminal probe into the scandal.
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Snippings