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Mark Zuckerberg announced on Wednesday that Facebook Pay has officially become Meta Pay, but his post is mainly focused on what the company hopes to build in the future — “a wallet for the metaverse.” While Meta Pay is essentially the same tool as it was before, just with Meta branding, Zuckerberg says the company is working on something that will let users manage their identities, items, and payment methods while making their way through the digital world that Meta bets will be the future.

From Zuckerberg details his plan to move your digital items across the metaverse – The Verge:

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Petvation, though, says its smart door uses facial recognition software and machine learning to automatically slide upwards when your pet is spotted and then close behind them.

Petvation claims its new door is so smart that pet lovers can keep dogs out and let cats in, or vice versa. It even warns you via a connected app if unwanted critters like skunks attempt a break-in, and it can also tell you if your pets brought unwelcome friends — like all those mice your cat keeps trying to get you to eat.

From Smart Pet Door Uses Facial Recognition to Keep Strange Animals Out.

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There’s a strong link between digital identity and instant payments.

Being able to verify customer identity digitally will be critical when Canadian financial institutions launch the Real-Time Rail instant payments service in 2023

From How banks are shaping Canada’s digital ID infrastructure | PaymentsSource | American Banker.

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Distributed ledgers, smart contracts, and digital identities may allow new forms of risk management that shift the distribution of costs.

From Speech by Vice Chair Brainard on crypto-assets and decentralized finance through a financial stability lens – Federal Reserve Board.

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BPEA Conference Drafts, March 24-25, 2022
Cryptocurrencies and Decentralized Finance (DeFi)
Igor Makarov, London School of Economics Antoinette Schoar, MIT Sloan; NBER; and CEPR

 

We highlight that there are ways to regulate the DeFi system which would preserve a majority of features of the blockchain architecture but support accountability and regulatory compliance. These solutions would rely on a system where validators on the blockchain agree to check if a particular address belongs to a certified entity and validators would be charged with only processing transactions that involve certified addresses.

From .

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A crook posed as a G4S security guard to trick bank staff into handing over cash boxes with £150,000 inside.

The criminal strolled into a Santander’s Brixton branch in a uniform kitted out with both a helmet and visor, although sources claimed it wasn’t even a G4S uniform.

The man reportedly showed a fake ID and took two boxes at once, which is against regulation.

From ‘Bank robber’ walks out with £150,000 after telling Santander staff he was a G4S security guard | Daily Mail Online.

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Centralised Wallets give companies unparalleled access and insights via user data. Please think carefully before you signup.

From ☕️ 🟣 Samsung Pay • Fractional CMO • AI Ethics Committee • Digital Tokens.

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Meta’s ending the pilot for Novi, the company’s digital wallet and the last remaining piece of its troubled cryptocurrency project, as first reported by Bloomberg. On Novi’s website, Meta says the wallet is shutting down on September 1st, 2022, and asks users to withdraw their funds “as soon as possible.”

From Meta’s shutting down its digital wallet, Novi – The Verge.

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“I think it’s very unlikely that any of us would issue a retail CBDC as a bearer instrument. (…) It would probably be some form of account-based instrument.”

From Bank of England dismisses using digital pound like cash; Here’s why.

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A critical Ethereum security assumption is that smart contract code is immutable and therefore cannot be changed once it is deployed on the blockchain. In practice, some smart contracts can change – even after they’ve been deployed. With a few clever tricks, you can create metamorphic smart contracts that “metamorphose” into something else – and by understanding what makes them possible, you can detect them.

Metamorphic smart contracts are mutable, meaning developers can change the code inside them.

From A Tool for Detecting Metamorphic Smart Contracts – a16z crypto.

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you can actually be at risk from a quantum computer, even though a quantum computer does not yet exist. This is often called “harvest now, decrypt later.” It’s the idea that your enemy could copy your data, which is encrypted, and they can hold onto it right now. They can’t read it. But maybe a quantum computer comes out in 10 years, and then they can get access to your data. If the information you’re protecting is valuable enough, then you’re already in trouble because of that threat.

From What Is the Future of Quantum-Proof Encryption? – IEEE Spectrum.

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