Snippings

xxx

Monero is structurally more fungible than Bitcoin. Every coin is indistinguishable from every other coin.

From: I Asked Four AIs What Cryptocurrencies Are Better Than Bitcoin — And They All Agreed | by Joseph Orefice | Coinmonks | Medium.

xxx

xxx

Visa has rolled out Visa Flexible Credential (VFC) on Zilch cards in the UK, in collaboration with issuer processing platform Thredd.

From: Visa Flexible Credential debuts on Zilch cards in UK rollout – GlobalData.

xxx

xxx

Today EU banks can’t accept an identity credential from another market (their banking regulator won’t let them).

From: DPCs Great Idea with a Long Way To Go | Noyes Payments Blog.

xxx

City of London

xxx

Digital Payment Credentials (DPCs) within Agentic(ie Gemini, GPay). The quick summary is that DPCs are an amazing technical innovation without a commercial framework or active governance, and thus will be challenged to operate separately from established networks (just like Stablecoins).

From: DPCs Great Idea with a Long Way To Go | Noyes Payments Blog.

xxx

The Britsh government’s “National Payments Vision” says that resilient infrastructure is “a pre-requisite to a healthy ecosystem and is essential for trust”, which is of course true. It also says that the infrastructure for world-leading payments (although I’m not clear what this means: fastest? cheapest? most transparent?) must be resilient and support innovation. I’m sure we would all agree. But what does resilience mean?

xxx

Just 4 in 10 vulnerable customers say they have disclosed their needs to their financial services provider, new research commissioned by the FCA shows.

However, those that do open up tend to have better experiences. Three quarters of vulnerable customers who told their firm about their circumstances (74%) said that staff asked the right questions to understand their situation, 6 in 10 (57%) said their firm ‘cared’, and 58% said their firm took action to provide support they needed.

Anyone can become vulnerable due to health, life events, ability to withstand financial or emotional shocks, or because of poor financial or digital literacy.

The research finds that vulnerable customers are more likely to report a negative experience with financial services firms, such as their bank or insurer, when compared to non-vulnerable customers.

The FCA issued guidance to help financial services firms support consumers in vulnerable circumstances in 2021 and introduced the Consumer Duty in 2023, which requires firms to deliver good outcomes for all customers, including those in vulnerable circumstances.

From: Vulnerable customers encouraged to open up to firms to get the right support | FCA.

xxx

Amazon Web Services (AWS) has teamed up with Stripe and Coinbase to provide payment rails and wallet infrastructure to enable AI agents to autonomously access and pay for MCP servers, web content and other agents. Developers can connect their agent to a wallet or payment service provider, register a funded payment source and set spending limits per session. When the agent encounters a paid resource during execution, AWS AgentCore handles protocol negotiation, retries, and payment, routing the transaction through the appropriate provider without interrupting the agent’s reasoning loop.

xxx

Founded by Revolut alumni Maria Marti and Thibaut Grenverier, Fivw IDs latest funding round follows an earlier $2.5 million pre-seed financing.

Already live at shops, restaurants and gymns across the UK and Ireland, Five ID enables users to connect their credit cards, bank acounts, loyalty programmes and gymn membership to its biometric authentication platform.

From: Palm payments startup Five ID raises $6 million.

xxx

xxx

two of the six credit unions that failed last year — Unilever Federal Credit Union in New Jersey ($49M in assets) and Aldersgate Federal Credit Union in Illinois ($3.5M) — were taken down by internal fraud.

From: This Week in Fraud (5/12).

xxx

xxx

the FTC received 3 million fraud reports in 2025 with total reported losses of $15.9 billion — up from $12 billion the prior year. As a reminder, these are reported losses only; the actual figure is a multiple of that.

From: This Week in Fraud (5/12).

xxx