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Commercial banks would then be at risk of losing both the funds and the relationship of their customers.

From Bank of America Says UK CBDC Would Be More Than a Digital Form of Cash:

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Despite much rhetoric and progress on paper, the UK remains a safe haven for dirty money, a great deal of which comes from Russia and Eurasia. As we have shown, it is not just money that is laundered, but also reputations.

From 06 Conclusion and recommendations | Chatham House – International Affairs Think Tank:

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Cross-Border Interbank Payment System, run by CIPS Co. Ltd. and launched by the central bank in 2015 to settle international claims in yuan, will increase the number of direct participating banks using the system to nearly 80 by the end of this year from the current 71, Xu Zaiyue, chief executive officer of CIPS, said in an interview.

From China’s Fledgling Cross-Border Payments System Grows Its Reach – Bloomberg.

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The average daily transaction volume of CIPS reached 317.2 billion yuan ($49 billion) in August, up from about 190 billion a year ago, according to data provided by the company. It had 1,144 indirect participating banks in 103 countries by the end of August, of which 531 were located within mainland China.

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The first is radio frequency identification (RFID) tokens, such as bracelets, watches, rings and other wearable devices, that verify gun users based on proximity to the token.

The second is biometric recognition technology that activates a gun after identifying biological features like a fingerprint, palm print or grip.

From Personalized smart guns, which allow only verified users to shoot, may become available in US.

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In Togo, a nation of about 8 million people where the average income is below $2 a day, it took the government less than two weeks to design and launch an all-digital system for delivering monthly payments to about a quarter of the adult population. People […] with no tax or payroll records, were identified as in need, enrolled in the program, and paid without any in-person contact.

From Togo Made a Digital Government Stimulus System In Two Weeks – Slashdot.

Using mobile money, of course, not Bitcoin or such like.

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Some residents have been taking advantage of a government program providing free electricity to mountain regions, with the aim of keeping the remote communities alive, and using the subsidized power to churn out virtual money in their medieval towers.

From Georgia’s mountainous cryptocurrency problem | Eurasianet.

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The average person uses 9 mobile apps per day and 30 apps per month.

If the average smartphone user has 80 apps on their phone, this means that more than 62% of those apps don’t get used every month.

What does this mean? It’s simple. People are downloading apps and not using them. In fact, 25% of apps are used only once after being downloaded, and then never used again.

From Mobile App Download Statistics & Usage Statistics (2022) – BuildFire.

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When BBVA first announced their decision to increase the focus on the financial wellness of customers, they explained that they would leverage data to provide personalized insights and provide custom recommendations.

From BBVA Sees Results From Commitment to Financial Wellness.

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The positive impact on satisfaction, loyalty and sales are all testament to the importance of meaningful engagement with customers. According to the bank, the NPS (Net Promoter Score) for users of BBVA’s financial health tools is 38.6 compared to 29.2 for customers who do not use them. In addition, the probability of losing customers who use the financial health functionalities was found to be 1.28 points lower than that of non-users.

Finally, between January and November 2021, BBVA sold a total of 1.4 million financial products via digital channels in one of their significant regions served (Spain). Of these, around 172,000 sales were made from the bank’s financial health tools, representing 12% of the total amount.

From BBVA Sees Results From Commitment to Financial Wellness.

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A new study has found the value of transactions made over prepaid cards will exceed $4.1 trillion globally in 2026; up from $2.3 trillion in 2021 – a substantial growth of 75%.
By 2026, prepaid card transaction value will be just over 50% higher than that forecast for contactless payment transactions; illustrating the importance of this market.
The growth will be driven by the ongoing replacement of cash, as economies move increasingly towards digital payments.

From Prepaid card transaction value to exceed $4.1 trillion Globally.

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“For us, the business model in the metaverse is commerce-led,” Nick Clegg, Meta’s head of global affairs told the FT during a recent interview. “Clearly ads play a part in that.”

From Facebook patents reveal how it intends to cash in on metaverse | Financial Times.

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