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Sveriges Riksbank governor Stefan Ingves called for the government to change the law to make sure cash is still used in the Swedish economy.

“I believe that stronger legal protection for cash could slow down the decline in its use,” said Ingves in a speech today (October 15). “If it were to be established by law that one was forced to accept cash in Sweden, more of us would probably choose to have cash in our wallets.”

From Swedish governor calls for laws to protect cash use – Central Banking:

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Even faster is Exxon Mobil Rewards+ mobile app, which enables payment from within the car and gives loyalty points as well.

From ExxonMobil Pumps Up Contactless Payments | PaymentsJournal:

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Such use cases would require more work on the blockchain technology underlying the CBDC, Coeure said.

From Benoit Coeure Reveals BIS Plan for CBDC Trial Starting in 2020 | Nasdaq:

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A complete failure of all payment transactions within the Target2 system was experienced for several hours on Friday, with backup systems and contingency modules also initially unable to function.

From Target2 experiences total system failure, Sepa payments delayed:

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Although the NPA will replace the Bacs and Faster Payments rails (and possibly, in time, the cheque imaging system) the architecture will still operate alongside the card processing rails which creates an inherently large overall cost base.

In addition, given the rapid decline in cash usage the industry faces a growing cost challenge of maintaining the cash supply network which perhaps will lead to the creation of a utility csh supply mechanism.

From The UK’s Payments Landscape – Payments, Payments, Payments:

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A broad mix of payment options that are increasingly digital but have options such as cash and cheques within the mix should be our goal.

Consumers should be able to decide for themselves how they pay. For us, it is important to have a broad mix of options and that efficient methods for payment are available

Burkhard Balz, Bundesbank, Germany.

From The UK’s Payments Landscape – Payments, Payments, Payments:

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As Jack Ma put it, perhaps it is time to move from a “pawnshop” model of banking that is based on collateral to an alternative model based on big data.

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Ma said the Basel Accords, which use a labyrinth of indicators to control risk and are used by regulators worldwide, had been designed by “a club of old people” and questioned whether China needed to follow them religiously.
He argued that China’s biggest problem was the lack of a functioning financial system and compared them to giving a patient the wrong medicine.
“The symptoms of Alzheimer’s and polio may look similar, but they are two completely different diseases. If a child takes Alzheimer’s medicine to cure polio, there will be many new problems,” Ma said.
“The Basel Accords are intended to treat diseases of an ageing banking system, it is a medicine for old people … but China’s financial system is still in its youth.”

From Jack Ma urges financial regulation reform on eve of Ant Group’s ‘biggest IPO in history’ | South China Morning Post:

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Jack Ma, the Chinese billionaire behind Alibaba and Ant Group, has questioned whether international financial regulations are suitable for the Chinese economy and suggested traditional banks should change their “pawnshop” operating model.

From Jack Ma urges financial regulation reform on eve of Ant Group’s ‘biggest IPO in history’ | South China Morning Post:

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Digital currencies may play an important role in building the type of a financial system that will be needed in the next 30 years, Ma said.

“Digital currency could create value and we should think about how to establish a new type of financial system through digital currency,” said Ma.

From Jack Ma Blasts Global Financial Regulators’ Curbs on Innovation – Bloomberg:

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