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As J. P. Koning observed, the standardisation of global payments through ISO 20022 is happening at the same time that 365/24/7 instant payment systems for retail use are being introduced by central banks around the world.

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This proliferation of messaging standards is a global phenomenon. The U.K.’s multiple payments systems each use a different one. The Faster Payments Service uses a modified version of ISO 8583, BACS (the U.K.’s ACH system) uses Standard-18, and CHAPS (its large value payment system) uses the SWIFT MT messaging format.

From J.P. Koning: The Standard About to Revolutionize Payments – CoinDesk:

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Dorsey said he expects his recently established nonprofit Blue Sky, which is in the midst of recruiting “a team of up to five architects, engineers, and designers,” to create a public blockchain platform and open Twitter protocol.

From Bitcoin And Blockchain Are The ‘Future’ Of Twitter, CEO Jack Dorsey Reveals:

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Jack Dorsey is one of bitcoin’s biggest proponents in Silicon Valley.

Dorsey, who earlier this month said bitcoin is “probably the best” native currency of the internet, has previously gone as far as saying bitcoin has the potential to be the world’s sole currency by 2030.

From Bitcoin And Blockchain Are The ‘Future’ Of Twitter, CEO Jack Dorsey Reveals:

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Kumar also said Amazon is discussing with potential partners the idea of linking palm scans with building IDs to replace office ID cards, or with event tickets for stadiums or arenas

From Amazon introduces new hand-scanning payment option in its stores – Vox:

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Of course, who will provide the apps themselves is a different matter. And here is where I expect to see competition and innovation. If we look to somewhere that went contact-free some time ago, we can already get some idea of the possibilities. Wei Zhihong of UnionPay International highlights the interesting example of large mall that enabled consumers to buy from the merchants inside using its own app. Shoppers could then easily access all the brands they wanted and it was also good for the merchants who were able to sell through the app, giving them an added incentive to locate in the mall.

As Wei Zhihong of UnionPay International recently said, the pandemic has boosted demand for indoor entertainment with consumers spending more time and money on music, movies and games: Unionpay transactions at the world’s top online game stores have multiplied “several times” during the pandemic. 

The British government’s “Making Tax Digital” (MTD) initiative is the future for all UK taxes and for all UK taxpayers. This won’t be achieved by the tax authorities developing more sophisticated platforms but by them providing API access to software used across the marketplace (I used Quickbooks, for example, to submit my VAT returns).

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Prime Minister Scott Morrison said on Tuesday that $256.6 million would go towards GovPass, the whole-of-government federal program that aims to eventually provide identity verification across a range of government and private sector services.

From Troubled digital ID scheme gets another $250m – InnovationAus:

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After receiving a tip from a local resident, police in the province of Binh Duong raided a warehouse on Saturday, where they confiscated nearly 800 pounds worth of bags filled with roughly 320,000 recycled condoms. The condoms had been boiled, dried, reshaped with a wooden prosthesis, and were going to be put up for sale. Officers arrested the warehouse owner, a 34-year-old woman who said she received a monthly delivery of used condoms from an unknown person, and that she was paid 17 cents for every two pounds of condoms that she recycled.

From Police Bust Massive Condom ‘Recycling’ Operation in Vietnam:

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