A library of snippets
xxx
“To address the leakage, Russia built two huge data centres and legislated so that companies had to submit every invoice between businesses. It also mandated every retailer to buy new cash registers that were linked securely and directly to the data centres.”
From “Russia’s role in producing the taxman of the future | Financial Times”.
xxx
xxx
“Brick-and-mortar businesses, a.k.a. ‘any place of business operating at a fixed, permanent physical premises,’ must accept cash in San Francisco. They may not charge a fee or place any other conditions on its acceptance of cash.”
From “SF ‘Cashless Ban’ FAQ: How to pay cash at Amazon Go, and more questions answered – SFGate”.
xxx
xxx
“‘It’s easier to order there,’ she motioned to self-ordering kiosks that accept credit cards.”
From “Cashless SF stores now must take cash: ‘They’re not making it easy’ – SFChronicle.com”.
xxx
xxx
“Apple’s VP of Apple Pay Jennifer Bailey today announced a new NFC feature for iPhone: special tags that trigger Apple Pay purchases when tapped”
From “Apple announces support for Apple Pay NFC stickers, partners with Bird scooters and more – 9to5Mac”.
Alternative to QR coes
xxx
Financial hegemony has been indulged for a long time. Groups with first-mover advantage have been enjoying the monopoly benefits brought by financial hegemony. The strong are strong and strong; while more regions and individuals often pay a lot of hard work, but they are just making wedding dresses for others. The weak are weak. Coin Hope hopes to use the technological innovation power given by the times to instigate a new currency journey and create an independent “regional version of Libra”, which we call “Venus”.
xxx
xxx
“In a typical election setting with secret ballots, we need:
enforced secrecy: a way for each voter to cast a ballot secretly and no way to prove how they voted (lest they be unduly influenced) individual verifiability: a way for each voter to gain confidence that their own vote was correctly recorded and counted. global verifiability: a way for everyone to gain confidence that all votes were correctly counted and that only eligible voters cast a ballot.”
xxx
xxx
“According to Nomura each new Apple Card user is costing Goldman around $350, which they estimate will take four years for the bank to recuperate those costs and start becoming profitable.”
From “Analysts report Goldman Sachs is paying around $350 for every Apple Card member | iMore”.
xxx
xxx
“Specifically, we highlight the potential for private digital currencies to improve welfare within an emerging market with a selfish government. In that setting, we demonstrate that a private digital currency not only improves citizen welfare but also encourages local investment and enhances government welfare.”
xxx
xxx
“Most people also still need to bring their IDs in the wallets when driving (or going out). Government-issued identification will probably be the most difficult thing in the wallet to digitize”
From “Apple is going to be the company that kills the wallet — Quartz”.
xxx
xxx
“In June the Financial Action Task Force (FATF; pronounced ‘fat F’) published a much anticipated, technically nonbinding guidance detailing expectations of how its 37 member jurisdictions should regulate their respective ‘virtual asset’ marketplaces. Here’s the contentious part: whenever a user of one exchange sends cryptocurrency worth more than 1,000 dollars or euros to a user of a different exchange, the originating exchange must ‘immediately and securely’ share identifying information about both the sender and the intended recipient with the beneficiary exchange. That information should also be made available to ‘appropriate authorities on request.’”
From “New Guidelines Significantly Impacting Cryptocurrecy Exchanges | PaymentsJournal”.
xxx
Snippings