Snippings

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And a citizens’ movement in Switzerland has managed to enforce a plebiscite on the introduction of Sovereign Money to be held on 10 June 2018.

From Bitcoin, Vollgeld, and popular views of money | VOX, CEPR’s Policy Portal.

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“TSB has made another major blunder by cancelling some ex-customers’ direct debits and telling the firms they were paying they died. Those affected switched from TSB using the Current Account Switch Service, which was supposed to copy over direct debits to their new bank.”

From “TSB cancelled direct debits of customers and told firms they died | Daily Mail Online”.

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“Others complained that big tech companies were piggybacking on the work done by banks, such as the compliance checks they do when opening accounts.”

From “EU bankers step up warnings on threat from big tech”.

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“it was only that the goods would be delivered to whoever presented the right codes, and it did not undertake to deliver them to Steinweg or Glencore”

From “MSC Mediterranean Shipping Company S.A. v Glencore International AG [2017] EWCA Civ 365 (24 May 2017)”.

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Marc R. Benioff, Chairman and Chief Executive Officer, Salesforce, USA “Trust is a serious problem, we have to get to a new level of transparency – only through radical transparency will we get to radical new levels of trust.”

From 17 quotes on the future of technology from Davos 2015 | World Economic Forum.

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According to a report in the Irish Independent newspaper, mortgage applicants now have to sign a consent form allowing the bank to check their social media accounts.

The banks says that this “helps us to understand your behaviour”. however mortgage brokers that spoke to the Independent have hit out at AIB accusing it of playing “Big Brother with their social media information”.

From Irish bank caught in social media spying storm.

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users should arrange for the use of alternative end-to-end secure channels, such as Signal, and temporarily stop sending and especially reading PGP-encrypted email.

From Attention PGP Users: New Vulnerabilities Require You To Take Action Now | Electronic Frontier Foundation.

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Jonathan Larsen, CIO of Ping An Group and Chairman and CEO of Ping An’s VC arm Global Voyager Fund, explained that massive value-creation opportunities arise when we reduce or eliminate frictional costs (in mortgage creation, for example). He put forward the view that today’s ICOs (“tokens minus the assets”) will be superseded by “tokens with assets” that will help solve the world’s friction problems. He foresees a data economy where the ability to create value out of data use-cases is more important than traditional distribution, brand, physical assets and even capital itself.

From Money20/20 Asia Day Three snapshot | FleishmanHillard in Hong Kong.

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Paris on Saturday officially launched a local currency that can be used alongside the euro in local shops and businesses.

From Paris launches local currency – Economy – RFI.

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Today, shell money has been replaced by the almighty US dollar for day-to-day transactions like grocery shopping. But for more conceptual exchanges, like rights or customs, stones remain a vital currency for Yap’s 11,000 residents.

From BBC – Travel – The tiny island with human-sized money.

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