A library of snippets
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“As frictions to holding and exchanging multiple cryptotokens decrease any payment system and any financial flow whatsoever can easily extend to all existing cryptocurrencies. “
Platform currencies may soon be obsolete – The Blockchain Investments Blog
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Robert paid the first half of the $2,000 fee up-front — in Bitcoin. That’s when the consultant grew suspicious.
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one-in-ten contactless journeys on London’s buses and tubes now paid for by the likes of Apple Pay and Samsung Pay. The latest figures from Transport for London detail over one billion journeys on the transit network using contactless cards, with almost £2 billion spent by commuters since the cards were first accepted in 2012.
In total, 40% of all pay as you go journeys are now made using contactless. This is up from 25% in early 2016.
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Blockchain technology could reduce infrastructure costs for eight of the world’s 10 largest investment banks by an average of 30 percent, translating to $8 billion to $12 billion in annual cost savings for those banks, according to a new report by Accenture
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Distributed ledger technology (DLT) or blockchain has the potential to take away several pain points for financial institutions and regulators.
From Using Blockchain to Solve Regulatory and Compliance Requirements
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Mr Jansen says Worldpay can respond by selling extra services to its customers based on analysing all the data from the 41m transactions it handles on an average day.
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Alan Woodward, one of the security-wallahs that I take very seriously, pointed me to a new paper from the University of Luxembourg: “Guru: Universal Reputation Module for Distributed Consensus Protocols“.
We introduce reputation module Guru, which can be laid on top of various consensus protocols such as PBFT or HoneyBadger. It ranks nodes based on the outcomes of consensus rounds run by a small committee, and adaptively selects the committee based on the current reputation. The protocol can also take external reputation ranking as input.
Persistent reputation of pseudonyms is one of the key mechanisms that I think
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Virtual currencies like bitcoin are assets but bitcoin in itself does not have the fundamental attributes needed to be a currency that could meet modern economic development needs, a Chinese central bank adviser said.
From Bitcoin can be an asset but not currency – China central bank adviser | Reuters
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PSD2 and Instant Payments to drive a 37% decline in online card volumes by 2027 Boosted by increased consumer convenience, Instant Payments will overtake cards by 2025 Retail Instant Payments in Europe will hit €725bn in transactions by the end of 2027 Single card payments set to decline from 40% to 11% market share by 2027 Instant Payments will become one of the main online payment tools in Europe, accounting for roughly €338bn of direct online expenditure
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The nine percent rise in UK card fraud over 2015, topped the previous peak set in 2008 after the introduction of chip and PIN.
From Rise in online and mobile shopping drives card fraud transactions t…
CNP fraud is now almost three-quarters of total card fraud, which is what you’d expect given the use of the chip and PIN.
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