The relationship between the blockchain and the internet of things may turn out to be especially rich because the blockchain means that the virtual world can be constrained to be like the physical world.
I don’t know why people in the virtual currency community focus on making digital money “legal tender”. Many people don’t know what it means and it really doesn’t matter anyway.
The Minister says that customers should have account number portability so that they can switch provides just like they do with mobile phone numbers. But banks accounts don’t have SIMs, so here’s what we should do.
It’s hard enough to spot a counterfeit banknote when you use them all the time, but how often do I use a €20 or a £50 or a $100? Best to avoid them, in my opinion.
The government is to “call for evidence” on banking APIs, but I think the evidence is pretty clear: they are going to play a major role in shaping the industry over the next 3-5 years whether the government does anything about them or not.
I’m convinced there’s going to be a re-localisation of payments. Regional, national, local, community, hyper-local? Who knows, but the universal, the international and the general solutions will need to deliver genuine added-value to compete with newcomers that focus.
Gift certificates and gift cards are going virtual, in which mode they are becoming money. Where might they go in the future?
The citizens of California find themselves in the vanguard of a new economy, the epicentre of a monetary revolution and so on and so forth. I wonder if they’ve noticed?
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