Snapchat and Square recently announced “Snapcash”. This service enables to exchange money directly between two persons (so called P2P: person to person) right from the Snapchat app prompt line. At [...]
Mintchip and cryptocurrcies urge us to better understand how money and payments relate. We have taken both for granted as separate topics; but they are like two sides of the same coin. Mintchip can provided useful insights in existing payment practices.
Walking to the office this morning it struck me that the evolution of (physical) currency in relation to payments could show us the long term development of digital money as well: step by step the currency has been developing until at a certain moment in time the transaction will be done directly between the payer and the payee.
A year ago, in march 2013, the US Department of the Treasury Financial Crimes Enforcement Network (FINCEN) published a paper FIN-2013-G001 on crypto currency defacto regulating bitcoin in the US [...]
The removal of the middle man function in an exchange based on the bitcoin protocol does not automatically lead to the disappearance of the companies (and their interests) performing these today. The middle man function will slowly but surely erode with the advent of the bitcoin protocol, the middle man of today (parties) will be the gate(way)keepers of tomorrow.
(4 minutes reading time) Basically we only know a few things about Clinkle. Firstly it is a payments start-up based in San-Francisco promising “something that’s fundamentally different from everything else [...]
(3 min. read) Yesterdays post dealt with MintChip, the new Canadian digital currency based on a secure element on a chip to make payments. The novelty of this scheme is [...]
(4 min. read) FinExtra today covers the introduction of the MintChip in Canada: “Royal Canadian Mint demos digital currency.” Questions arise: why are we talking currency here? what is “digital [...]
Finextra: Bitcoin exchange MT. Gox introduces account verification: In a statement on its Web site about the new verification system, MT. Gox says: "The Bitcoin market continues to evolve, as [...]
Now, with the media hype about bitcoin residing a little over the last two weeks it is time to get into the reflective mode. Today Leika Consult releases the first [...]
What we today perceive as money is the result of thousands of years of evolution. And looking at history, why we would be the “lucky guys” to live in the [...]
The article of Felix Salmon ”The Bitcoin Bubble and the Future of Currency” triggered me to write a series of posts on Crypto-currency at Red Planet Dust (see part 1). [...]
(This is part 3 of an article on crypto-currencies at Red Planet Dust. See for Part 1, Part 2) Human collaboration is based on trust. We do not have a [...]
(This is part 2 of an article on crypto-currencies at Red Planet Dust. See for Part 1) Many call Bitcoin “digital money” but not all types of digital money are [...]
While aware of bitcoin for some time being professionally involved in payments, my interest in bitcoin was triggered when I had the opportunity to discuss bitcoin backgrounds and developments with [...]
Payments are about the logistics to transfer money (value) from one to an other. Governments have long tried to control the mechanisms to pay as payments are an important part [...]
We have a real digital currency like Bitcoins and we have seen the emergence of "pseudo money" like Amazon Coins, or Facebook Credits. These two are totally different and should [...]
Whenever I talk to people within the payments industry about Bitcoin the absence of a central issuer and the regulatory void it is operating in will be one of the [...]
[translation original post] Bitcoins are like digital paper banknotes without the paper (NB Paper banknotes are numbered, coins are not numbered, bitcoins ARE numbers). An oxymoron seemingly, but it is [...]