Digital Financial Disruption.
As seen on XRP Talk. Sums up digital financial disruption rather well.
Banking & Finance
Mobile Money in Developing Countries.
Came across this article in The Economist on Mobile Money in developing countries. Makes me question how long will Kenya hold on to its lead. Tanzania is catching up fast, and South Asian countries are almost non-existent.
Why Micropayments are not happening? Blame your banker?
In my previous article on Small Value Remittances, I highlighted the huge market potential of being able to make small value transfers, be it domestic or cross-border. No one truly knows the market size for small-value payments, for there isn’t a true data set to which we can compare.
Multichannel Customer Engagement = Stellar Customer Service
One would imagine in 2014 we would have stellar customer service online when it comes to banking. How difficult is it to get proper (read: on-time and on-target) customer support? The answer: Quite Difficult.
The Great Money Transfer Gold Rush
If you had asked professionals in the Fintech space about 7-8 years ago, what the word remittances meant, you’d be hard pressed to find people who could accurately define it for you. Just for the record: I was one of them.
How Small Value Remittances can increase transactions in an economy.
Introduction This article discusses the ability to make small-value remittances, across border in a seamless manner, without incurring any high-costs that are typically associated with cross-border money transfers. These micro or small-value transactions can literally uplift economies. There are (in my opinion) Billions of Dollars worth of transactions, waiting to happen, if the framework for …
How Small Value Remittances can increase transactions in an economy. Read More »
What recourse do Bitcoin companies operating in the US have in light of the recent ruling by FinCEN?
On October 27, 2014, the Financial Crimes Enforcement Network (FinCEN) released new guidance for custodial bitcoin exchanges and payment processors, ruling that such companies may be considered money services businesses under US law. The past couple of days have been very hectic. Besides fielding calls from lots of people, everyone is asking the same …
FinCEN’s new ruling puts Coinbase, Bitpay, Circle and others in deep trouble.
The US Financial Crimes Enforcement Network (FINCEN) released its opinion on: Request for Administrative Ruling on the Application of FinCEN’s Regulations to a Virtual Currency Payment System yesterday (27th October 2014). The ruling which is an update to an earlier ruling of October 2013, in which only Bitcoin Exchanges were subject to the Money …
FinCEN’s new ruling puts Coinbase, Bitpay, Circle and others in deep trouble. Read More »