A CONFESSION Let me start with a painful admission: I was wrong. My obtuse stance on developing a Pakistani equivalent of PayPal is now coming back to haunt me. For years I have been advocating that PayPal should come to Pakistan. For 11 straight years I wrote my annual letter, aptly titled: An Open […]
So many people whom I know are exceptional dressers, get this very basic buttoning up process wrong.
If you ever wanted a snapshot of what’s going with Cards & Payments in the Middle East, this report by Terrapinn is a great concise read. The report in PDF format can be downloaded from here (Size: 1.6 MB)
Ever wondered how you credit card transaction works? Here is a great overview infographic of the transaction, provided by MasterCard. Image Source.
The Guardian did a recent post, that was very well presented, showing the visual map of remittance transfers all over the world. The date used in the above graph comes from the Bilateral Remittance Data as published for 2011 by the World Bank. The original article in full can be read here: Where does the money […]
Today was a historic trading day, when Bitcoins for the first time equalled (nearly) the price of Gold. This particular trade chart is for Mtgox.
A lot of people have asked what is this with Bitcoin pundits claiming that the US Dollar is losing its Buying power and that this is something that Bitcoin doesn’t have, i.e. inflation, since the supply is limited. The above graph is an excellent visual representation of the Money Supply Growth vs Dollar’s Buying Power […]
My answer on Quora on Why did the US Fed speak so favorably about Bitcoin and other digital currencies when they are a direct threat to the banking industry?