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Location

Winchester Uk

Member since

2011

Christopher Williams

Chairman at RTpay

Message Posts: 0 Comments: 59

Bio Chairman of RTpay - a not for profit company focused on improving remittances and aid payments. Consulting service on FX and transaction processing. Career History Banking, foreign exchange consulting, e.commerce, transaction processing

Christopher is Commenting on

JPMorgan estimates CBDCs could save corporates £100 billion in transaction costs

Good to hear such an optimistic forecast, but the question is 'how long will it take'? CBDCs should be a key element, but central banks are not noted for acting first or fast! It may be the market maker role in each country has to be commercial, at least in the beginning; in the same way as we are proposing for international remittances.

04 Nov 2021 Reply Read article

Coinbase ditches Lend programme after SEC warning

This unfortunate occurrence for Coinbase indicates one of two things; firstly, the US needs to finalize its overall approach to cryptos and who is to be the single authority to oversee all aspects. Secondly, if it is too limiting (and less than clear) the overall market risks moving offshore, even more than now. It's hard to understand how it took so long for the SEC to react on this issue of interest earning - and how aggressively it was managed. It is not as though it is a new issue within the overall crypto market.

21 Sep 2021 Reply Read article

Amazon developing POS to compete with PayPal, Shopify

The threat of Libra (Diem now) from over two years ago was expected to ignite other commercial solutions, apart from the governmental opposition. Whether Amazon's move on this - and the quoted Amazon TV linked to Alexa - are part of the response, possibly generated by the change of management - we will see. But it is good if it means lower costs and better service. When will Google and Apple join in the payments battle - and how much will it be across the globe, rather than US-centric?

13 Sep 2021 Reply Read article

Facebook's Marcus demands 'fair shot' for Novi payments

It is good to hear that David Marcus is perhaps ready to look at using fiat currencies, whether as the underlying format for Diem, or through international clearing. I don't think there is any reluctance to use Facebook's network structure - as long as the local currences are the settlement basis. In fact, that can be ideal as its connectivity to its users can solve some 'last mile' issues, while protecting the governments' money supply requirements. And it can be done at a fraction of today's costs!

18 Aug 2021 Reply Read article