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How does Klarna define 'Active Shoppers'?  i have used Klarna as a Credit card gateway when the Merchant Card handling frame was down....  does that make me an active shopper? 

If i give a taxi driver a $10 or £10 cash payment, he can use it for fuel - he can buy a coffee, he can give it to his children to spend in retail outlets...  that money can be used to pay the staff in the gas station, the barrista's serving coffee, or taken by the owner of the local newsagent.... at the end of these processes the £10 still exists...,.  it has not been subject to repeated slices of commission.... first when i pay by card for my Taxi ride, or when the taxi driver pays for a coffee with Apple pay. or when his child pays for sweets or magazines in the corner shop....   £10 remains £10.

The economy requires a certain amount of available cash to function. Cash is the dominant means of payment within the euro area, as the clear majority of our daily payments are made using banknotes or coins. Cash is also essential for the inclusion of socially vulnerable citizens, such as the elderly or lower-income groups.  

https://www.ecb.europa.eu/euro/cash_strategy/cash_role/html/index.en.html

Trying to educate children as to the value of money is much harder without...............  Money

Use it or lose it. Look at the amount of employment cash handling creates.  Once we are forced to choose between using Visa or Mastercard as our only payment methods, and we see them wining and dining our regulators and senior bank staff at global events we are probably going to pay in kind.....  when was the last time regulators or central banks took Cash to court over payment handling costs? 

I will be using cash on the high street whenever possible, despite working in the cards industry.......  I like the idea of choice, and we need to press the post-COVID reset button in some ways....  Appreciate the value and reasons for Interchange, dont disagree it needs to be there, just dont want to force retailers to have to pay it! 

Quoting Bankman-Fried on the future of the Web and Crypto Currencies sounds a bit like asking Al Capone about the future of the Licenced Trade post-prohibition.  Alternatively Bernie Madoff could be quoted at length on his opinions on the future of Split/Strike conversion.   What i found shocking was the revelation that FTX was doing 'hundreds' of transactions a day, and was being asked to slow down.   Sadly this article is weakened by the inclusion of Bankman-Fried comments.

Got to feel sorry for the investors who believed in this house of cards (no pun intended).  Hope the regulators and law enforcement officers in Germany are shown up for their failures in stopping this scam earlier.  If something looks to good to be true, it usually is.... and in this case 'was'! 

I have recently seen instances of Paypal refusing to accept payments for Conservative/Anti Woke websites, charities etc....  This seems to be rather more politically motivated than based on any regulatory restrictions. Whilst not clear, I wonder if this is the sort of limitation that the Polish Regulator is targeting?   Any of our Polish colleagues care to enlighten us? 

Losses quadruple,  Gross Merchandise Volume up 5 times.....  Failing any changes in credit scoring or onboarding operations, we can expect increasing losses to follow the the increasing merchandise voulme next year.... As the Board would say... "Triples all round" !!!!