Where have we heard this story before? A bunch of apparently smart business leaders investing in vehicles that they didnt understand, run by unscrupulous businesses, with asset valuations that didnt make sense. Valuations based on a bunch of assets that had nebulous value, which could collapse easily collapse in a recession........... If we dont study history we are destined to repeat it (ad nauseam)....... On the up side, and again, there will be people who have, surrepticiously or overtly, trousered millions of dollars and walked away.... Oh the UK is reducing banking security limits too!!! Triple's all round!
20 Jan 2023 16:38 Read comment
Ah - Pay-by-link option then?
20 Jan 2023 11:43 Read comment
A Russian owned and managed, Chinese domiciled Crypto currency exchange operation? Not sure how many legitmate customers they would have attracted, but if they did have some, then sadly their funds are locked up too! Crypto is still the Wild Wild West.... Or should that be Wild Wild East?
19 Jan 2023 10:06 Read comment
If i read this correctly the NFT traded market value managed to reduce to only $3.00 for every $100.00 traded in the spring of 2022........... therefore its probably safe to assume that the value of these assets will also have dropped by a similar amount (supply/demand) if thats the case then another massive ponzi scheme has had its effect on consumer assets? please correct me if i am wrong?
09 Jan 2023 15:32 Read comment
Even kids have their own cards these days ! If you dont have a card - you dont have an account? wearable giftcards are a bit too 'Nichey' to make sense!
09 Jan 2023 09:26 Read comment
I have spent over 30 years in this industry and can rememeber when 9X was a high valuation. I am talking First Data Resources times, for those of you who remember that company name? Then company names got shorter and valuation multiples got longer. The rest of the above seems to be a very useful summary and pragmatic view of the shape of things to come! Tough times ahead for some fintechs, as investors wise up, as Governments play catch up, and as Blockchain shows itself to be the valuable asset, not the coins it carries... This will change when they are government backed, well regulated and not the go-to currency of choice for criminals and ponzi operators. Nice one Arvin!
06 Jan 2023 10:05 Read comment
How are crypto currencies advancing the Human Experiement (not talking about blockchain here) Seems their major use is criminal/scam/ponzi based?
05 Jan 2023 15:26 Read comment
What stunning news.... though not surprising.... The most useful information is The most eco-friendly cryptocurrency available is Stellar, with just 0.0003 kWh per transaction. Stellar also costs less than a cent per transaction........Is there a comparison chart that shows kWh per transaction for each major coin type - this should shame the polluters..... and users..... PS what user/corporate is ultimately paying cash for the power needed for these transactions????? We know that drowning Bangladeshi/Pakistanis and Ethiopian families dying from drought driven starvation are paying the human cost!!! ) This is a worthy target for the Woke Generation to get their teeth into!
05 Jan 2023 11:21 Read comment
Well in the UK Government are reducing the amount of regulation banks are to be subject to..... whilst in the US the Regulators want banks to exercise increased caution?
04 Jan 2023 14:54 Read comment
Well, this may say a lot about the valuations thrown around at the heights of a bull market........ as well as the underlying value of the true 'assets' of a crypto exchange.... what if we built a railroad and there were no trains?
04 Jan 2023 14:51 Read comment
Andrew HewittDirector Payment & Data Solutions at FIS
Andrew BeattyHead of Wealth, Retirement & International at FIS
David HelpsEnterprise Architect at FIS
Maria SchuldHead of Regional and Community Banking at FIS
Brad StrockSVP, Group Executive, Payments at FIS
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