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Bound to happen as Visa and MC find their match with behemoths like Amazon. 

On the other hand I won't be surprised to see Amazon trying to use this opportunity and  get foothold into payments business with its own Amazon pay offering. 

The headline "Target2 experiences total system failure" is quite alarming and concerning !!!.

Does anyone have anymore insights on what really happened.

This is much needed payment service . The consumer adoption and confidence also depend on how secure the system is against APP like frauds. People need to be confident about security in order to adopt. 

Not all central banks will disintermediate commercial banks. The Bank of England has clearly said they will not distribute CBDC directly to retail customers but will engage channel partners to do so. Offcourse they didnt say that will partner with only commercial banks but have left the playing field open to all.

Secondly central banks have not yet decided whether CBDC will  be interest bearing. It will go a long way in deciding whether retail customers will prefer to hold CBDC or commercial bank deposits.

Is there a LEI equivalent standard for digital identities ? With IOTs ,when payment intitation goes beyond the finance depeartmentst here would be multiple devices/terminals that need to  be identified as authorized entities  making payments.

Open banking seems to be a one way street right now.

I would love to see fintechs open access to their data too. I would love to see Amazon opening up a merchants transaction history to bank so that they can offer better working capital terms. I would love to see  apple sharing my fitness routine to my health insurer so that I get a better deal on my premiums. 

That will be a perfect world ; for the consumer offcourse.

Can Bitfinex freeze movement of bitcoin from the crooks account ? I dont think so !!!! At most they can identify to whom the account belongs provided they had a robust KYC process. Anyhow , till the court order comes the bitcoins would have already moved :))

I wonder when regulators will force the Googles and amazons and netflixes of the world to make their data accessible to banks. 

Will be interesting to see if the customers going for "pay with bank" option get any reward/loyalty points.

And when Libra is systematically large then who knows you dont need fiat currency deposits to back it. Libra becomes the new currency if global economy.