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One more attempt to engage with customer using LBS ( Location Based Services). Digital banking is leveraging such synergy to go near to customers with correct incentive.

MX model is tricky as customer 's personal information will be used. Ofcourse its for business service purpose with disclosure but, US customers had those 'concerns' as well as goverement and regulator are known for information protections implementation.

I agree with present stance of Insurance company as this incident had occured as Phishing attack. Bitpay would have informed as part of IT control about dos and don'ts of IT security ( Standard IT security policy guidelines) and iron cladded Firewalls, IDS,HDS etc controlling such attacks apart from IT security awarness.

I wonder Blockchain could have been used as electronic journal which can be used to trace those Three transactions.

Blog remindes me of 'Stay Hungary Stay Foolish' by Rashmi Bansal. Startups in Fintech need to take out of lot of learning pages from it.

Thanks Visa and Absa team for long awaited start. Hope others follow it including mPOS and POS players to leverage it.

There is more than just that the India is still cash based society in case of Uber another reason can be Peer pressure.

For one of my client (bank exploring tie up for value added services for drivers) we had opportunity to closely look at business model of Meru, OLA and 'Taxi for Sure'. On personal ground, I have been using Ola, Taxi For sure more than Uber because, of great cash back and coupons that offer to frequent riders than Uber.

I feel these players gives stiff competition to Uber. OLA specifically support Auto Drivers ( Three wheel Automobiles -Bajaj Auto) and have many commuters like me using it. OLA drivers accept (few even prefer Cash - reason is obvious as they get instant money where as Ola funds their ICICI account T+2 days sometimes.  :)) of course they never refuse online payment both cab and auto drivers and promote its usage to passenger.

Uber had to succumb as recently more drivers moved to Ola due to rates and funding issues and recent tie up of OLA and TaxiForSure.

Bitcoin ATM is new concept and innovative way to transact in new ear of crypto currency and digital banking.

With BBVA going full throttle on its digital banking I hope they don't forget that, they need to be doing their basics as 'a Bank' and do not go to other extreme of running software company.

Ofcourse, with IT and business going hand in hand for digital transformation winners will be those who understand best of both the worlds and bring best for customers.

NASDAQ and NYSE are both committed to build trading systems around BITCOINS with support for FIX protocol and building X-Stream trading platform for Bitcoins are good intiatives.

If we look at the actual statistics in terms of value and volumn will give better visibility on above.

Brilliant step and Self reliance by country. Sure it's possible for China to build with promotion of local manufacturing being supported by China govt.

India had been building parallel computing super computers from 2000 onwards as well as recent Green computing with more than 1 million core super computer  in next year but no takers by banks and corporates in India with commerical use of it.