6 Years Ago

Jonny Fry

6 Years Ago |


Do Central banks and governments think Facebook (and other creators of Digital Assets) are stupid or that they do not have the ability to remember, let alone search Google to remind themselves and others of the continued failure of existing banks? It really is not that hard for one to spend two minutes on the internet and find example after example of fines sanctions, staff sackings and judicial criticism being levied against the so called reputable, safe, well-regulated and trustworthy banks. The two main reasons for having financial regulation is:
 
1.    To maintain confidence in the financial system
2.    To treat customers fairly
 
Having confidence...

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Jonny Fry

6 Years Ago |
Converting gift cards and loyalty scheme rewards to Bitcoin


The gift card market is reported to be going to grow by over 15% p.a. in the next four years from $585,311 million to over $1,591,461 million according to Allied market Research. As more retailers understand the benefits of such schemes and as increasingly such schemes migrate to become digital using mobile phones. Given the growth in e-commerce and the demand for cashless payments gift cards are increasingly being used. However, it is possible to convert gift cards in to Cryptocurrencies like Bitcoin.
 
Given some gift cards have an expiry date, if you...

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7 Years Ago

Jonny Fry

7 Years Ago |
Facebook set to bring 2.3 billion users to Digital Assets

Facebook is looking to establish an independent governing body for its new Digital currency – project Libra. The new Facebook coin will be pegged to a basket of different currencies i.e. Yen, $, £, € etc. Facebook is looking to establish a foundation to oversee the governance, by selling positions to a 100 different organisations which will be on the governing body, which itself, will over-see the Digital Asset. According to Blockcrypto, the initial members will all pay $10million and include:( see attached image) Source:www.theblockcrypto.com

Interestingly, the majority of the above proposed members...

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Jonny Fry

7 Years Ago |
Japanese shops and transport companies look to offer digital payment options

Japanese railways are looking to go cashless and potentially introduce payments using Crypto currencies.The Japanese equivalent to Amazon, Ratkenhas announced that it is going to provide the technology to help East Japan railway’s customers pay digitally, as opposed to using cash.
The Japanese government has been trying to encourage its citizens to use less cash and increase the amount people pay using digital methods to 40%. Currently 20% of transactionsin the Japanese economy are paid digitally, compared to South Korea where 89% of transactions are paid digitally, and in China the...

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