The inexorable desire of the mainstream to annex the alternative sector continues. We’ve reported and blogged on this before. Digital does note mean crypto… The latest development is revealed by our friends at Finextra. Norway’s central bank has made the source code for its CBDC sandbox publicly available and confirmed that the prototype infrastructure for […]
Out of the darkness, light. A new paper reveals the ultimate goal of central bankers and their desire to foist Central Bank Digital Currencies (CBDCs) on the financial system. The paper makes it clear that the ultimate goal is stability in the system – reinforcing the argument regularly made in this News section that CBDCs […]
We’ve said this before, and we may have to say it again: Central Bank Digital Currencies (CBDCs) are not cryptocurrencies. It’s in this light we want to view an initiative from the European Central Bank, which doesn’t quite claim that CBDCs are cryptos – they can’t be crypto, as a central banker oversees the central […]
Our friends at Finextra report an FCA initiative in monitoring critical third -party services to “strengthen resilience…” How will this affect banking licence applications, amongst other activities? We await developments. Here’s an extract from the report: A discussion paper from the Bank of England (BofE), Financial Conduct Authority (FCA), and Prudential Regulation Authority (PRA) proposes […]
On the one hand cryptocurrencies are marching inevitably forward, infiltrating the FinTech sector amongst others – see yesterday’s lead News story. On the other, it’s as though the “establishment” had been biding its time – waiting for weakness (in the form of falling prices and a grizzly bear market) before pushing back and clamping […]
Digital boutique banks, the kind of entity that one might argue Money&Co. is becoming, are all about agile management and the flexibility to adapt to market conditions. Today, we bring news of one of the leading digital banks, Starling, which is adapting its offering to deal with the much-heralded cost-of-living crisis. While Money&Co., with a […]
Financial and social change are galloping towards us, hand in hand. While the focus in the UK may be the cost of living and the day-to-day worries of just getting by, the micro-universe of financial Technology is a very distant other side of the coin. With the constant stream of deal announcements, there’s no doubt […]
Do you know anyone who gets paid in Bitcoin, or buys train tickets from an automated kiosk using cryptocurrencies? If you do, the person getting paid is probably based in Japan (where Partial salary payment in Bitcoin has been an option for years). And digital-currency train ticket purchase has been a feature on Swiss train […]
We are well past the new-kid-on-the-block era for alternative funding of UK businesses. Peer-to-peer (P2P) finance has evolved into a sector where most of the successful players look for profitable niche lending (in Money&Co.’s case – property-backing, music rights and litigation finance). But the broad-brush picture still sees a need for alternative funding. Witness the […]
Regular visitors to this News site will know that we regard the issue of digital currency as resolved. It is not just the future, but the present. It’s been possible to effect crypto transactions by ATM. The Japanese can pay themselves in cryptos, and the Swiss can buy train tickets from machines on the station […]