China is already there. Why. Government permissiveness that has not been forthcoming in the West since it would greatly reduce banks' revenue from retail transactions. But in China the banking system is largely government owned, so it is not the same issue.The DiplomatChina’s Digital Payment Revolution: Lessons for Libra Dongyao Nie, news researcher at Al Jazeera English based in Washington DC
Read More »Don Quijones — ECB Just Launched “Better Than Blockchain” Instant Payments System
On Friday the ECB launched, with minimal fanfare, a brand new system aimed at enabling banks to settle payments instantaneously across Europe, helping them to compete with PayPal and other global tech giants. Developed in little over a year, the ECB’s not-for-profit TARGET Instant Payment Settlement (TIPS) system will let people and businesses in Europe transfer euros to each other almost instantly, at extremely low cost, and irrespective of the opening hours of their local bank.... Wolf...
Read More »Ellen Brown — Cutting out the middleman without using blockchain currency.
Cutting out the middleman without using blockchain currency.TruthDig!Banks Are Becoming Obsolete in China—Could the U.S. Be Next? Ellen Brown
Read More »Nick Routley — China’s Digital Wallets Offer a Glimpse at the Future of Payments
The numbers are astounding. Most people outside of China probably have no ideal what is happening and how quickly it is happening.Visual CapitalistChina’s Digital Wallets Offer a Glimpse at the Future of PaymentsNick Routley
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