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As blogged yesterday, the GENIUS Act can open the doors for closed-loop networks using stablecoins that circumvent the traditional four-pillar model of issuer, acquirer, merchant and processor. Yes, it could save billions in interchange fees, but there’s another movement in stablecoins trying to change the world. This one is trying to get rid of SWIFT,……

This week’s main discussions include … Will the upstarts replace the incumbents? Is it just me or has the whole digital currency space become hot, hot, hot? Every five minutes, I see stuff about CBDCs – who needs them?; cryptocurrencies – who’s using them?; and stablecoins – what’s that all about? The last one is……

I’ve been talking a lot about stablecoins of late and, in a timely fashion, Jas Shah at Fintech: Under the Hood has just landed a great primer all about such things. A Stablecoin Primer: Money for the Digital Age TL;DR Quick Take Stablecoins have evolved from early crypto-pegged concepts to fiat-backed instruments like USDC and……

Things we’re reading today include: UK banks face lawsuits over mortgages that left people with huge debts How Chase bank executives aided Epstein and funneled his money – despite staff concerns about the pedophile OFSI declines to fine UK bank over sanctions breach Global Fintech Klarna’s Upcoming IPO Could Prove Firm Is More Than A……

I’ve just spent a frustrating hour trying to access my bank account. It started with trying to login online. Here’s how it went. Enter your card number and password. OK, we now need a OTP code from your app. OK, now enter a code from the SMS or email we just sent you. But then……

Things we’re reading today include … HSBC lands £333m from takeover of Silicon Valley Bank UK Nationwide app and internet banking back up after outage UK banks face lawsuits over mortgages that left people with huge debts Barclays boss Venkatakrishnan urges against UK bank tax “Ill-conceived offshoring is helping to destroy this bank” If it……

I am always fascinated about the way in which people see what is of value and why. The exchange of beads, crystals, diamonds and gold; the use of barter to exchange sheep for goats for weddings; the emergence of digital exchange for tokens; and, of course, the issuance of cash backed by governments that are……

Things we’re reading today include: UK fintech holds European crown but UAE threat looms Britain in a worse position to deal with a financial crisis than 2008, warns former Bank governor Mervyn King Klarna Opens Up 30% In First Of Three Fintech IPOs Expected This Week Starling Bank targets £4bn valuation in secondary share sale……

As blogged yesterday, the GENIUS Act can open the doors for closed-loop networks using stablecoins that circumvent the traditional four-pillar model of issuer, acquirer, merchant and processor. Yes, it could save billions in interchange fees, but there’s another movement in stablecoins trying to change the world. This one is trying to get rid of SWIFT,……

As blogged yesterday, the GENIUS Act can open the doors for closed-loop networks using stablecoins that circumvent the traditional four-pillar model of issuer, acquirer, merchant and processor. Yes, it could save billions in interchange fees, but there’s another movement in stablecoins trying to change the world. This one is trying to get rid of SWIFT,……