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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,…

Short answer: possibly. Long answer: the GENIUS Act (the Guiding and Establishing National Innovation for U.S. Stablecoins Act) gives a massive stamp on cryptocurrency tokens, stablecoins and protecting the US dollar as the reserve currency of the world. Oh, and it also creates a major opportunity for non-banks to become players in payment processing. For…

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 intriguing me the most at the moment, as I’ve said for years:…

I’ve been made redundant twice in life: once unfortunately and the other time voluntarily. The unfortunate event was an interesting moment. We knew the company were going to make lay-offs, and HR gathered everyone on a Wednesday to have meetings. We knew the meetings would be redundancies, but just did not know who would be…

A friend turned to me the other day and said: Chris, you always talk about the future and what’s going to change … why don’t you talk about what is not going to change? The question stopped me in my tracks, but it cuts to the core of strategic choices. Start with the things that…

This week’s main discussions include … Last century processes in the digital age I’ve just had two requests for notarised ID documents: one from my accountant and another from a bank. So, I went to the notary to get notarised and they said no. It reminds me of an Amy Winehouse song: I tried to…

I’ve just had two requests for notarised ID documents: one from my accountant and another from a bank. So, I went to the notary to get notarised and they said no. It reminds me of an Amy Winehouse song: I tried to get me a notary and they said no, no, no. The problem arose…

Building on my recent blogs about AI, the AI you, your digital twin and the way the digital world is becoming its own world, I was reminded of the film Transcendence. You probably know this film but, just in case you don’t, the idea is that an AI scientist uploads their mind to the network…

I just wrote something that was pretty ambiguous when a friend asked what my latest speech is all about. The answer? “Becoming an AI-native bank – digital is so last century – and digital trust in a deep fake world (digital ID)”. The answer is accurate, but I just wrote off digital and then talked…

I was going to change this, but am reposting a LinkedIn update from Leonid Bashlykov, who heads up Crypto at Revolut because it further clarifies the blog I posted last week. The post was titled: Launch a bank from your bedroom which, unsurprisingly, gained a lot of criticism from good luck with that to wait till…