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Benju Shah, Head of the Nordic BIS Innovation Hub for the Bank of International Settlements, followed up Sveinn’s session with a discussion defining money. When defining money, Benju started by saying it is for the public good. Hmmm … not so sure about this although Digital for Good is all about making that a reality. Money…

We had a great session in Oslo last week focused upon: what is money? The question comes up more and more in my thinking, especially when you look at cryptocurrencies, CBDCs, stablecoins and such like. We had many good presentations from MasterCard, the Norwegian Central Bank, Handelsbanken and even cameo Zoom appearances from Dave Birch…

The belief in crypto has fallen through the floor in second quarter 2022, mainly due to factors from stablecoins that became unstable to exchanges that locked customers in (Celsius, Binance). So, I found it interesting when one cryptopunk asked the question on twitter: what do you believe in? I thought I’d pick out a few…

The main blog discussions this week included … Welcome to (another) crypto meltdown As a guy who has invested a little in cryptocurrencies, I sat back a year ago in a warm glow. The investment had risen phantasmagorically, and was now worth a good pension. Today? It’s worth almost nothing. Source: Daily Mail What’s gone…

I am regularly asked: what’s the next big thing? Answer: there isn’t one. There are just all the things we can see today that are building to the next big thing. What’s out there today? Web3; the metaverse; cryptocurrencies, digital currencies and CBDCs; artificial intelligence plus; blockchain, smart contracts and distributed ledger technologies in reality;…

Some years ago, as an April Fool, a firm offered a free download of a game as long as, in the terms and conditions, you agreed that they could now own your soul. It was silly, but most people agreed to the download with that condition, because they don’t read the terms and conditions. Luckily…

As a guy who has invested a little in cryptocurrencies, I sat back a year ago in a warm glow. The investment had risen phantasmagorically, and was now worth a good pension. Today? It’s worth almost nothing. Source: Daily Mail What’s gone wrong? Well, it started with Terra, and it’s led to Terror. The wobbles…

There’s a regular debate about whether BNPL (Buy Now, Pay Later) is a good or bad thing. There’s a big call for it to be regulated and comparisons with payday loans are made often. Nevertheless, it makes sense as many companies are now grabbing a slice of this space. The latest one is Apple. It amused…

This week’s main blog discussions include … Is digital all it’s cracked up to be? I just sent a payment to a new company. They sent the details and it involved quite a lot of set-up. I then hit the button and bang! There goes $1,000. Thing is that, when you hit that button, you…

I have another concern about digitalisation, which is what happens if you’re knocked off the grid? What happens if you lose your password? What happens if the company does not recognise you? What happens when someone takes over your persona? What happens when your balance of six figures is suddenly zero? OK, sure. These things…