@a16z Respect: a lovely lucid exposition of token economies. But isn’t there a paradox: the more money subdivides into discrete token communities the less efficiently it serves the 3 (4?) core functions of money across all communities? Is there an equilibrium point of subdivision?
@dgwbirch Yes, there are risk trade-offs. And control is why CBDC is surely having its moment in the sun. But for currencies, highly liquid and widely accepted gonna win, even if the other guy’s design is a thing of beauty. It’s the network effect, innit?
@farzamehsani Well, yes but actions speak louder: #FedNow is mid-build; #CBDC and #cryptocurrencies get a discussion paper in a few months. Now if he had said “I’m switching funding out of FedNow to trial a CBDC, which may be a better way to go” THAT would be a thing...
@victoriajane No of course you’re right. I am jaded by 5 years of SA politics, where the quality of government seems to bear zero relation to whether the bastards get back in.
@victoriajane Yes that would be great, if there was an identifiable policy difference between the major parties - which there hasn’t been since Keating...
Today marks a new beginning with Jan Pilbauer at the helm. We are excited about the next part of our journey under his captainship. We thank Chris Hamilton for his leadership over the past five years. Payments plumbing and the payments highway will always be with us.
Your week in payments: the latest on #FNBSA's #digitalbanking innovation, East African countries look to spectrum to enhance opportunities for #digitaleconomies in the region and @swiftcommunity launches a fraud-ebook. Read more here: https://t.co/s1ilQ3ITgK #payments
Your week in payments: Why new banking platforms feature #APIs at the centre; Boston Consulting Group’s #BCG new report on #mobilebanking in Africa and embracing this and Discovery Bank #BankDiscovery shares what’s on the cards. Read more here: https://t.co/ZgQoHSLKN2
Your week in payments: @SBGroup gets recognised by #TheBanker for its digital banking excellence and innovation, @CapitecSA pushes on with its #digital and #fintech projects and how #APIs can help #banks with their customer engagements. Read more here: https://t.co/Kg2xfMPi5h
This note on marketplace banking is worth a think. This is the coming world of multilayer, interlocking platforms; on order of magnitude more complex than our own world, but with so much more potential.
Your week in payments: #SBGroup wins 2020 Innovation in Digital Banking Award (Africa) by @TheBanker publication and how South Africa’s #banking models are transforming for the marketplace. Read more here: https://t.co/CJrd4ALrQb