President @JoeBiden Executive order is promoting open banking demanding banks to "Make it easier and cheaper to switch banks by requiring banks to allow customers to take their financial transaction data with them to a competitor."
A small team of great engineers can make just a shocking amount of progress.
This is one of the most unintuitive things for business people who tend to think more linearly in terms of team size vs. output.
Did you know that Dapi can automate most bank-specific behavior when sending money? For more info, read our documentation: https://t.co/fw8w5oGzDZ #payment
Governments need to support fintechs. There is no longer any debate. Innovation in the #fintech sector will serve the financial being of all #openbanking#money
@IMFNews A public digital currency is essential to promote open competition and a unified settlement system between different financial institutions and fintechs. In a world of #openfinance, this currency would also need to come with an API to help foster “a thriving developer community”
We are very excited to share this article featuring the story of our first client, @denariicash Read it here: https://t.co/PPmSQPsB8L #fintech#openfinance
#NFTs are valuable as they create unique histories for objects that would otherwise be just another copy. Their value comes from cultural capital, which is not too different from traditional art markets. NFTs simply update the technology on an older concept #thefutureofmoney
Why are #NFTs a big deal? They introduce the concept of ownership and authenticity to digital objects, even though the objects themselves can be copied infinitely. This is good for collectors, who can now "own" digital artwork. But does the value become mere speculation?
What does the name #NFT actually mean? "Non-fungible" means that each token is distinct from every other NFT and cannot be split into smaller parts. On the other hand, cryptocurrency like Bitcoin can be split up as much as you'd like (people often buy fractions of bitcoin)
What's all this rage about #NFTs ? We think it's another aspect of #thefutureofmoney Non-Fungible Tokens are the 2021 versions of certificates of authenticity, verifying the ownership of a digital object (a gif, a tweet, a video, etc.) #finance#crypto
It's clear that cryptocurrencies are becoming more integrated with mainstream payment methods. What kinds of applications could crypto have with bank transfers? 🤔
@Visa announced that they will start accepting payment settlements in cryptocurrency (USD Coin) (A Thread) #futureofmoney Source: https://t.co/09KjlMBBAT
The Forbes overview states that "the ultimate goal" of Visa's partnership with the developer of USDC, Circle, is "issuing a Circle Visa corporate card that will enable Circle business account holders to spend their USDC at merchants in the Visa network"