Predictably, when one looks at the lists of companies participating in the various blockchain and cryptocurrency research efforts the names of the Silicon Valley giants are conspicuously absent. What research and development those companies undertake is increasingly centralized, bureaucratic, and directed towards projects that require massive infrastructure such as self-driving cars.Read more
There is an interesting black; or rather grey, swan threat to Chase’s future in the form of Glass-Steagall. Glass-Steagall was the Depression era law that forcibly separated investment and consumer banks for 60 years. Its repeal was one the hallmarks of Bill Clinton’s 1990s financial reforms.Read more
The real conflict in brick and mortar app payment is that there are two very different technologies in widespread use. This makes systems incompatible and effectively drives a wedge between the different companies offering payment solutions and their customers.Read more
If news stories about Walmart Pay are correct; the app is an impressive piece of retail technology that puts Walmart well ahead of competitors. The new app actually gives Walmart some capabilities that even Apple Pay lacks.Read more
The Thunder Network is an open-sourced payment processing platform that could be capable of processing up to 100,000 financial transactions per second if fully implemented. The network is potentially revolutionary because all those transactions will be fully encrypted and authenticated.Read more
The Apple-zombie press is hyping up the Current C “postponement” as a victory for Apple Pay, yet it could be a serious defeat for Apple’s (NASDAQ: AAPL) payment app.
The danger for Apple; and Alphabet’s (NASDAQ: GOOG) Android Pay, is that Big Retail has concluded that app payment is a niche product that will not drive many sales. The retail giants’ executives think that contactless payment is simply not worth the time and effort.Read more