Despite all the digital efforts from financial institutions, consumers still don’t make use of their in-app money transfer functions. According to the February Monkey Insights report released by Malauzai Software, 100% of active users on mobile check their balance, but only about 16% of them transfer money. Is that reallyRead More
Post Tagged with: "cashless"
Blockchain is here to stay, in some capacity or another, but what’s less clear is the fate of cryptocurrencies. Bitcoin, ether, Zcash, and like coins could fade into oblivion — or be the mainstream method of transaction in a future where the only physical bills remaining are behind museum glass.Read More
E-commerce giant Amazon has just announced ‘Digital Day’— exactly like the company’s famed Prime Day, which achieved its best numbers this year, except for entirely digital products like e-books, music, and mobile games. The company’s Amazon Echo smart device for the home remains out of stock for the time being.Read More
Permissionless, permissioned. Cashless, cash-filled—two of the larger discussions currently underway in the fintech world. However, a recent paper by Coin Center’s Peter Van Valkenburgh suggests that the most beneficial way forward may be to merge the two. The paper, which can be viewed here, postulates that blockchain is ideally suited toRead More
LAS VEGAS — Contactless payments are not new — card-free ATM transactions have been seen at fintech conference for years now — but they are getting more buzz lately, especially as the industry continues to debate the possibility of a cashless society. How consumers will interact with their money in theRead More
Want to know what a cashless society might look like? Check our Sweden, where cash is used in but 41% of transactions, compared to 55% in the United States — an appropriate preview to Money2020, which starts today in Las Vegas.
Econgularity – a shorthand for economic singularity — is an ugly word I created to describe an unfortunately approaching moment in time when our current technological snooping prowess, the ease of Big Data manipulation, and our sprint to a cashless economy will converge in such a way as to permitRead More
Originally posted by Lenny Eskin on The Andera Blog. Follow us on twitter @AnderaInc! A penny for your thoughts? I should’ve probably offered a quarter instead, since a penny won’t incentivize anyone to share much of anything these days. Honestly, they aren’t even worth the time you’ve wasted thinking about the proposition.Read More
Financial innovations come in many shapes and sizes, but for the most part they all follow a general trend: they turn physical processes into digital ones. The so-called “payments revolution” has often made me wonder what will happen when innovation manages to displace the most physical aspect of finance, cash. In the financialRead More