How China And Kenya Are Winning The Payment Wars — And Why The U.S. Should Worry

The U.S. lags the rest of the world in one significant technological area: payments. One reason we’ve fallen behind is the inertia of our legacy payments infrastructure, and the fact that it is more difficult to replace a working system than build one from scratch. Yet, while many Americans consider [...]

Source: www.forbes.com

There is progress if you read your Chinese and Kenyan tea leaves! 

See on Scoop.itMoney & Payments

Ripple Labs Unveils Proposal for New Smart Contract System

The company’s proposed system could reinvigorate the movement to build smart contract mechanisms.

Source: www.coindesk.com

Ripple Labs continues to makes waves. No doubt there will be clones, but Ripple’s core idea of value being retained in its native form within the Ripple system is what makes it so unique. No more forced conversions.

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Watch out, PayPal just made 150M consumers “one touch” buyers

When it comes to mobile commerce, the winning formula is KISS (keep it simple, stupid). The more difficult it is to go from intent to discover to purchase, the more likely a consumer is to abandon …

Source: pando.com

Great read on Venmo’s integration into Paypal…so to speak, even a hint who might be the next CEO of PayPal.

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Mattias Petter Johansson’s answer to Stellar (Payment protocol): What is Stellar? – Quora

Source: www.quora.com

If you have been wondering what is Stellar? Here is a great explanation on what the hub-bub is all about (by Mattias Petter Johansson). Must read if you want to understand how Stellar might be challenging Bitcoin. Including for remittances.

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Bitcoin Foundation Seeks More Time to Address Virtual Currency Rules

The foundation said in a letter to New York’s top financial regulator that “the Bitcoin community is not well-versed in New York financial services law.”

Source: dealbook.nytimes.com

Potential BitLicense candidates ask for more time for submitting comments to NY’s DFS on proposed BitLicense rules.

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