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So if we imagine a world where the current banks don’t exist. We have a decentralised digital currency (through blockchain, or otherwise) or a central bank issued digital currency that is transmitted to the public through various fintechs offerings.  What would happen to the processes around AML and sanctions screening? We have seen recent falls in crypto assets prices as regulators suspect them being used for laundering purposes. We’ve also seen that anonymous digital cash has been a...

Ramblingsofabard
by Ramblingsofabard
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Ramblingsofabard

There are a wide range of different payment models available to a modern day individual. One can use cash, debit or credit card, online banking, mobile banking, p2p transfers, cryptocurrencies and so on.. Using a Darwinist approach, these myriad payment options exist for a reason, otherwise the society would have adapted to the latest payment method and the old method be obsolete and die out. As we look forward to the future of payments, it’s important not to get narrow minded with the...

Ramblingsofabard
by Ramblingsofabard
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Ramblingsofabard

London, United Kingdom

Joined this community on Nov 10, 2018

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