Tag: Simon

Banks are trying to transform themselves by seeking to merge their physical assets with digital ones by finding new ways to serve the population through the offer of electronic banking platforms (home banking) and mobile banking (mobile banking). Also, finding new organizational structures such as Digital Banking (entities without branches, offering virtual services). The COVID-19 pandemic, which took the world by surprise, has accelerated digitalization in all areas of economic and social life. Trade has not been immune to this process. Although aggregate data are not yet available, in the first few months of the year, there has already been ... Read more

Blockchain technology could be used to bring transparency to government public expenditures that should be dedicated to financial inclusion projects. By providing traceability of how funds are actually distributed and used, blockchain technology could make a radical contribution to the process by eliminating typical situations such as corruption or diversion of funds. When thinking about blockchain technology, many people often tend to think only of cryptocurrencies, tokens, and crowdfunding through digital assets. However, these are just expressions of technology with the potential to transform multiple industries and organizations. Like the internet, blockchain technology has the ability to transform the lives ... Read more

The German Federal Ministry of Finance, with support of Germany’s Bundesbank, has determined that digital currency is not a real currency. It asserts, incorrectly, that cryptocurrency doesn’t fulfill the typical functions of currency, which it has already been proven to do. However, until Germany recognizes Bitcoin and others as part of the country’s national monetary system, it cannot be considered a valid currency. As cryptocurrencies continue to receive more attention around the world. Many countries have begun to address their status from a legal and regulatory standpoint. While most developed countries have been more accessible to the ecosystem, a few ... Read more

PayPal was one of the first major, private payment solutions that was able to establish itself around the world. It was a slow road to get to where it is today, but the past year has seen an explosive amount of new support for the platform everywhere. Going forward, it is expected that there will be even faster adoption of digital payment solutions and digital commerce platforms. For more than a decade, there has been a steady increase in the popularity of digital solutions – digital shopping, digital services, even digital television. In general, the world has been shifting to ... Read more

The fact that Dorsey would choose an NFT for the auction is no coincidence.  As a consummate pioneer and with a solid global following, he has just brought NFTs and the blockchain to the forefront.  Achieving this level of awareness and acceptance, using traditional means, would have taken years or decades. There is never a shortage of events or actions that change the course of everyday life, but some have a larger impact than others.  The introduction of Twitter in 2006 was one of these, and Twitter co-founder Jack Dorsey welcomed the world to the new social media platform with ... Read more