Posts tagged SWIFT
Scaling B2B cross-border payments and the competition between global payment rails, with Marwan Forzley of Veem
Scaling B2B cross-border payments and the competition between global payment rails, with Marwan Forzley of Veem

In this conversation, we talk with Marwan Forzley of Veem about how the rampant evolution of the mobile phone spurred his fascination to turn the phone into a business-to-business (B2B) payments network. Additionally, we explore how generations of companies have tried to use correspondent banking to solve for B2B cross border and failed, the intricacies of payment rails and the infrastructure to support them, the impact of COVID on global e-commerce, how the future will blend the distinctions between digital wallets, banking services, and crypto wallets.

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paytech, small business, eCommerceLex SokolinBitcoin, Ethereum, Veem, Ripple, SWIFT, ACH, Visa, MasterCard
Libra, Stablecoins, CBDCs and the Need for Digital Money
Libra, Stablecoins, CBDCs and the Need for Digital Money

A digital world needs digital money, and a few influential players are actively working to build it. China's BSN initiative and Facebook's Libra embody the East's public sector led approach to building and owning the internet of value and the West's private sector led (and public sector challenged) attempt at cheaper commerce on the web. While the nature of the approaches may be different, the data and privacy considerations are eerily similar. For all of our past episodes and to sign up to our newsletter, please visit bankingthefuture.com. Thank you very much for joining us today. Please welcome Lex Sokolin.

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stablecoins, central bank / CBDC, paytechLex SokolinLibra / Diem, Facebook, Wise / TransferWise, SWIFT, Ethereum, Blockchain Services Network, China, Ripple, Coinbase
Lessons from Uber's JUMP bikes on evolution in capitalism, Facebook's crypto money monopoly
Lessons from Uber's JUMP bikes on evolution in capitalism, Facebook's crypto money monopoly

Jump is an electric bike that is being distributed by Uber, and it just happened to be launching 350 of them in the London borough of Islington. You can rent a bike for 5 minutes at £1, and pay £0.12 per minute thereafter. That's generally cheaper than a taxi, on average more expensive than a public bike subscription. So why am I going on an on about these bikes? Two things come to mind as jumping off points for deeper discussion: (1) the incentives and tactics of economic organisms under capitalism to gather and retain attention, and (2) the monopoly powers of Uber and Facebook, leading to the impact of Libra's cryptocurrency on open competition, as well as the public responsibilities of supra national corporations.

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marketing, big tech, philosophy, paytechLex SokolinUber, Jump, Facebook, Libra / Diem, Ripple, SWIFT