Could regulation be the mechanism that finally confirms the full arrival of Mobile Payments and therefore generate the necessary force to bring alignment at point of sale?
Much has been written in the last year about Distributed Ledgers, Blockchain and the potential impact that they might have. This article considers the latest advances and the potential “disruptive” impact they might have on existing Financial Market Infrastructures
After my last post (“Using Distributed Ledgers as a Payment System” – August 3rd), one of the replies I received highlighted the differentiation between payments made in Central Bank Money and those in Commercial Bank Money. In my response to that point, I highlighted that Payments between Direct Participants in a given Payment System will […]
In my last year as CEO of CHAPS (the UK’s High Value Payment System), I became increasingly interested in the opportunities that Distributed Ledgers could create; not in the crypto-currency world but in the existing world of “real” payments. At present in the UK, payments operate on separate ledger mechanisms which echo the past in […]