Cryptocurrency in China’s Economic Strategy

By |2021-01-11T20:47:55+00:00January 11th, 2021|Cryptocurrency, Governments, International, Payments|

Recently, China piloted a new state-owned cryptocurrency, the digital yuan.  In this article, I will show how this fits into China's larger economic strategy, and why it is a harbinger of problems for the West and the mainstream payment networks. On November 24, 2020, the New York Times published an article, “China Says It Remains [...]

As Americans Face Economic Strain, VCs are Investing $230 Million in Alternative Credit

By |2020-10-29T21:53:40+00:00October 29th, 2020|Financial, International, Payments|

Before we get back to the history and workings of credit cards, I thought it would be interesting to catch up on an emerging trend, that of "alternative credit." Background On September 24, 2020, Petal announced a $55M Series C led by Peter Thiel’s Valar Ventures.  Petal requires no credit history to quality for its [...]

Payments 101, Part 1 – The Five Actor Model

By |2021-01-27T16:25:56+00:00September 29th, 2020|Financial, International, Payments, Payments 101|

Payments has been a rapidly evolving space over the past 20 years, and many companies have sought to get into it, even as the incumbents seek to evolve and expand their offerings.  I have noticed, however, a lack of resources to get new employees up to speed on how different payment methods work.  The purpose [...]

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