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El Salvador and Bitcoin: Legal Tender or Compulsory Tender?

David Birch, the author, adviser and investor in digital financial services, has recently posted an article on Linkedin, ‘Why would anyone think it is a good idea?’. There is the argument is that shop keepers could always have accepted Bitcoin, but now they have to.

Country Profile - September 22, 2021 midnight

Going Contactless

On 15 October 2021 the UK raises its contactless limit to £100 from £45. It also raises the cumulative transaction limit to £300 before a PIN must be entered. This increase means the UK now has the highest contactless limit in Europe and the seventh highest in the world.

Cards - September 16, 2021 midnight

A Call for Digital Standards

The Institute of Electrical and Electronics Engineers (IEEE) has called for a ‘digital Bretton Woods’ to set standards for digital currency and trade systems. Its call comes in the context of today’s digital platforms that handle more than just finance, but trade, tax and audits, and it does this across borders.

News - August 31, 2021 midnight

Financial Inclusion – Harder than it Looks

Peterson K Ozili has written about financial inclusion and why it is harder than it looks. Many of the barriers are within the control of governments to remove by investment and subsidies. Others, the cultural, social and income barriers are a much more significant challenge.

Cash Management - August 27, 2021 midnight

The Power of the Assumptive Close

The Economist Intelligence Unit has issued a paper, ‘Going Digital. Payments in the Post-Covid World’. It is interesting both for what it says and how it says it.

COVID - August 27, 2021 midnight

Digital Payments - and the Last Mile to the Unbanked

The Federal Reserve Board (FRB) of Atlanta has published an article by Oz Shy, ‘Digital Currency, Digital Payments, and the ‘last mile’ to the unbanked.’ As the number of cashless locations increases, the article considers what stops people going digital and looks at policy options in response.

Cash Usage - August 11, 2021 midnight

Payment News

China has decided to stop cryptocurrency mining in the interests of financial stability. Mining is the process that validates cryptocurrency transactions by solving cryptographic puzzles in return for receiving newly minted coins.

News - July 26, 2021 midnight

The Complexities of Financial Inclusion

Two articles recently cast a different light on financial inclusion. The first published by Cash Essentials and written by Manuel A. Bautista-González of Colombia University about cash in Mexico and the second published in the Irish Times. Very different stories but interesting perspectives on using less cash.

Future of Cash - July 6, 2021 midnight

What Drives Consumer Payment Behaviour?

In 2019 National Westminster Bank (NatWest) commissioned independent academic research to look into the drivers of consumer payment behaviour, including consumer attitudes and intentions towards cash. The research was carried out by Professor Darren Duxbury, Dr Thanos Verousis and by David Marsh. This is a short summary of their work with the full research being published in due course.

Surveys - June 22, 2021 midnight