Category Archives: Payments, Transfers, Rewards

Elon’s Vision for a Twitter Payment System (and then Super App)

TechCrunch | Sarah Perez | Nov 9, 2022

Elon Musk Twitter Payments and Super AppThe new Twitter owner suggested that, in the future, users would be able to send money to others on the platform, extract their funds to authenticated bank accounts and, later, perhaps, be offered a high-yield money market account to encourage them to move their cash to Twitter.

  • Elon Musk detailed his vision for Twitter’s plan to enter the payments market during a livestreamed meeting with Twitter advertisers, hosted on Twitter Spaces on Wednesday.
  • The new remarks followed a report this morning by The New York Times which confirmed Twitter last week had filed registration paperwork that would allow it to process payments. The report cited Twitter’s filing with the Treasury Department’s Financial Crimes Enforcement Network (FinCEN), noting that a business would need to register before it could conduct money transfers, exchange currency or cash checks.

See:  Will Elon’s Twitter Innovation Bolster Universal Crypto Adoption

  • Musk explained how paid verification, which Twitter is rolling out now with its revamped Twitter Blue subscription, as well as support for a creator ecosystem, could pave the way for a payments system on its platform.
  • Paywall Video: The company was recently reported to be working on a “Paywalled Video” feature that would allow creators to charge for access to their content. This suggests Twitter could be moving into a space where it may try to compete more directly with various social media video providers, like TikTok, Instagram Reels, YouTube Shorts and others.
  • Creator opportunities: The Washington Post saw mockups of this concept where a tweet with a video could be unlocked for as little as $1.00. It said creators may be able to choose from preset prices, like $1, $2, $5 or $10 when paywalled videos were launched.
  • Musk then explained how this payments system could scale, saying that, once users gained a cash balance, Twitter could prompt them to move that money on its platform. It could even make a small donation to users’ accounts to get them started.  The move to enter the payments business ties to Musk’s larger plan to turn the social media platform into an “everything app” or “super app” called “X.”

See:  Rise of the super app

    • And you can send it anywhere within Twitter.
    • Later, the user could move their money out of Twitter by transferring it to an authenticated bank account.
    • The next step would be this offer for an extremely compelling money market account where you get an extremely high yield on your balance.
    • And then add debit cards, checks and whatnot and…just basically make the system as useful as possible. And the more useful and entertaining it is, the more people will use it

Continue to the full article  --> here


NCFA Jan 2018 resizeThe National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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5 Fascinating Ways Crypto & Blockchain Can Be Used in Tourism

Guest Post | Nov 10, 2022

Crypto tourism

From global aviation to cross-border payments, the innovation of blockchain is becoming unstoppable regarding the number of major industries it can be utilized to transform. One of the most promising industries in which blockchain has recently gained ground is tourism.

Annually, the global tourism industry is worth an incredible 1.31 trillion U.S. dollars. It’s predicted that this will surge even higher in 2022 to 1.67 trillion U.S. dollars. It may sound like a lot, but this is far below the value of the global tourism market before the global pandemic outbreak in 2020.

With global travel halted, the tourism industry took an enormous hit that it’s still recovering from. Before the outbreak, the phenomenon of crypto tourism was just starting to take off from 2017 onwards.

Generally, the travel industry is a forward-thinking sector and often more open to new, innovative ideas than other industries. In an attempt to revive the industry back to pre-pandemic levels, many are keen to incorporate cryptocurrency and its numerous benefits into the travel sector.

In this article, we’ll delve into five fascinating ways crypto can be used to overhaul the travel industry and how blockchain can revolutionize tourism.

What’s more, we’ll also be revealing the best way for you to get on board with crypto if you desire.

Now, let’s start exploring the world (of crypto)!

What Is Crypto Tourism?

First, let’s delve deeper into one of the most important topics of this guide. What is crypto tourism, and how does it work?

In the face of rising inflation and economic instability, the realm of blockchain technology and cryptocurrencies has seen enormous growth and expansion in recent years. As a result, crypto is becoming more widely accepted amongst vast swathes of society who have seen the numerous benefits of using it. Amongst these sections of society are tourists and tourist firms.

Business-savvy tourism companies saw the potential in the burgeoning community of crypto enthusiasts. They began to set up organized trips centered around cryptocurrency tourism that ranged from cruise vacations to package holidays. Often, these vacations feature crypto events, lectures, workshops, etc.

So, put simply, cryptocurrency tourism is a term used to define a form of travel service that is designed almost exclusively for people who are passionate and actively engaged in cryptocurrency. Naturally, it’s usually possible to pay for the entire package holiday or excursion entirely in cryptocurrency to make it additionally attractive to crypto enthusiasts.

Crypto tourism is a type of travel service that caters exclusively to cryptocurrency enthusiasts. It frequently entails organizing scheduled travel excursions that may be paid for in digital currency or include bitcoin lectures or lessons as part of the tour.

Amongst the wider crypto community, many travelers are attempting to target highly successful crypto traders or figures who are massively popular in the sphere, such as Vitalik Buterin, for example.

As well as paying for their vacation with cryptocurrency, crypto tourists will often take trips to countries where crypto plays a prominent role in society, such as El Salvador. When it comes to additional purchases such as food, souvenirs, drinks, and plane tickets, the tourism company will often try to ensure everything is able to be bought with digital currencies.

In contrast to conventional tourism, which often centers around fun and relaxation, crypto tourism is often defined by some serious aspects too, such as cryptocurrency conferences, workshops, exhibitions, networking events, and panel discussions.

How Can Blockchain Be Used in the Travel and Tourism Industry?

Blockchain and the travel industry

So, that’s the concept of crypto tourism covered. Now, let’s talk about blockchain. In this section, we’ll delve into four fascinating ways that blockchain can be successfully implemented in the travel and tourism sector to truly take it into the future.

Travel Loyalty Programs for International Travelers 

Across the travel industry, it’s common for frequent travelers to be given access to loyalty programs to encourage them to stick with one particular airline or hotel etc. Managing all of these loyalty programs can be a nightmare, but not with blockchain.

Blockchain can make the entire process of creating and managing loyalty programs far more simple and more straightforward. As a result, frequent travelers can seamlessly access their loyalty accounts, stay up to speed with what they’ve earned, and much more.

Travel loyalty programs are also plagued by fraudulent activity. Blockchain can combat this enormously.

Payments That Are Secure and Traceable

And last but not least is one of the most important parts of the travel industry: payments. From hotels to airlines, this is the foundation of survival for vital factors of the travel sector. Despite this, many payment processes in global travel are outdated and tiresome.

Blockchain technology can not only streamline payment processes and facilitate cross-border transactions, but it can also open the gateway for travel companies to take crypto payments in the form of major, well-established cryptocurrencies like Bitcoin, Ethereum, and Litecoin.

Exciting times, right? If you’ve never made crypto payments before, there are two things you need to know. First, do your research and understand what you’re getting into. Second, make sure you buy through a popular and prominent crypto platform. The following crypto website, for instance, offers free registration and beginner-friendly services.

Identification Services

From passports to verifying travel tickets, the travel and tourism sector places a huge reliance on services for identification. Truth be told, some current processes are really struggling to keep up with demand.

With blockchain, many innovative people are calling for it to be implemented with the potential to one day become the travel industry standard when it comes to identification services. For example, fingerprint scans and retina checkers verified through the blockchain can make things like passports completely obsolete and a thing of the past.

If implemented correctly, many predict that the implementation of blockchain technology could see an end to tedious waiting times at airports, especially in processes such as check-in.

Tracking and Tracing Tourist Luggage 

If you’ve ever lost your luggage on vacation, you’ll know how much of a bad experience it can be. The sad reality is that luggage vanishes very regularly. It’s a fact that over 1 million pieces of luggage are lost annually. Why? Well, usually, it’s because of the number of times it needs to change hands on an average journey.

This is where blockchain technology can come in to help. When a tourist’s bag is checked in for international travel, it will often change hands between multiple disconnected firms, making the risk of loss surge. Through the blockchain, baggage tracking data can be seamlessly shared between these firms through a decentralized ledger.

Case Studies of Crypto Tourism in Practice

Crypto tourism is growing

It all sounds great in theory, right? But it all means nothing until we see it in practice. Luckily, there’s an abundance of case studies of crypto tourism that we can look at to see how it looks in theory.

The first example of a famous crypto travel excursion is the 2017 Coinsbank blockchain cruise. The cruise was a fine blend of fun, relaxation, and crypto education. The travel event was inherently international and attracted crypto enthusiasts from more than 18 different countries.

And it was more than just enthusiasts on board this crypto cruise. It was also attended by experts from some of the biggest names in the crypto industry from the likes of Ledger and Bitcoin.com to Unocoin.

Secondly, were several travel businesses based in New Zealand. These companies provided a way for their crypto-loving clients to pay for travel packages, services, and more with their chosen digital currency.

Thirdly, we’ve also seen crypto travel planned for a range of intentions. For example, some crypto tours have been set up by various platforms to globally promote initial coin offerings (ICO). There’s also crypto-specific lectures, conventions, fairs, and conferences arranged by crypto promoters, blockchain industry figureheads, and similar.

What Kind of People Are Taking Advantage of Crypto Tourism?

Women – Crypto Tourism

Crypto tourism appeals to an enormous spectrum of potential clients. As a previously mentioned example, those who are successful or well-known in the crypto industry and seeking to book exclusive crypto travel packages and pay for them using decentralized currencies are the prime clientele.

However, it’s also increasingly appealing to people who can see the numerous benefits of implementing blockchain and crypto into global travel. And that’s not all.

As we put the 2020 pandemic behind us and more countries began to reopen their borders to global travel, crypto is making a resurgence in the travel industry. For example, it’s estimated that more than 21% of international travelers in the USA intend to pay for upcoming travel services using cryptocurrency.

To Sum Up, Crypto Tourism Is About to Depart to New and Exciting Destinations. But How Do You Get on Board?

And so, to sum up, whilst the number of people participating in crypto tourism may not be huge in the grand scheme of things, it’s growing incredibly fast. As the benefits of blockchain are realized across the travel sector, it will likely become even more widely accepted, and the price of blockchain-based cryptocurrencies like Bitcoin and Ethereum will likely surge as a result.

See:  The Bitcoin Family: Still on the Road—After Three Years!

To recap, blockchain and crypto implemented across the travel sector can bring with it an array of benefits such as

  • International travelers, tourists and travel-related businesses being granted a new and exciting way to make and receive payments for travel services.
  • Through events like crypto cruises that bring international crypto enthusiasts, industry experts, and more together, it provides the chance for an unrivalled learning experience.
  • It can streamline the world of global travel by enhancing airport experiences, tackling the staggering global losses of luggage, and making cumbersome aspects of travel a thing of the past.

But despite the incredible benefits of crypto and the blockchain, significant risks are also involved. Decentralized currencies are unregulated, and their value can rise and fall in a matter of seconds. This can lead to phenomenal gains or brutal losses. Always do your research before investing in cryptocurrency for the first time, and ideally, seek out the advice of a licensed financial professional to understand what you’re getting into. Invest responsibly and never invest more than you can afford to lose.


NCFA Jan 2018 resizeThe National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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Payments Canada Report: Rebound & Grow – Payment Methods and Trends in 2021

Payments Canada | Oct 4, 2022

Payments Canada Rebound and Grow report 2022Canada experiences rebound in transaction volume and value in 2021

Report Highlights:

  • Pandemic changes long-term payment preferences for 43% of Canadians
  • 50% of Canadians use e-commerce platforms more often than pre-pandemic
  • Contactless payment transaction value increased year-over-year in 2021 by 18%
  • Credit card use rebounded, increasing by six per cent
  • Mobile payments volume and value each grew by 13% year-over year
  • Cash and cheques declined nine per cent and six per cent respectively in volume, but increased 14% and seven per cent in value

See: 

Research: ECB publishes report on payment habits and attitudes as part of digital euro project

How the Big Five Banks Control Canada’s Payment Systems

Payments Canada Delays Launch of Real-Time Rails Again (without a timeline)

  • Online transfer transactions value exceeded debit cards for the first time ever in 2021
  • Almost one quarter (22%) of Canadians are comfortable making payments using QR (quick response) codes
  • 37% of Canadians are comfortable using fingerprint, facial, or voice recognition to authenticate a payment transaction
  • Buy now, pay later (BNPL) is beginning to take hold with almost 1 in 10 (eight per cent) of merchants accepting BNPL and 48% of merchants interested in offering it

The new report reveals that while many payment trends remain consistent in 2021, there is continued acceleration in digital, contactless and mobile payment adoption.

Continue to the full article --> here


NCFA Jan 2018 resizeThe National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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PayPal and Venmo are Adopting Apple Pay and More

9to5Mac | Chance Miller | Nov 3, 2022

PayPal and Venmo to adopt Apple Pay

PayPal made these announcements in an update to investors as part of its Q3 2022 earnings release. As one of its “strategic initiatives and business updates,” the company says it is “working with Apple to enhance our offerings for PayPal and Venmo merchants and consumers.”

There are different components to today’s announcement from PayPal, which also owns the popular peer-to-peer payment platform Venmo. Here they are:

  • Leveraging Apple’s Tap to Pay on iPhone technology, US merchant will soon be able to accept contactless debit or credit cards and mobile wallets, including Apple Pay, using an iPhone and the PayPal or Venmo iOS app.

See: 

PayPal Finally Allows Users to Transfer Crypto to Other Wallets and Exchanges

PayPal’s role in EU Antitrust complaint about Apple Wallet

  • Adding Apple Pay as a payment option in PayPal’s unbranded checkout flows on merchant platforms, including the PayPal Commerce Platform.
  • Next year, US customers will be able to add PayPal and Venmo network-branded credit and debit cards to Apple Wallet and use them anywhere Apple Pay is accepted.

Continue to the full article --> here


NCFA Jan 2018 resizeThe National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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Ant’s Global Payment Aggregator Now Has 1 Billion Users

TechCrunch | Rita Liao | Nov 4, 2022

Image – Ant Group Alipay+ perks via GCashAfter trying for years to replicate the success of its QR code-enabled payments solution overseas, Ant Group seems to have finally found a path to scaling. Instead of going after end users, the Alibaba-affiliated fintech giant has been quietly forming partnerships with local payments providers in Asia.

  • Ant dubs the payments processing network Alipay+ to distinguish it from Alipay, its consumer-facing wallet that has become ubiquitous in China. Alipay+ has integrated with 15 payment methods, allowing its partnered merchants to reach over one billion consumers, Angel Zhao, president of international business at Ant Group, said during the Singapore Fintech Festival on Thursday.

See:  China’s Draft Anti-Monopoly Guidelines on Platform Economy

It’s built something akin to the Mastercard or Visa network for digital payments, allowing consumers to travel easily with their mobile wallet from home.

  • To create a network effect, Alipay+ has been busy onboarding merchants. It’s supporting over 2.5 million businesses around the world today.
    • A Filipino tourist visiting Japan, for instance, can pull up their GCash wallet and pay at a store that supports Alipay+ by scanning a QR code; they can also display their wallet’s QR code for the cashier to scan.
    • a traveler from South Korea can pay at the store with Kakao Pay
    • Malaysian tourist with Touch ‘n Go. All the while, Alipay+ has automatically calculated and done the currency conversion part.
    • As of today, Alipay+ has integrated with the following payments providers in Asia:
      • Akulaku Paylater (Indonesia)
      • Alipay (Mainland China)
      • AlipayHK (Hong Kong)
      • Boost (Malaysia)
      • The Bank of the Philippine Islands app (The Philippines)
      • Dana (Indonesia)
      • EZ-Linke Wallet (Singapore)
      • HelloMoney by Asia United Bank (The Philippines)
      • GCash (The Philippines)
      • Kakao Pay (South Korea)
      • Rabbit Line Pay (Thailand)
      • TrueMoney Wallet (Thailand)
      • Touch ‘n Go eWallet (Malaysia)

See: 

Payments Canada Delays Launch of Real-Time Rails Again (without a timeline)

US-Euro Real-Time Payments Expected to Launch in 2022

X-Border Payments: European Central Bank Report says CBDCs Could Be ‘Holy Grail’

  • China’s internet giants are never short of customer acquisition tactics: On the landing page of GCash, users can find an entry to a list of merchant deals provided that they pay with Alipay+. At Shein’s pop-up store in Manila, Alipay+ gives users a PHP 130 or $2 discount at checkout. Other Alipay+ partnering wallets across Asia have similarly incorporated these perks.

Continue to the full article --> here


NCFA Jan 2018 resizeThe National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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Bank of Canada Speech: Ron Morrow, Executive Director at CIX Summit – Retail Payment Regulations

Bank of Canada | Ron Morrow | Nov 2, 2022

Ron Morrow, Executive Director, BoC

Image: Ron Morrow, Executive Director, BoC at CIX 2022

BoC Regulation:  New technology means new payment options—and new rules

  • Growth:  In recent years, we’ve seen a sharp rise in the use of mobile and digital payments.  Canadians place their trust in payment service providers (PSPs) every day. When money changes hands electronically in new and different ways, we at the Bank need to make sure that we protect both consumers and the payments system.  The federal government passed the Retail Payment Activities Act last summer, making the Bank responsible for supervising PSPs.

See:  Payments Canada Delays Launch of Real-Time Rails Again (without a timeline)

  • Who will be affected:  Our new supervisory framework could apply to anyone in the business of helping people and companies make financial transactions (or transfer and store their money through electronic means). This includes: payment processers, digital wallets, and money transferers
  • Register with BoC:  Under the new rules, PSPs will be required to register with the Bank of Canada.
    • Banks and credit unions aren’t part of this new framework because they are already supervised at the federal and provincial levels.
    • BoC will maintain public lists of all PSPs that have signed up or had their registration refused or revoked
    • Enforcement: We have the power to take action if a PSP does not comply with the Act or its regulations.
    • Risk-based:  The new rules will apply to many entities, but we won’t adopt a one-size-fits-all approach because we recognize that not all PSPs are set up or operate in the same way. This means that the actions we take in our supervisory role will be guided by the level of risk each PSP may pose to consumers and the payments system.
      • We will require PSPs to ensure that they return funds to end users if the PSP becomes bankrupt, but we won’t prevent that bankruptcy from happening in the first place.
      • We will establish clear requirements and expectations so that PSPs can adjust their operations in line with the rules.
    • We also won’t handle customer complaints about fees or other issues they may have with the treatment they receive from a PSP.

See:  Bank of Canada: The Latest on Retail Payments Supervision and Survey

  • What's next?  The Department of Finance Canada will publish the draft regulations online in the near future so PSPs can provide comments. Once the regulations are finalized, we will publish our guidance and asking for more feedback.

Continue to the full article --> here

Read the full speech --> here


NCFA Jan 2018 resizeThe National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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Can Canada go Cashless?

Global News | Alley Wilson & Anne Gaviola  | Oct 29, 2022

Customer at Aisle24Whether you pay by debit, credit, mobile wallet or smartwatch, speed and convenience are driving the way Canadians are choosing to pay, but it all comes with a price — cash as a payment option is steadily declining.

  • Cashless is Trending
    • Pandemic: The spike in digital adoption was fuelled in part by the pandemic, as Canadians turned to virtual, mobile and online payment transactions in record numbers.
    • Payment options:  In Canada, credit cards remained the top method of payment followed by debit, with Canadians reiterating ease, speed and convenience as the reasons they opt for plastic over cash, according to Payments Canada’s most recent report.

See:  Cashless society: We need to take digital jail seriously

  • With Canadians opting for more contactless, digital forms of payments, more doors open for newer, more futuristic in-store shopping experiences, like Aisle 24.  “We have people coming into our stores with nothing but their phones or nothing but their watches because that’s the trend,” says Yong, adding that most customers are in and out of Aisle 24 within five minutes.
  • Trust:  "Part of Canada’s success with switching to contactless forms of payment is that we trust the technology" - Mark Hayward, Associate professor at York University
  • A recent Global Payments Report projects that by 2025, cash will only make up three per cent of all point-of-sales transactions in Canada — one of the lowest cash payment rates in the world.
  • We need to think about equal access to services:  Hayward says a cashless society isn’t just about the selling and purchasing of items, but it’s a much broader question about caring for everyone around us and making sure everyone has equal access to services.
    • “We can think about this in terms of older users who don’t want to use new technology. We can think about this in terms of unhoused people who may not have bank accounts for whom access to digital commerce may be very difficult.”
    • There are still a lot of businesses that rely on cold, hard cash.  “The cafe down the street is still cash only. The liquor and lounge across the street, they’re cash only. The barber shop where I get my haircut, she’s cash only,” she says. “There are a lot of cash-only places.”

See:  Card Usage is Declining to Digital Wallets: Fee Structure is Unsupportable and Facing Competition

  • In a report, Nye wrote that even though cash transactions are declining, demand for cash was at its highest level in 60 years. Nye adds the reason why Canadians stash cash during tumultuous times is because it provides a sense of comfort and security.  “It protects against things like cyber vulnerabilities, potential power outages, telecom outages like we saw this summer. There’s some safety that’s afforded by having access to physical cash.”
    • Although experts like Nye believe Canada is still a long way from becoming a truly cashless society, there’s still talk of new currencies and services, such as micro-payments, buy now pay later, crypto or even central bank digital currencies, which our central bank, the Bank of Canada, is studying.

Continue to the full article --> here


NCFA Jan 2018 resizeThe National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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