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Maxim's blog archive

2021 (2)
Maxim Kazakov

Maxim Kazakov

CEO at Open Transaction Systems
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Cryptocurrency Insights

Is Ripple in trouble?

04 Mar 2021

No, Ripple is in big trouble. US Securities and Exchange Commission (SEC) filed a lawsuit against Ripple and its executives last December for selling Ripple’s cryptocurrency XRP. This is a $1.3 billion illegal security offering. What a shame. Everything seemed so good since Ripple’s launch in 2012. Ripple is a peer-to-peer, centralized, privately o...


Is VISA a colossus on clay feet?

03 Mar 2021

The correct answer is ‘Yes’. Payment technology by VISA and MasterCard had no alternative 20 years ago. Credit or debit card as a customer ID, PIN for authentication, POS terminal to capture transaction details, private network based on ‘star’-like topology to transmit payment data, bank back-offices with poor 12x5 availability that required addi...



Does Fecebook’s Libra pose any real threat to economy?

01 Mar 2021

The correct answer is ‘No’. Libra threatens banks as well as VISA and MasterCard. Actually, there is nothing wrong with Libra. This ‘stablecoin’ is just a fictious digital surrogate for money. Facebook aims to replace traditional or ‘fiat’ currencies like dollar, euro, yen, etc. with Libras in it’s own worldwide digital payment ecosystem. A Facebo...