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I was asked recently why Bitcoin is becoming popular with millennials. To answer, I have three points. First, Bitcoin works. As the Bitcoin evangelist, Andreas Antonopoulos pointed out in a tweet rece...
Bitcoin is an economic network – it started from nothing seven years ago and continues to grow fast. Its economics are much more interesting than its technology. The technology isn’t new or revolution...
I have noticed an increasing casual use of the term “rails” to describe payment systems, in particular “card rails”, “ACH rails”, and even “blockchain rails”. But do payments move on rails, are there ...
I am fascinated by Bitcoin. It gives a glimpse into the future architecture of money and finance, one that is very different to today. Understandably, the Banking industry dismisses it. Bitcoin has ca...
Global card transaction volumes outnumber global interbank payment volumes by a wide margin: approximately 206 bn txns v 108 bn txns per year (Accenture Research). Card transactions use almost univers...
At Sibos 2014, in Boston, I found myself at the Innotribe forum watching a presentation from Vitalik Buterin, one of the founders of the Ethereum blockchain who had the original idea and vision. He wa...
A year ago I published my predictions for the payments landscape in 2015 on my linkedin profile https://uk.linkedin.com/in/jeremylight1. I will publish a summary on how they fared when more statistics...
BITCOIN’S ACCELERATING MOMENTUM Bitcoin’s momentum is accelerating and cannot be ignored. Many commentators focus on the price of bitcoin, its volatility, the amount invested by VCs in Bitcoin compani...
The banking industry is facing several dilemmas with distributed consensus ledger technology (the "blockchain"). Bitcoin has shown banks how the technology can be revolutionary, causing much...
Sibos 2015 is almost here, and Singapore beckons. Key themes I expect to dominate Sibos are real-time, or immediate payments, PSD2 for the European banks and distributed consensus ledgers, particularl...
Last week I blogged on Bitcoin transactions, commenting on how they are steadily growing. I did not explore what these transactions were for, but one commentator expressed doubt they were for commerce...
For the year-to-date at the end of August 2015, the total number of bitcoin transactions has increased by 70% over the same eight-month period in 2014. For the month of August 2015, the average daily...