Latest opinions that Jeremy Light has shared on Finextra

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Jeremy Light

Co-founder

Fourdotzero

Member since

24 Jun 2009

Location

London

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Jeremy's opinions

Bitcoin, a Living Service

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 recently (his twitter feed and youtube videos are a good source of Bitcoin insight), banks are making press announcements about successful international b...

14 November 2016 /payments

Metcalfe’s Law, Network Effects and Numbers - the Economic Network Called Bitcoin

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 revolutionary, but the application of the technology has created a new economic phenomenon, making Bitcoin fascinating to observe. The Bitcoin network is multi...

30 May 2016 /payments

Do payments move on rails? - answer: they don't

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 wagons of cash moving around the country on rails between banks and other institutions when payments are made? Obviously, in the literal sense this is...

09 May 2016 /payments /retail

The Bitcoin Enigma - 12 questions to chew on

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 caught it off-guard, and it neither likes nor wants it. Instead, it is focussing on its underlying technology, the “blockchain”, “distributed ledger te...

25 April 2016 /payments

Card payments v real-time ACH: a global battlefield

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 universally the ISO8583 standard. This uniformity and ubiquity are a remarkable achievement, especially in comparison to the much lower volume interbank paym...

18 April 2016 /payments

Ethereum - A Blockchain for Banks? A Challenger to Bitcoin?

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 was then only 20 years old, and the audience was spellbound. His is the only business presentation I have ever seen displaying computer code - and only...

10 April 2016 /payments

Predictions for the payments landscape in 2016

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 are available for 2015, but in the meantime, here are listed my predictions for 2016. They are based on extrapolating observable trends and on pieci...

08 February 2016 /payments

Bitcoin's accelerating momentum - is it unstoppable?

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 companies and their valuations - but these provide a largely superficial view, giving little insight to Bitcoin’s true dynamics. Instead, other indicators i...

12 January 2016 /payments

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