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Bruce B. Nov 29, 2022
Financial Services News
Last active over 7 days
Last active over 7 days
Welcome to the Bullet Point Bulletins Weekly Wrap-Up With Bruce Burke and Tedd Huff of Fintech Confidential.

This week we are discussing how JP Morgan’s Onyx Blockchain is being used to transact intraday repos.

And we’ll be talking about their recently trademarked “JP Morgan Wallet”.

And of course well the talking about Binance’s $1-2 Billion Dollar Crypto Industry Recovery Fund which aims to bail out the industry.

We're also talking about how Binance is investing in a self-custody hardware crypto wallet solution from Ngrave.

And we're also talking about how the Reserve Bank of India is doing a retail CBDC pilot program, creating the digital rupee. They are trialing it with a large list of banks, payment companies, and service providers.

A special shout out to Tedd Huff of @Fintech Confidential for his support and interaction on this and many other projects.

We'll continue to do this wrap-up every week we are able. It's interesting to discuss these happenings with Tedd.

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https://youtu.be/P3paEl5odDs
 
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Bruce B. Nov 23, 2022
Financial Services News
Last active over 7 days
Last active over 7 days
Having tested the wholesale usage of its central bank digital currency (CBDC), the Reserve Bank of India (RBI) is preparing to conduct the retail pilot of the “digital rupee.”

According to the Economic Times of India, the RBI is in the final stage of preparing the rollout of the retail digital rupee pilot, which should launch within a month.

Among the first participants are the State Bank of India, Bank of Baroda, ICICI Bank, Union Bank of India, HDFC Bank, Kotak Mahindra Bank, and Yes Bank.

The pilot plans to eventually include all banks in India. Each bank participating in the trial will test the CBDC among 10,000 to 50,000 users.

To integrate the new payment option, the banks will collaborate with PayNearby and Bankit. The CBDC Infrastructure will be held by the National Payments Corporation of India.

Both customers and merchants will have to download the special wallets for the CBDC.
The digital rupee is intended as a supplement to the current payment system, and not its replacement.

The wholesale segment pilot for the digital rupee was launched by Reserve Bank of India on Nov. 1. Its main use case has been the settlement of secondary market transactions in government securities.

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https://youtu.be/zng0LZHGeWA
 
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Bruce B. Nov 22, 2022
Financial Services News
Last active over 7 days
Last active over 7 days
Welcome to the Bullet Point Bulletins Weekly Wrap-Up show with Tedd Huff of Fintech Confidential.

This week we are discussing how U.K. Regulators are tightening laws around Buy Now, Pay Later services.

And of course we are looking at the continuing saga at FTX, as their top three executives have been fired.

We're also talking about how Square and American Express are partnering on an AMEX for Square Merchants.

And we're also talking about how CZ, CEO of Binance, the world’s largest cryptocurrency exchange is saying “Don't Buy The Dip”. It's all interesting, fun and exciting on the weekly wrap-up.

A special thank you to Tedd Huff of Fintech Confidential for his support and interaction on this and other projects.

It's always interesting to discuss these happenings with him.

I found it interesting that we got into a discussion about hardware wallets in this episode filmed Sunday, and Binance announced investing in Ngrave on Monday.

#intelligence6 #confidential4 #dontbuythedip1 #confidential3 #confidential2 #confidential9 #confidential8 #intelligence1 #intelligence0 #confidential #dontbuythedip9 #convergence9 #convergence8 #dontbuythedip8 #confidential1 #convergence7 #intelligence5 #dontbuythedip7 #intelligence4 #confidential0 #confidential7 #intelligence #hmtreasury1 #confidential6 #cryptocurrency #dontbuythedip3 #intelligence5 #intelligence3 #dontbuythedip6 #intelligence6 #confidential4 #dontbuythedip1 #convergence #technology #dontbuythedip2 #intelligence9 #intelligence1 #dontbuythedip5 #convergence6 #convergence5 #convergence4 #intelligence8 #hmtreasury0 #dontbuythedip0 #dontbuythedip4 #authority #convergence3 #convergence2 #convergence1 #convergence0 #ombudsman #confidential5 #hmtreasury #dontbuythedip #intelligence7 #intelligence2 #investors

https://youtu.be/3b36OXlQrp0
 
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