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Tony Fadell, a career Silicon Valley executive known as the “Father of the iPod”, unveiled his latest project - a hardware wallet used to store cryptocurrency offline.
Fadell spent almost a decade at Apple under Steve Jobs, where he oversaw the design of the portable music player, and later helped create the company's best-known device, the iPhone.
After quitting Apple in 2008, he launched Nest Labs, a smart home-devices company. Nest was later acquired by tech giant Google for $3.2 billion.
Now Fadell has teamed up with Ledger, the French technology firm, to design a new offline cryptocurrency wallet.
The recent collapse of crypto exchange FTX, which has seen more than $1 billion of customer’s funds vanish, prompted an unprecedented surge in demand for offline, or "self-custody", services such as Ledger.
Previous models released by Ledger, such as the Nano S, have been shaped like USB memory sticks.
Fadell's new design, the Ledger Stax, is a credit-card sized device featuring a curved spine and electronic-ink display.
"All of the secure hardware up to this point was like all the MP3 players before the iPod, and it was time for an iPod," said Ian Rogers, chief experience officer at Ledger.
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Fadell spent almost a decade at Apple under Steve Jobs, where he oversaw the design of the portable music player, and later helped create the company's best-known device, the iPhone.
After quitting Apple in 2008, he launched Nest Labs, a smart home-devices company. Nest was later acquired by tech giant Google for $3.2 billion.
Now Fadell has teamed up with Ledger, the French technology firm, to design a new offline cryptocurrency wallet.
The recent collapse of crypto exchange FTX, which has seen more than $1 billion of customer’s funds vanish, prompted an unprecedented surge in demand for offline, or "self-custody", services such as Ledger.
Previous models released by Ledger, such as the Nano S, have been shaped like USB memory sticks.
Fadell's new design, the Ledger Stax, is a credit-card sized device featuring a curved spine and electronic-ink display.
"All of the secure hardware up to this point was like all the MP3 players before the iPod, and it was time for an iPod," said Ian Rogers, chief experience officer at Ledger.
#smarthome0 #cupertino2 #bulletins #cupertino1 #cupertino0 #stevejobs9 #stevejobs8 #custodial9 #smarthome9 #stevejobs7 #stevejobs #smarthome8 #stevejobs6 #custodial8 #experience9 #custodial7 #experience2 #custodial6 #smarthome7 #custodial5 #cryptocurrency #custodial4 #cupertino #experience1 #smarthome6 #custodial3 #custodial2 #custodial1 #custodial0 #stackable9 #bulletins4 #experience8 #stevejobs5 #stevejobs4 #stackable8 #experience7 #smarthome #smarthome5 #stevejobs3 #stackable7 #stackable6 #bulletins5 #experience6 #stevejobs2 #stevejobs1 #experience5 #stevejobs0 #experience0 #bulletins3 #smarthome4 #stackable5 #smarthome3 #custodial #services #stackable4 #stackable3 #cupertino9 #smarthome2 #cupertino8 #cupertino7 #stackable2 #stackable #experience4 #stackable1 #cupertino6 #cupertino5 #bulletins2 #bulletins1 #stackable0 #smarthome1 #experience #experience3 #bulletins0 #cupertino4 #cupertino3 #monetary #bulletins4
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Cannabis dispensaries across the U.S. are rushing to find alternative ways for customers to pay after networks that supported a popular workaround to the banking system began to shut down.
Cashless ATMs, also called “point of banking” systems, allowed cannabis buyers to use a bank card instead of cash. The method had evolved to get around the fact that credit-card companies and banks don’t want involvement in still federally illegal marijuana transactions.
Now the system is faltering because some of the largest processors of ATM transactions, have turned off the ability of processors to use their service.
Small dispensaries in Arizona, California and Massachusetts have all experienced outages, according to employees who were recommending that customers use cash.
Large dispensary chains of multi-state operators were also said to be affected.
Customers’ preference for the convenience of cashless-ATM-style systems had generated hundreds of millions of dollars in fees for little-known payment processors.
The crackdown on cashless ATMs comes exactly a year after Visa had said it was “aware of a scheme” involving cashless ATMs and that such transactions are prohibited on its network. While there are alternative payment technologies that are more compliant, some dispensaries see them as burdensome, and clunky for customers.
#dispensaries2 #dispensaries8 #technologies9 #dispensaries7 #dispensaries6 #transactions5 #alternative6 #cashlessatm0 #dispensaries5 #technologies8 #alternative9 #technologies4 #dispensaries #transactions #alternative5 #transactions4 #alternative8 #confidential6 #confidential5 #technologies3 #technologies2 #transactions4 #technologies1 #confidential4 #cashlessatm #transactions3 #alternative7 #dispensaries4 #alternative4 #technologies0 #dispensaries1 #alternative3 #technologies7 #dispensaries0 #transactions2 #confidential3 #alternative2 #transactions9 #preference #california #transactions1 #massachusetts #confidential2 #workaround #alternative #transactions8 #transactions7 #confidential1 #transactions0 #confidential #dispensaries3 #confidential9 #confidential8 #alternative1 #alternative0 #technologies #technologies6 #confidential0 #transactions6 #technologies5 #dispensaries9 #confidential7
Cashless ATMs, also called “point of banking” systems, allowed cannabis buyers to use a bank card instead of cash. The method had evolved to get around the fact that credit-card companies and banks don’t want involvement in still federally illegal marijuana transactions.
Now the system is faltering because some of the largest processors of ATM transactions, have turned off the ability of processors to use their service.
Small dispensaries in Arizona, California and Massachusetts have all experienced outages, according to employees who were recommending that customers use cash.
Large dispensary chains of multi-state operators were also said to be affected.
Customers’ preference for the convenience of cashless-ATM-style systems had generated hundreds of millions of dollars in fees for little-known payment processors.
The crackdown on cashless ATMs comes exactly a year after Visa had said it was “aware of a scheme” involving cashless ATMs and that such transactions are prohibited on its network. While there are alternative payment technologies that are more compliant, some dispensaries see them as burdensome, and clunky for customers.
#dispensaries2 #dispensaries8 #technologies9 #dispensaries7 #dispensaries6 #transactions5 #alternative6 #cashlessatm0 #dispensaries5 #technologies8 #alternative9 #technologies4 #dispensaries #transactions #alternative5 #transactions4 #alternative8 #confidential6 #confidential5 #technologies3 #technologies2 #transactions4 #technologies1 #confidential4 #cashlessatm #transactions3 #alternative7 #dispensaries4 #alternative4 #technologies0 #dispensaries1 #alternative3 #technologies7 #dispensaries0 #transactions2 #confidential3 #alternative2 #transactions9 #preference #california #transactions1 #massachusetts #confidential2 #workaround #alternative #transactions8 #transactions7 #confidential1 #transactions0 #confidential #dispensaries3 #confidential9 #confidential8 #alternative1 #alternative0 #technologies #technologies6 #confidential0 #transactions6 #technologies5 #dispensaries9 #confidential7
Trending Updates
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Master C.
Jan 8, 2023
We are looking for the best of the best from our members to join our Premier Master Enabler Program. Focusing right now on International Expansion and New Market Entry professionals for Europe, Latin America, and the USA. Interested in learning more message Master Connector here or email - masterenabler@fintechconnector.com
Upvoted by Johannes and 11 others
Upvoted by 12
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Master C.
Aug 9, 2022
Meet our FinTech Connector Switzerland Cruise sponsors on September 9th in Zurich.
Lloyd's & Partners (VIP Gold Sponsor) and VISA Europe (Premier Sponsor).
We want to thank Lucas T. Landolt (Lloyd's & Partners), Adrian Burgi (Lloyd's & Partners) and Santosh Ritter (VISA) for your support and we look forward to meeting you in Zurich.
There is still time to RSVP for our premier event of the year - https://www.eventbrite.com/e/fintech-connector-switzerland-networking-lunch-cruise-vip-dinner-registration-239437362597
Thank you Fabian Lehner for organizing this event for our FinTech Connector members and partners.
#FinTechConnector #Switzerland #Zurich #Event
Lloyd's & Partners (VIP Gold Sponsor) and VISA Europe (Premier Sponsor).
We want to thank Lucas T. Landolt (Lloyd's & Partners), Adrian Burgi (Lloyd's & Partners) and Santosh Ritter (VISA) for your support and we look forward to meeting you in Zurich.
There is still time to RSVP for our premier event of the year - https://www.eventbrite.com/e/fintech-connector-switzerland-networking-lunch-cruise-vip-dinner-registration-239437362597
Thank you Fabian Lehner for organizing this event for our FinTech Connector members and partners.
#FinTechConnector #Switzerland #Zurich #Event
Upvoted by Greg and 8 others
Upvoted by 9
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Master C.
Jun 17, 2022
As the global economic environment is shifting, now more than ever partnering with the right organizations to increase business opportunities, focus on revenue growth, and drive innovation is critically important.
We can help you on your fintech and innovation journey.
Click on the link to learn more and let's jump on a call to discuss your business objective - https://www.fintechconnector.com/organizations
#FinTechConnector #Innovation #Partnerships #BusinessDevelopment
We can help you on your fintech and innovation journey.
Click on the link to learn more and let's jump on a call to discuss your business objective - https://www.fintechconnector.com/organizations
#FinTechConnector #Innovation #Partnerships #BusinessDevelopment
Upvoted by Brian and 4 others
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Angel L.
Jan 11, 2023
I wrote an article that highlights the opportunities and challenges of digital transformation in banking and covers points on having a well-thought-out plan, organizational culture, and how to get started with partners that have done it already.
Click to read the article - https://www.fintechconnector.com/blog-actual/2023/1/9/innovating-banks-start-with-a-digital-transformation-plan
Sharing with our Financial Service Automators - Vikas Bansal Erik Gillet Darrell Wright Luisa Franco Batu Sat Simon Weifenbach Les Riedl Andy Lin Jenna Chamra Craig Schwartz Robert Lacoursière Michael Montecuollo Jonathan Blessing Christin Nagel Shweta Mahajan Michael Young Martina Rousseau Ridham Modi Trena Blair Jen Gonzalez Carlos M. Mendes
Click to read the article - https://www.fintechconnector.com/blog-actual/2023/1/9/innovating-banks-start-with-a-digital-transformation-plan
Sharing with our Financial Service Automators - Vikas Bansal Erik Gillet Darrell Wright Luisa Franco Batu Sat Simon Weifenbach Les Riedl Andy Lin Jenna Chamra Craig Schwartz Robert Lacoursière Michael Montecuollo Jonathan Blessing Christin Nagel Shweta Mahajan Michael Young Martina Rousseau Ridham Modi Trena Blair Jen Gonzalez Carlos M. Mendes
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Stephen W.
Mar 18, 2022
See our recent WealthTech 2022 report for a range of viewpoints and thinking on the main trends for WealthTech in 2021/2022.
https://www.thewealthmosaic.com/vendors/the-wealth-mosaic/news/wealthtech-2022-is-live/
This is one of an expanding number of reports we've created at The Wealth Mosaic on technology in wealth management. Next up is our second ESG report, then our second Blockchain & DLT report, then our first US RIA WealthTech report.
https://www.thewealthmosaic.com/vendors/the-wealth-mosaic/news/wealthtech-2022-is-live/
This is one of an expanding number of reports we've created at The Wealth Mosaic on technology in wealth management. Next up is our second ESG report, then our second Blockchain & DLT report, then our first US RIA WealthTech report.
Upvoted by Diego and 7 others
Upvoted by 8
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Luisa F.
Mar 7, 2024
Hello Fintech Connector Community! I have a bank client looking for fintechs that are interested in bank sponsorship. If you're in the market for a bank sponsor, please message me.
Upvoted by Stuart and 2 others
Upvoted by 3
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Angel L.
Apr 17, 2022
Another powerful report from FIS on global payments. This is a 156-report that gives you global payments trends, key insights, and other important ecosystem information.
The payments space continues to evolve with super apps, CBDCs, embedded finance, evolution of real-time payments, banking the unbanked, and more...
Check out the report and use it as a reference guide for what's happening and what's coming in payments.
I want to thank Ahmed Refaie Abdo from DSRPTD in the UAE for sharing it with me.
What are your thoughts? Steven Wasserman, Mario Cohen, Jaroslaw Sarwa, Angel Lorente, Carlos M. Mendes , Fabian Lehner , Elena Kozhemyakina , Jaroslaw Sarwa , Adam Ull , Sefa Bicer , Shafique Ibrahim
#fintechconnector #fintech #financialservices #innovation #payments #CBDC #cryptocurrency
The payments space continues to evolve with super apps, CBDCs, embedded finance, evolution of real-time payments, banking the unbanked, and more...
Check out the report and use it as a reference guide for what's happening and what's coming in payments.
I want to thank Ahmed Refaie Abdo from DSRPTD in the UAE for sharing it with me.
What are your thoughts? Steven Wasserman, Mario Cohen, Jaroslaw Sarwa, Angel Lorente, Carlos M. Mendes , Fabian Lehner , Elena Kozhemyakina , Jaroslaw Sarwa , Adam Ull , Sefa Bicer , Shafique Ibrahim
#fintechconnector #fintech #financialservices #innovation #payments #CBDC #cryptocurrency
Upvoted by Michelle A. and 7 others
Upvoted by 8
5 comments
Master C.
Oct 5, 2022
Great seeing our Mexico Community Partner Sofia Gamboa on El Financiero Factor Fintec speaking with Sergio Loredo about fintech in Mexico.
Watch the interview here - https://www.elfinanciero.com.mx/video/tv/factor-fintech/2022/10/01/entrevista-con-sofia-gamboa-de-fintech-connector-por-sergio-loredo-factor-fintec-4-t4/
NOTE: The interview is in Spanish.
Watch the interview here - https://www.elfinanciero.com.mx/video/tv/factor-fintech/2022/10/01/entrevista-con-sofia-gamboa-de-fintech-connector-por-sergio-loredo-factor-fintec-4-t4/
NOTE: The interview is in Spanish.
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Master C.
May 13, 2022
SWITZERLAND IS CALLING ALL FINTECH CONNECTOR MEMBERS...
Join us in Zurich in September for a networking lunch cruise around Lake Zurich.
RSVP today and meet members from over 10+ countries in one of the most beautiful cities in Europe.
Here is the link - https://www.eventbrite.com/e/fintech-connector-switzerland-networking-lunch-cruise-vip-dinner-registration-239437362597
#FinTechConnector #Community #Zurich #Events
Join us in Zurich in September for a networking lunch cruise around Lake Zurich.
RSVP today and meet members from over 10+ countries in one of the most beautiful cities in Europe.
Here is the link - https://www.eventbrite.com/e/fintech-connector-switzerland-networking-lunch-cruise-vip-dinner-registration-239437362597
#FinTechConnector #Community #Zurich #Events
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Angel L.
Nov 11, 2022
Great to see how we have come a long way since our Meet Ups at Hurley's in NYC to now travelling the world to connect people, opportunities, and capital. Looking forward to our 2023 FinTech Connector events being announced shortly.
Hope to have many of our members joining us on our Innovation Days, Cruises, and VIP Member Dinners.
Thanks to our Community Partners Fabian Lehner Jaroslaw Sarwa Elena Kozhemyakina Shmuel Ben Tovim Mario Cohen Narayanan Ganapathy Meriem Yacoubi Varsenia Stoyanova Aleksandra Ossowska Alfonso Ballesteros Ryohei Uetani Sofia Gamboa Vikas Bansal Shaul Lifshitz
Hope to have many of our members joining us on our Innovation Days, Cruises, and VIP Member Dinners.
Thanks to our Community Partners Fabian Lehner Jaroslaw Sarwa Elena Kozhemyakina Shmuel Ben Tovim Mario Cohen Narayanan Ganapathy Meriem Yacoubi Varsenia Stoyanova Aleksandra Ossowska Alfonso Ballesteros Ryohei Uetani Sofia Gamboa Vikas Bansal Shaul Lifshitz
Upvoted by Vikas and 12 others
Upvoted by 13
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