mimetic desire unfolding: chinese mobile app giant embeds payments successfully in a huge closed loop system (WeChat, Alipay). US social media giant desires Chinese success & copies by adding “stablecoin” properties (Libra). Chinese tech desires US social media grand vision and imitates (Huawei). every move points to a splintering of the global financial system (via this mimetic desire dynamic). what remains unclear is how the conflict will be resolved. https://lnkd.in/eb5ZD_A #crypto #blockchain #fintech #innovation #socialmedia #facebook #system #huawei #payments #wechat #alipay #libra …see more

‪the Libra hearings lessons:‬ ‪- lawmakers know little about fin services & tech (in this instance it may be hampering society)‬ ‪- Libra is not ready for prime time‬ ‪- Libra is centralized and will remain more centralized than less for a while‬ ‪- FB is obfuscating every which way ‬ ‪ ‪- Libra will impact fx, monetary policies, and is a geopolitical hot potato fresh out of its white paper.‬ ‪- data and identity are intricately related with the payments use cases‬ ‪- Libra has little to do with crypto or blockchain ‪- unavoidably so, FB l will he about the only biz that benefits from Libra and so will states that allow it to operate. on the basis that states will be granted the rights and oversight they seek (more control over data). #crypto #blockchain #payments #tokenization #fintech #cryptocurrencies #capitalmarkets #regulation #economics #banking #money …see more

congratulations to Tom & team. anecdotally, i am attending my daughter’s uni graduation in the UK. she is the least tech aware & out of the blue asked about Monzo, telling many of her friends have already opened an account. seems Monzo is going mainstream indeed in the UK. my question is, are growth opportunities in the Us on par or higher than in the UK to branch out across the Atlantic? …see more

‪ZuckCoin:‬ ‪- big on vision short on details (to be expected at this point)‬ ‪- roadmap to creating many ennemies at once‬ ‪- not crypto/blockchain‬ ‪- a fintech moment (wanting to disrupt financial services)‬ ‪- no link whatsoever w/bitcoin (actually the anti bitcoin)‬ ‪- Swiss‬ ‪- 🍿🍿🍿🍿‬ …see more

if the revenue model is based on transactions, you want your customers to have accessibility at all times. if the revenue model is based on float, you build selective friction. if the revenue model is based on both, you get creative. …see more

Microsoft fully managed blockchain service. notice the partnership with JPMorgan. #microsoft #jpmorgan #innovation #blockchain #banking

there is no stopping technology. no wonder all regulators and c-banks, and BIS and the IMF are boning up on blockchain & crypto. i’ll say it again, capital markets & asset management are about to be upended as never before. #blockchain #crypto #capitalmarkets #tokenization #digitalassets #fintech #cryptocurrencies #innovation …see more

recommended read. then apply your thoughts to financial services, #fintech , #AI , #cryptocurrencies , #blockchain .

plus the many more that are flying under the radar still. #blockchain #ethereum #defi #fintech #crypto #cryptocurrencies #tokenization https://lnkd.in/eCnJf9T

i love the #payments industry. there are endless ecosystems that lend themselves to innovation, better customer service, faster access... an endless quest.

i have seen this movie before. tough ending if my memory serves me right. #lending #capitalmarkets #banking #shadowbanking

Really looking forward to chatting with my friend and colleague Mohamed El-Erian - he is such a rockstar!

At first blush, President Trump’s announcement yesterday that the US may reconsider its decision to abandon the Trans Pacific Partnership makes very little sense. But dig a little deeper, and it is easy to see why Trump might want to revive #TPP as part of his strategy for taking on China’s economic rise: …see more

Physical retail was broken long before the pandemic accelerated its decline. So, thinking that consumers will “go back” to what used to define the physical retail experience means believing that consumers will want to do more of what many had already decided they wanted to do less of: shop in the physical store. The only thing holding many consumers back from abandoning physical retail was inertia, something that the pandemic has motivated consumers to overcome. Now that they have there’s no turning back. …see more

TV personality and celebrity event planner Colin Cowie tells me that the pandemic is forcing the hospitality and event industries to rethink everything. He thinks talk of raising prices to cover COVID-19 precautions as you take away amenities like hotel spas or minibars for safety reasons is more than ill-advised, it’s just plain dumb. Instead, Cowie says the innovators — and survivors — will pivot to thinking of events as ‘hospertainment’. Here’s his playbook for how they should do that. …see more

Credits, classes, unlimited passes and community — there are a variety of ways for a mobile-first firm to make it big in the health-and-fitness world. ClassPass CEO Fritz Lanman speaks with me about ClassPass’ path to success, and how he knew from day one that this experience-driven fitness platform would get enough consumers off the couch, and working out to be a huge hit. …see more

What does buying spinning shoes at 37,000 feet, Season Three of #Netflix blockbuster, Stranger Things, and town hall meetings organized by small merchants in 1893 have to do with the grilling given Big Tech on Capitol Hill last week? Plenty, they’re all proof points about the importance of consumer choice, and the power of the consumer, not lawmakers, to drive change when the status quo no longer meets their needs. …see more

Apple is taking some major heat after it announced last week that it would no longer report unit sales of iPhones and other devices. I think it’s part of a carefully planned strategy to shift the focus away from how it intends to boost the Services revenue it wants to fill the gap. Just like Ali’s famous Rumble in the Jungle Rope-A-Dope, be prepared for Apple to come out swinging with the most powerful punch it has: eventually taxing any and all of the apps in its powerful apps ecosystem. …see more

We surveyed 400 small to mid-sized retailers to gauge what's holding back innovation at the physical point of sale and what they must do to gain a competitive edge.

When Amazon  realized that businesses were already shopping on their site, there was just one thing to do, the head of commercial customers for Amazon Business Martin Rohde told me: Build a specialized eCommerce platform just for B2B buyers. That platform, Amazon Business, has more than 1M business customers and 85,000 suppliers — all of whom, Rohde says, address the 20 percent of the business purchasing spend that isn’t predictable, nor related to the core operations of the business. …see more