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Riksbank’s Hanna Armelius: Central banks need to consider issuing digital currencies or leave citizens vulnerable to market power. Cashless societies could leave payment systems vulnerable to “increasing monopoly power … if there’s no sort of competition from central bank money.”
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The Cambridge Centre for Alternative Finance has launched the CBECI. The index provides a real-time estimate of the total annual electricity usage of the Bitcoin network and enables live comparisons with alternative electricity uses in order to put numbers into perspective.
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With an estimated population of 110 million, and an average age of 18, Africa’s second most populous country, Ethiopia has been the continent’s sleeping giant on the tech scene. However, Ethiopia’s first ever tech event, ‘Startup Ethiopia’, and the ‘Innovate Ethiopia’ week around it, showcased the country’s brimming potential and seems to be a harbinger of things to come.tags: Fintech
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Good digital ID requires the following four attributes: it can be verified and authenticated to a high degree of assurance, it is unique, it is established with individual consent, and it protects user privacy and ensures control over personal data.
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Digital ID holds the promise of enabling economic value creation for each of these three groups by fostering increased inclusion, which provides greater access to goods and services; by increasing formalization, which helps reduce fraud, protects rights, and increases transparency; and by promoting digitization, which drives efficiencies and ease of use.
Kiffmeister’s Fintech Daily Digest 07/04/2019
