Day: January 31, 2020

Kiffmeister’s Fintech Daily Digest 01/31/2020

~ kiffmeister
  • A study of USDT turnover reveals just how crazy the demand for Tether’s stablecoin is. According to Coinmetric’s tweet on January 31, they reported that every single USDT token changes hands roughly 46 times every year. The trend of increasing activity shows that Tether is instrumental to liquidity flows between exchanges. It’s most likely that USDT changes hands most between multiple exchanges as opposed to individual traders.
  • Always dreamed of owning a Ferrari but can’t afford it? Well, this may sound vaguely familiar: The blockchain has a solution for you. CurioInvest, an investment platform, and MERJ Exchange Ltd., a Seychelles-based digital asset exchange, are partnering to offer tokens backed by collectible cars. The companies say tokenizing the luxury assets as an investment could make them widely accessible to a bigger pool of people.
  • This report examines both the benefits and risks big data and AI can bring to the insurance industry. In particular, this reports discusses how the OECD Recommendation on Artificial Intelligence, and the European Commission’s Independent High-Level Expert Group on Artificial Intelligence’s (HLAG AI) Ethics Guidelines for Trustworthy AI should be considered in the context of the insurance sector. The report concludes with policy areas in which policy makers may consider action in the insurance sector in relation to big data and AI going forward.
  • If Walmart’s MoneyCard is any indication, many of America’s unbanked aren’t unbanked — they are differently banked. Instead of accessing banking services via traditional accounts, these people are connecting to it by prepaid credit cards, otherwise known as general purpose reloadable (GPR) prepaid cards. Walmart’s MoneyCard is one of the most well-known offerings. But even governments are sponsoring prepaid debit card programs, the Federal government’s DirectExpress card being the best example.
  • The Hyperledger Foundation has released the second version of its open-source distributed ledger (DLT) platform, Hyperledger Fabric.
Posted from Diigo. The rest of my favorite links are here.