The key is to find digital mediums of exchange that preserve the distinct attributes of cash
Canada leads the world in the transition to digitized commerce. With more than two credit cards per capita, the cashless economy is approaching swiftly. The move has been largely voluntary, driven by convenience, and half of Canadians favour dispensing with notes and coins altogether. With cash-only businesses declining to near non-existence, what’s the problem? As…
For survival, central banks have little choice but to enter the digital-currency race. But it’s a race they will eventually lose
Central bankers increasingly sense their obsolescence – and rightly so. The more people turn to private currencies and conduct transactions without intermediaries, the less bureaucrats control the economy. In February 2019, a 33-page Bank of Canada discussion paper unwittingly admitted the vulnerability. The authors, James Chapman and Carolyn Wilkins, noted widespread adoption of cryptocurrencies as…
Cryptocurrencies may still be experimental but they’re already driving competitive pressure on established institutions
Your money is worth more to you today than tomorrow. This financial truth – the time value of money – backs the case for real-time pay, a nifty tool for the benefit of workers. Although Canadian unemployment is at a four-decade low, wage growth has stagnated and bankruptcies have spiked. This is where real-time pay delivers,…
After becoming a worldwide phenomenon in late 2017, it’s safe to say that everyone is aware of bitcoin. It might be true, but still, only a small percentage of the world is actually trading it. It’s probably because although everyone is aware of it, there are still a lot of people that aren’t educated enough…
A not-so-distant future could see blockchain automatically put in place a retaliatory tariff or assemble a dispute resolution panel
By Brennen Schmidt ALEUS Technology Group and Allan Bonner Troy Media columnist Studying and working in the area of cyber security keeps us alert – and as things rapidly change, alertness is ever more important. It was good to hear of the scanning machine that makes a digital copy of all receipts for later viewing…
Blockchain would enhance agri-food transparency, productivity, competitiveness and sustainability
The cryptocurrency revolution has introduced some interesting technology, notably the blockchain concept, which holds great potential for the agri-food sector. Blockchain is a way of storing and sharing information across a network of users in an open virtual space. The technology allows users to look at all transactions simultaneously and in real-time. In the food industry,…
While risky, an ICO investment could net you a return worth millions
As bitcoin begins to experience widespread use in various retail markets, it could be time to consider investing in one of many new crypocurrencies by taking part in an ICO (initial coin offering) campaign. In some cases, the return on investment for some has proven to be huge. In fact, a new generation of cryptocurrency…
Canada leads the world in the transition to digitized commerce. With more than two credit cards per capita, the cashless economy is approaching swiftly. The move has been largely voluntary, driven by convenience, and half of Canadians favour dispensing with notes and coins altogether. With cash-only businesses declining to near non-existence, what’s the problem? As…
