[kictanet] 5 FINTECH COMPANIES SHAPING THE FUTURE OF MONEY!!

[Wangari Kabiru]

Blessed Monday!

Elizabeth your broadening brief is enlightening, thank you for it!

To that, in the "spirit of cryptogenia" keeping it crypto, I share on "5 FINTECH COMPANIES SHAPING THE FUTURE OF MONEY!!";

http://cointelegraph.com/news/5-fintech-companies-to-shape-the-future-of-money



One of them even aims to make governments irrelevant (ish)....

Kile ambacho chatatanisha ni yakuwa "our savannah is dry" katika mambo haya ilihali tuna wana teknologia chipukizi. 

There is a blokchain hotbed, it had better be for IGF!

Blessed week.

Regards/Wangari

On Jul 15, 2016 13:53, Tony White via kictanet wrote: > > ...and another interesting read: > > "Ex-Google engineers have spent 2 years secretly trying to solve 'the > hardest problem in banking' ", > applying blockchain technology to core banking systems. > > http://goo.gl/kIkabb > > Cheers, > Tony > > On 15/07/2016, Ali Hussein via kictanet wrote: > > Elizabeth and all > > > > Well put. The detractors of digital currencies always point out National > > Security concerns, terrorism and money laundering as a way to let the world > > know how dangerous they are. What they fail to tell us is that these issues > > will remain whether or not digital currencies remain. And of course there is > > also the possibility that technologies like Blockchains are now being tested > > by regulators to counter/monitor systemic failures/risk in global financial > > systems. > > > > Here's interesting reading on this issue:- > > > > http://www.bna.com/regulators-show-interest-n57982064247/ > > > > Ali Hussein > > Principal > > Hussein & Associates > > +254 0713 601113 / 0770906375 > > > > Twitter: @AliHKassim > > Skype: abu-jomo > > LinkedIn: http://ke.linkedin.com/in/alihkassim > > > > > > "Discovery consists in seeing what everyone else has seen and thinking what > > no one else has thought".  ~ Albert Szent-Györgyi > > > > Sent from my iPad > > > >> On 15 Jul 2016, at 10:22 AM, Elizabeth Rossiello via kictanet > >> wrote: > >> > >> Greetings all, > >> > >> Yes this does occur with digital currencies -- but how many drugs are sold > >> for cash in Kenya?  Around the world? The percentage sold via the "dark > >> web" is infinitesimal.  These "dark markets" are also crawling with law > >> enforcement agents, setting meetups and stings just as they would for > >> normal illegal transactions.  The use of digital currencies for payment on > >> the dark web is an exciting movie plotline but not any real threat for > >> increasing the amount of drug use. > >> > >> Rather than support scary stories about drugs and terrorism -- which > >> research by banks and law enforcement has continued to prove is not an > >> issue -- let's look at some of the real risk / risk mitigation tactics of > >> digital currencies: > >> > >> RISK 1: retail users who do not know how to use this technology can > >> struggle and lose their money; by either engaging in pyramid schemes, > >> phishing scams, or by even forgetting their password.  This is similar to > >> when ATM cards were first distributed, or even mobile money, and there was > >> a lot of education to do about proper password security, responding to > >> mobile money themed text scams, etc. > >> > >> Mitigation Tactic: Require companies using this technology to have > >> customer support, consumer protection policies, and multi-level sign-up or > >> account opening processes to self-select more tech savvy customers > >> > >> RISK 2:  companies that "store" or hold wallets of digitial currencies for > >> consumers do not follow appropriate storage and core capital > >> requirements...putting their customer's money at risk. > >> > >> Mitigation Tactic: Just as when the DTM license was introduced in Kenya - > >> any company set up in the country that stores customer funds should have > >> strict deposit-taking requirements, safeguards, etc. > >> > >> Thanks for listening! > >> Elizabeth > >> > >> > >>> On Fri, Jul 15, 2016 at 12:31 AM, Wangari Kabiru via kictanet > >>> wrote: > >>> Blessed Furahi Day! > >>> > >>> Read on the two sides of the "coin". > >>> > >>> Be blessed. > >>> > >>> Regards/Wangari > >>> > >>> ==== > >>> > >>> Shedding light on the dark web > >>> > >>> The drug trade is moving from the street to online cryptomarkets....... > >>> > >>> Online drug markets are part of the “dark web”: sites only accessible > >>> through browsers such as Tor, which route communications via several > >>> computer
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