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Why the metaverse will go far beyond Meta

The gaming industry is proving that the desired metaverse is one that is decentralized in terms of control but hyperconnected for easy transfer of value between platforms.

Having become accustomed to a plethora of units of value, and their extreme portability, today’s gamers will not welcome a centralized institution locking their value inside any particular system such as Facebook’s virtual world.

Flash forward where banks and digital banking make all units of value portable too… imagine:
– crypto into consumers’ digital wallets
– holding cash as central bank digital currency.

By 2030, 60% of global consumers will have made a transaction using a unit of value other than a fiat currency.

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General

Will a PSD2 come to the US?

Open banking has gained strength over the past 18 months, ever since Europe began enforcing the Payment Services Directive 2 (PSD2). Now we are starting to watch similar initiatives pop up across the globe, all the way from Australia to Canada. But what about the (possibly biggest) payment market, the United States? Has PSD2 had any impact there, and can we expect a similar set of regulations to be implemented?

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General

Monneo Launches New Card Acquiring Service

Virtual IBAN and corporate account provider, Monneo, is excited to announce the launch of its new card acquiring service. The development allows the company to offer a full payment ecosystem to its customers and represents a true end-to-end solution.

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Transact365 Moves Asian Office to Singapore

Reflective of Singapore’s position as a fintech hub, Transact365 has shifted its Asian headquarters from Hong Kong to Singapore as a very important base for its future growth. They are now in two of the world’s fastest growing markets for fintech, which is a prime position for their global expansion.

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General

Why the UK is ready for Strong Customer Authentication

The problem of online fraud has been around for decades, and has been steadily growing alongside the staggering growth of eCommerce. Combatting this problem requires a multi-faceted approach from merchants, the payments industry, law enforcement and ordinary people, and one recent development has been the launch of Strong Customer Authentication (SCA) across Europe as part of the Payment Services Directive 2 (PSD2) regulations.

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