Fintech, Blockchain, and the Upgrade of the Global Payments Systems│Bruce Tuckman (NYU Stern)

Blockchain technology, introduced 15 years ago, promised near real-time payments at low cost and without intermediaries. Since that time, however, fintech—predominantly without blockchain—has dramatically increased the speed, convenience and access of payments. This talk 1) gives an overview of traditional payments systems in terms of central bank vs. private money, real-time gross vs. batch net settlement, and bank payment "rails"; 2) illustrates the success of recent fintech innovations using the examples of India's Unified Payments Interface, Square's financial services platform, and Kenya's M-Pesa money transfer service; and 3) describes blockchain's sortie into cross-border payments using the examples of Ripple and various stablecoins. #fintech #blockchain #digitalcurrency

00:00 Start
01:31 Traditional Payments Systems
14:04 Fintech Upgrades to Payment Systems
25:18 Cross-Border Payments
34:17 Conclusion

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[randica]

When someone teaching with smilling, this is a true sharing knowlage. I love this vibe 🎉🎉

[girdharrathi]

Nicely complicated the simple transactions.

[Iamfascot]

i love the fact that he allow people to be open to the idea of ripple XRP token. which is a better bitcoin that is going to serve the global market.
you might want to do more reseach about the technology

[EdwardAdams-py]

Thanks for the analysis! Just a quick off-topic question: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). What's the best way to send them to Binance?

[Adivasi]

NYU Stern should have a course on Coursera.

[petruflorintofoleanu]

DIGITAL ASSETS PAYMENTS MEANS SORVELIANCE AND CONTROL