A Look Back at 2013: Payments Perspectives Blog PostsNitin Sumangali |
As we start the New Year, the Global Insights team is looking forward to a productive 2014 with lots of interesting and valuable work to do.
Below is a selection of some of the top Payments Perspectives Blog posts from 2013. To make sure you get the latest Global Insights content, subscribe to blog posts via the Payments Perspective site, or bookmark the site in your browser.
- Why Would You Want to Be Anonymous? Or, Bitcoin and the Great Silk Road Bust
It’s a fair question. Now that Silk Road has been busted (the details are ultra gamey) is there any reason for Bitcoin, the anonymous online currency backed by nothing but its users (i.e., not by any state), to continue in existence? After all, the only other reason to hold it is for fun, speculation, and… anonymity. The first two do not promise great volume. Is the last always sinister?
- Bitcoin, Sovereigns and the End Times
From currency analyst Christopher Vecchio, the quote of the day: “Personally it wouldn’t be my preferred vehicle to trade money because it’s unregulated. But people are deeming it legitimate even though it’s not backed by a sovereign. That could be the attraction behind it. There’s no sovereign credit risk to bitcoins.”
Unpack that: a digital scrip with nothing behind it but the full faith and credit of everybody else using it is preferable to currencies issued by sovereigns.
We’re in uncharted waters.
- Global Destination Cities Index, 2013 Edition: The Rise of the Global South
It has been more than four years since the global financial crisis erupted in 2008. The recovery has been slow to say the least, and the global economic outlook continues to be clouded by uncertainty. Against this background, international travel and cross-border spending have shown to be very resilient as evidenced by data from the 132 cities covered by MasterCard’s Global Destination Cities Index.
- South Korea’s Progress on Mobile Payments Adoption
Just eight short months after the Mobile Payments Readiness Index was released, the Global Insights team has already started to observe some markets making great strides on the path to widespread mobile payments adoption. South Korea in particular, which earned the sixth spot on the Index, has made significant progress in financial services and partnerships while maintaining high levels of consumer readiness.
- The Digital Sharing and Trust Project: Around the World in 5 Personas
Global online consumers are evenly divided into five unique personality types, or personas, that are defined by their online needs and goals, digital sophistication, and information-sharing awareness. This is the major finding of the “Digital Sharing and Trust Project,” a new study released today by Global Insights that examines how and why consumers across nine global markets—the United States, Canada, Germany, United Kingdom, India, South Africa, United Arab Emirates, Brazil and Colombia—choose to share various types of personal information online, and how much value they place on their data.