The hottest Digital Payments Substack posts right now

And their main takeaways
Category
Top Finance Topics

How to Defend Cash in under 5 Minutes

Altered States of Monetary Consciousness • 637 implied HN points • 31 Jan 25
💰 Finance Currency Economics Digital Payments Monetary Policy
  1. Cash is important to protect against digital payment surveillance and control. Transitioning to a fully cashless society can lead to loss of personal freedom and privacy.
  2. Instead of arguing against the convenience of digital payments, it might be better to present a new perspective on why cash is valuable. Analogies can help get the message across more easily.
  3. Educating others about the risks of a cashless society takes practice. Finding quick, relatable ways to share your views can be more effective than trying to challenge established beliefs directly.

The price of payments

Substack • 1191 implied HN points • 12 Aug 24
💼 Business Creator Economy Digital Payments App Store Subscription Models
  1. Creators using platforms like Patreon are facing new costs because of Apple's requirement for in-app purchase systems and their associated fees. This change might lead creators to either raise prices for subscribers or absorb the costs themselves.
  2. Apple's in-app purchase system is very effective for making payments easy and safe, but it also puts a financial strain on creators who use these platforms for their work.
  3. The rise of the creator economy is shifting the dynamic between creators and platforms, as creators are seeking more control over their relationships and earnings. There's an opportunity for creators and platforms to innovate and work together for better solutions.

Individual Sovereignty in the Age of Cashless Societies

BowTiedMara - Geoarbitrage & Mobility Assets • 235 implied HN points • 23 Jun 23
🌍 World Politics Digital Payments IMF Argentina
  1. The push towards cashless societies is driven by narratives of convenience, safety, and financial inclusion, but it also impacts privacy.
  2. Central Bank Digital Currencies (CBDCs) pose a threat to decentralized transactions and individual control over finances.
  3. In regions like the Southern Cone, the transition to digital payments is accelerating, but the shadow economy and cash transactions still play a significant role.
Get a weekly roundup of the best Substack posts, by hacker news affinity:

Adopción de Bitcoin usando Ecash

DarthCoin’s Bitcoin Guides • 19 implied HN points • 09 Feb 24
🔮 Crypto Bitcoin Blockchain Lightning Network Cryptocurrency Digital Payments
  1. Using Ecash with Cashu Mints is a way to help more people adopt and use Bitcoin, especially for those who may find it challenging to start directly with UTXO.
  2. Ecash is like digital gift cards that offer additional privacy and cryptographic proof of reserves, helping users make anonymous and instant electronic cash transactions.
  3. Cashu Mints allow users to exchange tokens privately without fees within the same mint, providing a convenient option for local communities to transact with each other.

"Income and Wealth Inequality Went Down During the Pandemic": A Q&A with Felix Salmon

James Ledbetter's FIN • 5 implied HN points • 07 May 23
💰 Finance Fintech Wealth Inequality Digital Payments Music Industry Global Economy
  1. Income and wealth inequality decreased during the pandemic due to stimulus and increased minimum wages.
  2. The pandemic accelerated technological advancements, such as the development of mRNA vaccines and digital payments.
  3. Changes in real estate preferences indicate a lasting shift towards valuing residential space over commercial space.

The Luddite's Guide to Defending Cash (Part 1)

Altered States of Monetary Consciousness • 2 HN points • 08 May 23
💰 Finance Digital Payments Resilience Privacy
  1. Cash plays a crucial role in balancing the power dynamics of digital money.
  2. The narrative of a cashless society being a 'progressive upgrade' overlooks essential aspects of financial resilience and inclusion.
  3. Digital payment systems can lead to excessive centralization, loss of autonomy, and potential privacy concerns, highlighting the importance of maintaining a balance between cash and digital options.

Why Electronic Negotiable Instruments are Technically Possible

Vitarbi • 0 implied HN points • 30 Mar 23
🕹 Technology Security Blockchain Digital Payments
  1. There is a way to prevent falsification, forgery, and duplication of electronic promissory notes and bills of exchange online.
  2. Delivery of electronic negotiable instruments is a key operational challenge as it determines the validity of the instrument.
  3. Using non-fungible token (NFT) form can solve the double-spend problem for electronic negotiable instruments and ensure their integrity and distinct identity.

How fintech can adapt to a tougher environment; Revolut vs Softbank; What is the difference between “pull” and “push” payments?;

Fintech Wrap Up • 0 implied HN points • 24 May 23
💰 Finance Fintech Regulation Digital Payments
  1. Fintech firms need to focus on survival and profitability in a competitive environment
  2. Bank of England plans to reject Revolut's banking license due to concerns over balance sheets
  3. Real-time payments are growing globally, driven by successful services and government mandates

Today's Top 5 HN posts

Top 5 HN Posts of the day • 0 implied HN points • 28 Mar 24
🕹 Technology Programming Transportation Machine Learning Digital Payments Virtualization
  1. The post shares the top 5 HackerNews posts for the day, giving readers a daily dose of interesting content.
  2. One of the top posts discusses the approval of a new $15 toll to drive into Manhattan by the MTA board.
  3. There's also an interesting query about the developments in machine learning that are overshadowed by large language models.

Tại sao Việt Nam nên "ôm hôn" Bitcoin

Thái | Hacker | Kỹ sư tin tặc • 0 implied HN points • 05 Mar 14
🕹 Technology Cryptocurrency Digital Payments E-commerce Innovation Regulations
  1. Vietnam can benefit from using Bitcoin for remittances due to its low fees compared to traditional methods like banks and money transfer companies.
  2. Bitcoin's low transaction fees could help Vietnamese people save significant amounts of money on remittance fees annually.
  3. Bitcoin presents an opportunity for Vietnam to embrace technological innovation and advance its IT industry by legalizing and promoting the use of Bitcoin for payments.