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  • Clever Kash is "cashless money box for children" in the form of a yellow elephant with a display
  • Allows parents to "transfer money to the bank account in real-time with the help of a smartphone app"
  • Aim: "help children develop good money habits in the digital era"
  • The CFTC "for the first time finds that Bitcoin and other virtual currencies are properly defined as commodities"
  • Ruling occurred "after the CFTC ordered two outfits, Coinflip, Inc. d/b/a Derivabit (Coinflip), to stop their Bitcoin-trading activities"
  • That Bitcoin is now definitively defined "as a commodity gives those who would trade it certainty"
  • "A plastic £20 note will be available from 2018"
  • "The new-look £20, which was last updated in 2007, will be made of polymer rather than cotton-based paper."
  • "Polymer money has been lauded for being environmentally friendlier, more durable, less susceptible to fraud, and cheaper than paper."
  • "Two of the industries most historically owned by the government are now venture capital targets—money and spaceships."
  • Bitcoin and space travel were 2/4 fastest-growing areas for startup investment in the past 3 years.
  • Photo Sharing and Physical storage also make top 4.
  • Challenging the Federal Reserve and its fiat currency, Texas will establish and operate the Texas Bullion Depository
  • The move will also involve repatriating about $1 billion of Texas gold from New York
  • Allows instant disbursements to let consumers “seamlessly send and receive funds from friends and family typically within seconds through providers"
  • Berkshire Hathaway Travel Protection and FreeShipping.com are 2 initial customers
  • "Launch offering of availability in 220,000 US stores has risen to 1M.
  • Apple Pay UK just released on Tuesday.
  • For millions in developing countries, lives revolve around cash; they have no bank accounts but they have mobile phones
  • "In 2014 there were 103 million active mobile bank accounts, up from 30 million in 2012."
  • Mobile money makes it is easier to get hold of payments, plus it increases audit traceability
  • News is warning Greeks that 27-55% of the money held in banks will disappear; more are looking to Bitcoin as an alternative
  • Bitcoin's price rasied 10 points in the last week due to talks about Greek debt
  • The bank has signed a deal with a Swedish company, Safello, to explore how the blockchain could be used in traditional finance
  • Blockchain is the software that powers transactions and automatically keeps a decentralized record of them
  • Banks are interested in this for speed and cost; blockchain technology could reduce banks' infrastructure costs by up to $20 billion
  • They're testing whether lower cost and convenience of cards and smartphones for payments outweigh risks of fraud and people being left behind
  • Sweden, Denmark and Finland lead the way
  • Electronic fraud has doubled in the Sweden in the past decade to about 140,000 cases in 2013
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