Re: IBM: Reuters: IBM working on payment system featuring Bitcoin's core technology

I'm also interested in a URL thanks if someone has it. Cheers

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On 15 March 2015 at 23:17, Joseph Potvin <jpotvin@opman.ca> wrote:

> Can anyone find a link to that related Goldman Sachs report from a few
> days ago?
>
>
> http://www.coindesk.com/goldman-sachs-report-says-bitcoin-could-shape-future-of-finance/
> "The report, published yesterday, is titled *The Future of Finance:
> Redefining The Way We Pay in the Next Decade*. It's written by James
> Schneider and SK Prasad Borra, payments analysts at the bank's research
> division."
>
> Lots of reporting about it, but it seems hard to track down.
>
> Joseph Potvin
>
> On Sun, Mar 15, 2015 at 3:09 AM, Melvin Carvalho <melvincarvalho@gmail.com
> > wrote:
>
>>
>>
>> On 15 March 2015 at 03:46, Daniel Chcouri <333222@gmail.com> wrote:
>>
>>> ---------- Forwarded message ----------
>>> From: "SA Breaking News Team" <account@seekingalpha.com>
>>> Date: 15 Mar 2015 04:14
>>> Subject: IBM: Reuters: IBM working on payment system featuring Bitcoin's
>>> core technology
>>> To: <333222@gmail.com>
>>> Cc:
>>>
>>>  *Reuters: IBM working on payment system featuring Bitcoin's core
>>> technology
>>> <http://email.seekingalpha.com:80/track?type=click&mailingid=2369066&messageid=2900&databaseid=&serial=2900O2369066O1426363929051.0.17baf46bfdb5671ca0e7e807f87aa559&emailid=6428051&userid=6428051&extra=&&&3000&&&http://seekingalpha.com/news/2369066-reuters-ibm-working-on-payment-system-featuring-bitcoins-core-technology?source=email_rt_mc_title&auth_param=645cj:1ag95j4:dca2346557e9e4b252c5f82efbb48160&app=1&uprof=45>
>>> * 4:11 PM*
>>> Eric Jhonsa
>>> <http://email.seekingalpha.com:80/track?type=click&mailingid=2369066&messageid=2900&databaseid=&serial=2900O2369066O1426363929051.0.17baf46bfdb5671ca0e7e807f87aa559&emailid=6428051&userid=6428051&extra=&&&3000&&&http://seekingalpha.com/news/2369066-reuters-ibm-working-on-payment-system-featuring-bitcoins-core-technology#open_message=true>,
>>> SA News Editor
>>>
>>>    - Reuters
>>>    <http://email.seekingalpha.com:80/track?type=click&mailingid=2369066&messageid=2900&databaseid=&serial=2900O2369066O1426363929051.0.17baf46bfdb5671ca0e7e807f87aa559&emailid=6428051&userid=6428051&extra=&&&3000&&&http://www.reuters.com/article/2015/03/12/us-bitcoin-ibm-idUSKBN0M82KB20150312>
>>>    reports IBM
>>>    <http://email.seekingalpha.com:80/track?type=click&mailingid=2369066&messageid=2900&databaseid=&serial=2900O2369066O1426363929051.0.17baf46bfdb5671ca0e7e807f87aa559&emailid=6428051&userid=6428051&extra=&&&3000&&&http://seekingalpha.com/symbol/ibm?source=email_rt_mc_body&app=n>
>>>    is working on a digital cash/payment system that would rely on the
>>>    blockchain
>>>    <http://email.seekingalpha.com:80/track?type=click&mailingid=2369066&messageid=2900&databaseid=&serial=2900O2369066O1426363929051.0.17baf46bfdb5671ca0e7e807f87aa559&emailid=6428051&userid=6428051&extra=&&&3000&&&http://en.wikipedia.org/wiki/Bitcoin#Block_chain>
>>>    - the transaction ledger technology that underpins Bitcoin (COIN
>>>    <http://email.seekingalpha.com:80/track?type=click&mailingid=2369066&messageid=2900&databaseid=&serial=2900O2369066O1426363929051.0.17baf46bfdb5671ca0e7e807f87aa559&emailid=6428051&userid=6428051&extra=&&&3000&&&http://seekingalpha.com/symbol/coin?source=email_rt_mc_body&app=n>,
>>>    OTCQB:BTCS
>>>    <http://email.seekingalpha.com:80/track?type=click&mailingid=2369066&messageid=2900&databaseid=&serial=2900O2369066O1426363929051.0.17baf46bfdb5671ca0e7e807f87aa559&emailid=6428051&userid=6428051&extra=&&&3000&&&http://seekingalpha.com/symbol/btcs?source=email_rt_mc_body&app=n>)
>>>    and other virtual currencies - to enable transactions for major currencies
>>>    that don't require a bank or payment processor, thus lowering transaction
>>>    costs.
>>>    - Big Blue has reportedly "been in informal discussions about a
>>>    blockchain-tied cash system with a number of central banks, including the
>>>    U.S. Federal Reserve." If central banks approve the concept, IBM will
>>>    "build the secure and scalable infrastructure for the project."
>>>    - A source: "When somebody wants to transact in the system, instead
>>>    of you trying to acquire a Bitcoin, you simply say, here are some U.S.
>>>    dollars. It's sort of a Bitcoin but without the Bitcoin."
>>>    - Bitcoin's ability to enable transactions with far lower fees than
>>>    those charged by credit card processors (Visa, MasterCard, etc.) and
>>>    traditional online payment platforms (e.g. PayPal) has led many big online
>>>    merchants to support
>>>    <http://email.seekingalpha.com:80/track?type=click&mailingid=2369066&messageid=2900&databaseid=&serial=2900O2369066O1426363929051.0.17baf46bfdb5671ca0e7e807f87aa559&emailid=6428051&userid=6428051&extra=&&&3000&&&http://seekingalpha.com/news/2173085-microsoft-begins-accepting-bitcoin?source=email_rt_mc_body&app=n>
>>>    the virtual currency. However, Bitcoin's tremendous volatility
>>>    <http://email.seekingalpha.com:80/track?type=click&mailingid=2369066&messageid=2900&databaseid=&serial=2900O2369066O1426363929051.0.17baf46bfdb5671ca0e7e807f87aa559&emailid=6428051&userid=6428051&extra=&&&3000&&&http://seekingalpha.com/news/2222606-bitcoin-prices-plunge-below-200?source=email_rt_mc_body&app=n>
>>>    - after peaking above $1,100 in late 2013, Bitcoin now trades below $300 -
>>>    has scared off many would-be users.
>>>    - In theory, IBM's solution would provide the transaction cost
>>>    benefits of Bitcoin, while allowing consumers to rely on dollars, euros,
>>>    yen, etc. The reported solution could be linked to a user's bank account
>>>    via digital wallet software.
>>>    - Also: Whereas Bitcoin is completely decentralized, central banks
>>>    would serve as overseers for the IBM-backed currency system. "These coins
>>>    will be part of the money supply," says Reuters' source. "It's the same
>>>    money, just not a dollar bill with a serial number on it, but a token that
>>>    sits on this blockchain."
>>>
>>>
>> It's great that a big name like IBM are working on lowering the costs of
>> transactions.  There's no reason why with modern technology the cost and
>> speend of sending money should be greater than the cost and speed of
>> sending an SMS.  If banking were invented today, it may not be.  This is an
>> urgent imperative that can help prevent humanitarian crises caused by many
>> people in extreme poverty without access to financial services.  As Bill
>> Gates said about bitcoin, "It shows how cheap it can be"
>>
>> However, block chain technology is not a pre requisite for this.  A
>> central mint would also work too.  I had a discussion with one of the CTO's
>> of Goldman Sachs recently about bitcoin.  He was a bitcoin skeptic, and
>> said to me that the current financial system could do everything that
>> bitcoin could do, so why do we need it.  I replied that competition can
>> potentially drive down costs.  At that point he had a lightbulb moment, and
>> suddenly saw the value proposition, after which, he was in agreement block
>> chain technology was a good thing.
>>
>> Related:
>>
>> http://i.imgur.com/EaSSN5f.jpg
>>
>>
>>> Read comments
>>> <http://email.seekingalpha.com:80/track?type=click&mailingid=2369066&messageid=2900&databaseid=&serial=2900O2369066O1426363929051.0.17baf46bfdb5671ca0e7e807f87aa559&emailid=6428051&userid=6428051&extra=&&&3000&&&http://seekingalpha.com/news/2369066-reuters-ibm-working-on-payment-system-featuring-bitcoins-core-technology?source=email_rt_mc_readmore&app=1&auth_param=645cj:1ag95j4:dca2346557e9e4b252c5f82efbb48160&uprof=45#email_link>
>>>
>>>   Are you Bullish or Bearish on  IBM?
>>>
>>>  Bullish
>>> <http://email.seekingalpha.com:80/track?type=click&mailingid=2369066&messageid=2900&databaseid=&serial=2900O2369066O1426363929051.0.17baf46bfdb5671ca0e7e807f87aa559&emailid=6428051&userid=6428051&extra=&&&3000&&&http://seekingalpha.com/news/2369066-reuters-ibm-working-on-payment-system-featuring-bitcoins-core-technology?source=email_rt_mc_bullish&vote=bullish&ticker=IBM&auth_param=645cj:1ag95j4:dca2346557e9e4b252c5f82efbb48160>
>>> Bearish
>>> <http://email.seekingalpha.com:80/track?type=click&mailingid=2369066&messageid=2900&databaseid=&serial=2900O2369066O1426363929051.0.17baf46bfdb5671ca0e7e807f87aa559&emailid=6428051&userid=6428051&extra=&&&3000&&&http://seekingalpha.com/news/2369066-reuters-ibm-working-on-payment-system-featuring-bitcoins-core-technology?source=email_rt_mc_bearish&vote=bearish&ticker=IBM&auth_param=645cj:1ag95j4:dca2346557e9e4b252c5f82efbb48160>
>>>
>>> * IBM price at time of publication: $154.28. Check IBM price now >>
>>> <http://email.seekingalpha.com:80/track?type=click&mailingid=2369066&messageid=2900&databaseid=&serial=2900O2369066O1426363929051.0.17baf46bfdb5671ca0e7e807f87aa559&emailid=6428051&userid=6428051&extra=&&&3000&&&http://seekingalpha.com/symbol/ibm?source=email_rt_mc_price&app=1>
>>> *
>>>
>>> *Get alerts on the stocks mentioned:*
>>>
>>> +COIN
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>>> Bitcoin Trust ETF
>>>
>>> +BTCS
>>> <http://email.seekingalpha.com:80/track?type=click&mailingid=2369066&messageid=2900&databaseid=&serial=2900O2369066O1426363929051.0.17baf46bfdb5671ca0e7e807f87aa559&emailid=6428051&userid=6428051&extra=&&&3000&&&http://seekingalpha.com/email_preferences?source=email_rt_mc_alert&user_email=6428051&go=17b9b2981d0bbe40e1027a83719bf640bf17a6&direct_rta=ar,mc&symbol=btcs> Bitcoin
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>>>    by Trefis
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>>>
>>> More News on IBM
>>>
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>>>    Enable Telcos to Launch New Services for the Internet of Things
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>>>    (PR Newswire)
>>>
>>> Related Articles on IBM
>>>
>>>    - Tracking The Sequoia Fund - Q4 2014
>>>    <http://email.seekingalpha.com:80/track?type=click&mailingid=2369066&messageid=2900&databaseid=&serial=2900O2369066O1426363929051.0.17baf46bfdb5671ca0e7e807f87aa559&emailid=6428051&userid=6428051&extra=&&&3000&&&http://seekingalpha.com/article/2995606-tracking-the-sequoia-fund-q4-2014?source=email_rt_mc_related_0&app=1>
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>>>    - Investors Should Realize That The Market Is Usually Right
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>>>    by Aristofanis Papadatos
>>>    - It's Time To Turn Bearish On Rackspace, Again!
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>>>    by Brian Nichols
>>>
>>>  *StockTalk on IBM:* IBM StockTalk
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>>> | IBM Instablogs
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>>>
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>>> | Earnings
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>>> | Dividends
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>>> | M&A
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>>> | On the move
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>>> Transcripts on IBM
>>>
>>>    - International Business Machines' (IBM) Presents at Morgan Stanley
>>>    Technology, Media & Telecom Conference (Transcript)
>>>    <http://email.seekingalpha.com:80/track?type=click&mailingid=2369066&messageid=2900&databaseid=&serial=2900O2369066O1426363929051.0.17baf46bfdb5671ca0e7e807f87aa559&emailid=6428051&userid=6428051&extra=&&&3000&&&http://seekingalpha.com/article/2970476-international-business-machines-ibm-presents-at-morgan-stanley-technology-media-and-telecom-conference-transcript?source=email_rt_mc_transcripts_0&app=1>
>>>    by SA Transcripts
>>>    - International Business Machines' (IBM) Q4 2014 Results - Earnings
>>>    Call Transcript
>>>    <http://email.seekingalpha.com:80/track?type=click&mailingid=2369066&messageid=2900&databaseid=&serial=2900O2369066O1426363929051.0.17baf46bfdb5671ca0e7e807f87aa559&emailid=6428051&userid=6428051&extra=&&&3000&&&http://seekingalpha.com/article/2834906-international-business-machines-ibm-q4-2014-results-earnings-call-transcript?source=email_rt_mc_transcripts_1&app=1>
>>>    by SA Transcripts
>>>    - International Business Machines (IBM) Q4 2014 Results - Earnings
>>>    Call Webcast
>>>    <http://email.seekingalpha.com:80/track?type=click&mailingid=2369066&messageid=2900&databaseid=&serial=2900O2369066O1426363929051.0.17baf46bfdb5671ca0e7e807f87aa559&emailid=6428051&userid=6428051&extra=&&&3000&&&http://seekingalpha.com/article/2827766-international-business-machines-ibm-q4-2014-results-earnings-call-webcast?source=email_rt_mc_transcripts_2&app=1>
>>>    by SA Transcripts
>>>
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>>> <http://email.seekingalpha.com:80/track?type=click&mailingid=2369066&messageid=2900&databaseid=&serial=2900O2369066O1426363929051.0.17baf46bfdb5671ca0e7e807f87aa559&emailid=6428051&userid=6428051&extra=&&&3000&&&http://seekingalpha.com/email_preferences?manage_al=1&user_email=6428051&go=17b9b2981d0bbe40e1027a83719bf640bf17a6&source=email_rt_mc_update_legal>
>>> | Unsubscribe from IBM
>>> <http://email.seekingalpha.com:80/track?type=click&mailingid=2369066&messageid=2900&databaseid=&serial=2900O2369066O1426363929051.0.17baf46bfdb5671ca0e7e807f87aa559&emailid=6428051&userid=6428051&extra=&&&3000&&&http://seekingalpha.com/email_preferences?unrta=ar,mc&symbol=ibm&user_email=6428051&go=17b9b2981d0bbe40e1027a83719bf640bf17a6&source=email_rt_mc_unsub_legal>
>>> | Unsubscribe from all emails
>>> <http://email.seekingalpha.com:80/track?type=click&mailingid=2369066&messageid=2900&databaseid=&serial=2900O2369066O1426363929051.0.17baf46bfdb5671ca0e7e807f87aa559&emailid=6428051&userid=6428051&extra=&&&3000&&&http://seekingalpha.com/account/unsub_lp?user_email=6428051&go=17b9b2981d0bbe40e1027a83719bf640bf17a6&source=email_rt_mc_unsub_all_legal>
>>>
>>
>>
>
>
> --
>
>

Received on Sunday, 15 March 2015 11:35:10 UTC