In promoting stablecoin regulation and adoption, Build Canada is repeating patterns of hype similar to Facebook’s ill-fated Libra project. Libra, a private stablecoin later renamed Diem, had an ambitious vision that collided with real-world realities: a fragmented and highly regulated global payments landscape, subordination to fiat currency policies, competing goals, and grand ambitions to solve... Continue Reading →
The Big 5 Canadian banks have a testy relationship with startups despite their activity in supporting AI research, partnering with accelerators, and lending to tech companies. As major institutions, they should be playing a supportive role in supercharging innovation by investing in, buying services from, and striking partnerships with startups. But overall, the opposite has... Continue Reading →
Since I founded Circles, I've immersed myself in the world of Financial Inclusion in Emerging Markets. I quickly discovered that banks and Fintechs in Emerging Markets have been coming up with innovative solutions to serve the unbanked/underbanked masses. It's no surprise that banking markets in Africa and Asia are growing at a super fast rate as... Continue Reading →
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