/financial inclusion

Discussion
How to Choose the Best Payment Method: QR Payment vs. Tap and Pay
Ketharaman Swaminathan

Ketharaman Swaminathan

  There's no competition. QR takes 15 seconds and requires good network signal, battery, etc. Contactless credit card Tap and Go takes 3 seconds and has no such dependencies. I rarely use UPI but I've experienced more failed payments in one year of using UPI than 35 years of using credit card. Even before contactless, I used to generally avoid stores that didn't accept credit card. Now that's a hill that I'll die on.
How can LLMs bring value to the financial industry?
Ketharaman Swaminathan

Ketharaman Swaminathan

  While Google is great for searching and indexing the world wide web, it sucks when it comes to single site search. Exhibit A: Google has withdrawn many single website / enterprise search products like CSE, GSA, etc. I wonder how single enterprise Gen AI would work. Like if I upload my bank statement to an LLM, will it be able to tell me how much fees I paid my CA Firm during the last three years?
The rise of the credit union.
Steve Haley

Steve Haley

  Great summary - for many people around the world, community financial institutions are their only option - and their best option.  As we think about the new payments landscape, they need to be included (i.e. FedNow in the US)
The trend of the times or how decentralized financing is displacing banks
Ketharaman Swaminathan

Ketharaman Swaminathan

  DeFi does not eliminate the middleman. It merely replaces the incumbent middleman with a new middleman. Coincidentally, I just posted this on Twitter yesterday: ===== "Decentralized crypto exchange Uniswap to charge 0.15% on trades" ~ @ScottThurm. So much for DeFi disrupting the rent seeker model of TradFi middlemen like Visa and MasterCard. ===== Your post is highly anachronistic, coming just days after the conviction of one of the biggest crypto grifters aka SBF.