Saturday, February 16, 2013

Finance Without Fingerprints

American Banker aired this encouraging financial privacy video on Friday, February 15, 2013:

Physical cash is on its way out and won't be missed, but even in an all-digital future the option of anonymous, untraceable consumer payments must remain, Executive Editor Marc Hochstein argues. Bitcoin and past digital cash schemes show it is technically feasible and that banks can play a role. But regulations and the industry's conservatism augur poorly for payment privacy, and a frank and open debate will be required.

Related Articles:
A Dystopian Vision of Banking from the 'Mad Men' Era
Why Some Payments Should Remain Anonymous 

Will Banks Ever Be Digital Privacy 'Heroes'?

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