Dave Birch — and his talented cartoonist Helen Homes — were next up, and Dave was more glasses half full. His take was the divide could “cement the relationship between the user, the platform, their identity (and, in time, those wallets) but using iris biometrics, an obvious step up from FaceID.” Interesting point.
While we may be five-plus years away from a critical mass move to the metaverse (I tend to lean more toward Ready Player One and Tron versus any glorious utopia), it’s clear SOMETHING will come of this in fintech. Until the hardware is as ubiquitous as the iPhone, it will likely be an expensive sandbox for the tech nerd herd to populate.
A fintech vision for the Vision Pro By David G.W. Birch, Contributor Apple has entered the virtual reality (VR) and augmented reality (AR) field with its Vision Pro headset, fintechs should look at their metaverse strategies.
USA: CFPB seeks to supervise Big Tech firms under larger participant rule The Consumer Financial Protection Bureau plans to issue a larger participant rule that would allow the agency to examine consumer payment markets. The rule will allow the CFPB to examine and supervise Big Tech companies such as Apple, Alphabet’s Google, PayPal and Square.
USA: Fed launches master account database The Federal Reserve will now disclose all entities that have access to its payments system, as well as those that are seeking access. The move ends a yearlong standoff with Congress.
John has been in communications since graduating from Creative Communications at Red River College Polytechnic in Winnipeg in 1992. He launched one of Canada's first digital-only local news sites called Winnipeg First in 2007, which led to digital editor postings with the Winnipeg Free Press and Edmonton Journal. In 2012 he joined Bankless Times as managing editor, later becoming president and CEO. He and the Bankless Media co-founders completed a sale and exit in August 2021.