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It was early morning and the sunlight was peeking through the windows of the coffee shop. The smell of freshly brewed coffee, the pleasant jazzy tune in the background, early office workers catching up, sharing the latest gossip. The calm, stress-free atmosphere of this place makes me come back every morning. Only this time something was not quite right.

A young couple was sitting at a nearby table. They were having one of those “serious” talks that all couples have… Fine, may be not at 7:30 a.m. …


Image for post
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It was early morning and the sunlight was peeking through the windows of the coffee shop. The smell of freshly brewed coffee, the pleasant jazzy tune in the background, early office workers catching up, sharing the latest gossip. The calm, stress-free atmosphere of this place makes me come back every morning. Only this time something was not quite right.

A young couple was sitting at a nearby table. They were having one of those “serious” talks that all couples have… Fine, may be not at 7:30 a.m. …


Tech Giants Aren’t Disruptive. But They Could Win The “Game” Over Banks.

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There I was, together with millions of people around the world, “virtually” standing in front of Jennifer Bailey as she introduced the new Apple Card. It took hours, if not minutes, for media outlets to start rolling out headlines describing this credit card as “disruptive”. But as a former General Manager at Visa and the current CEO of a leading digital payment solution, I wondered: “Is Apple Card really a disrupter of the payments industry?”

To answer this question, we must first be on the same page, at least, linguistically. Journalists and bloggers are now using the word “disruptive” to describe any situation in which an industry is shaken up by new or existing players. But “shaken up” does not imply change. Interestingly, days earlier I had come across an article from Harvard Business Review entitled “What Is Disruptive Innovation?”. …


Tech giants aren’t disruptive, but they could win the “game” over banks.

Image for post
Image for post

There I was, together with millions of people around the world, “virtually” standing in front of Jennifer Bailey as she introduced the new Apple Card. It took hours, if not minutes, for media outlets to start rolling out headlines describing this credit card as “disruptive”. But as a former General Manager at Visa and the current CEO of a leading digital payment solution, I wondered: “Is Apple Card really a disrupter of the payments industry?”

To answer this question, we must first be on the same page, at least, linguistically. Journalists and bloggers are now using the word “disruptive” to describe any situation in which an industry is shaken up by new or existing players. But “shaken up” does not imply change. Interestingly, days earlier I had come across an article from Harvard Business Review entitled “What Is Disruptive Innovation?”. …


Tech giants aren’t disruptive, but they have big chances to win the “game” over banks. Here is why.

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Image for post

There I was, together with millions of people around the world, “virtually” standing in front of Jennifer Bailey as she introduced the new Apple Card. It took hours, if not minutes, for media outlets to start rolling out headlines describing this credit card as “disruptive”. But as a former General Manager at Visa and the current CEO of a leading digital payment solution, I wondered: “Is Apple Card really a disrupter of the payments industry?”

To answer this question, we must first be on the same page, at least, linguistically. Journalists and bloggers are now using the word “disruptive” to describe any situation in which an industry is shaken up by new or existing players. But “shaken up” does not imply change. Interestingly, days earlier I had come across an article from Harvard Business Review entitled “What Is Disruptive Innovation?”. …


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In the early 2000s, Visa began promoting contactless payments. Now in many countries, people can no longer imagine life without tapping their cards and fast payment checkout, but it has taken us 10 long years for this technology to become mainstream. Back then, I was a General Manager at Visa and led a team that helped to introduce contactless payments across Central & Eastern Europe. It was not easy, but we already knew that this technology would create new consumer habits and help consumers pay in new ways.

3 months ago, I joined the blockchain startup Crypterium because I see many parallels: similar to contactless payments, cryptocurrency can significantly simplify and improve the lives of billions of people. I have always been passionate about how new financial services can empower consumers. In addition, cryptocurrencies can enable completely new ways to send and receive funds, borrow or save, as well as make payments. It is an exciting evolution, maybe revolution, in the way that customers can access financial services and I am excited to be part of this new wave.

About

Steven Parker

CEO at Crypterium, former General Manager of Visa, financial expert with 20+ years of experience https://crypterium.com/

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