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Globally, there’s a massive opportunity to bank the unbanked. It’s the most transformative thing anyone can do, and solves a problem…

As we approach the transformational year of 2020, another trend promising to change how all financial transactions are conducted is gaining strength. Very simply, it’s a “cashless society,” defined as a society in which digital cash replaces banknotes and coins.

For many companies, 2018 is a year of regulatory change: In Canada, for example, there are proposed changes to the Canadian Payments Act that could result in the creation of a non-bank associate member role for Payments Canada.

nanopay’s Chief Risk Officer Amir Sunderji is featured in PYMNTS mid-year checkpoint reflecting on what has happened so far in the financial services, payments and commerce space. Read about it on page 35. https://www.pymnts.com/innovation/2018/payments-2018-ceo-execs-insights-trends-ebook/

“I love [bitcoin’s] technology and I love the concept and being able to have this shared oversight is great,” Laurence Cooke, founder and CEO of payment startup nanopay, tells Inverse. “[But] you cannot possibly compete with cash today, let alone a future platform like ours that is infinitely more scalable and much cheaper.”

Since 1990, CIAB FEBRABAN has been one of the biggest IT conferences in the financial sector, this year attracting more than 23,000 visitors, which included industry experts, CEOs of top banks, entrepreneurs and policymakers. Among those visitors was Laurence Cooke, CEO of the startup nanopay.

nanopay CEO Laurence Cooke was heartened after attending the IT conference CIAB FEBRABAN in Brazil, where digital fiat currencies were a hot topic of conversation.

https://investwisely.ca/future-of-payments/

As the startup grows, it’s time to transition from niche and isolated offerings to more sophisticated solutions that offer something for everyone, and any growing company must do the same.

nanopay Chief Security Officer Nicko van Someren weighs in on the pros and cons of Blockchain Technology in Pymnts.com’s Q2 Executive Insights eBook.