Differences between revisions 30 and 40 (spanning 10 versions)

The Future of Money

Eswar S. Prasad, 2021 BVT lib 332.4 PRA

Acronyms

Aber	272	Saudi Arabia, United Arab Emirates digital currency project
ACH	_46	Automated Clearing House Network
Alipay	_84	https://en.wikipedia.org/wiki/Alipay
AML	176	Anti Money Laundering regulations
Ant	_73	Alibaba financial arm
ATM	_61	Automated Teller Machine, 1967?
bancor	302	"bank gold", 1944 Keynes proposal for international bank money
BIS	277	Bank for International Settlements
Bitcoin IRA	189	California cryptocurrency retirement savings company
BoC	266	Bank of Canada
BoE	266	Bank of England
BoJ	_10	Bank of Japan
BTT	167	BitTorrent Token
Cantor	179	Cantor Exchange
Corda	267	??????
CBB	249	Central Bank of the Bahamas
CBDC	_ 4	Central Bank Digital Currencies
CDS	_42	Credit Default Swap
CFE	179	Cboe Futures Exchange
CFT	176	Combat the financing of terrorist activities
CFTC	178	Commodities Futures Trading Commission
	_68	Challenger banks
CHAPS	_43	Clearing House Automated Payment System, Bank of England
CHIPS	_47	Clearing House Interbank Payment System
CIPS	284	China's Cross-border Interbank Payment System
CTF	178	Combatting Terrorisim Financing
CME	179	Chicago Mercantile Exchange
DCEP	250	Digital Currency (for) Electronic Payment project, China
DeFi	182	Decentralized Finance
Degenerator	188	phony project to create DeFi project, created "Meme"
depth	298	large quantity of financial assets denominated in a currency, easily acquired
Diem	_10	A cryptocurrency, renamed from Libra
dim sum bonds	308	renminbi-denominated bonds
Dinero...	246	Ecuador 2014, Sistema de Dinero Electronico
DLT	107	Distributed Ledger Technology
DOGE	188	Doge, Dogecoin, Musk-approved
DvP	267	Delivery versus Payment settlements
ECB	_14	European Central Bank
e-CNY	_13	electronic Chinese yuan
e-Krona	254	Sweden Riksbank November 2016
EME	_11	Emerging Market Economy
E-peso	247	Uruguay experiment 2017
Etherscan	137	Ethereum Blockchain Explorer
ETO	166	Equity Token Offering
FCA	336	UK Financial Conduct Authority
FDIC	227	Federal Deposit Insurance Corporation
Fed	_13	United States Federal Reserve
Fedwire	_47	RTGS for 5500+ participants in the United States
FICO	_75	Fair Isaac Corporation, credit scoring
FinCEN	178	US Treasury Financial Crimes Enforcement Unit
Fintech	_ 6	Financial technologies
	_71	Funding Circle
G-3	_14	Group of 3 ( BoJ, ECB, Fed )
GDP	_13	Gross Domestic Product
GEM	248	Global E-Note Manager
gpi	283	global payments innovation
HTLC	162	hashed time locked contracts
ICO	162	Initial coin offering
IEO	166	Initial exchange offering
IMF	263	International Monetary Fund
IMFS	302	International Monetary and Financial System
INSTEX	285	Instrument in Support of Trade Exchanges, Germany France UK
JUMO	_77	business to business financial services platform
Kickstarter	_72	crowd funding
Kiva	289	crowdfunding microloans to developing nation entrepreneurs
Kontantupproret	211	Sweden's Cash Uprising
KYC	178	Know Your Customer
LEGOs	185	analogy - decentralized finance systems assembled from components
	_70	Lending Club
	_72	Lending Tree
Libra	_09	A cryptocurrency, renamed Diem
Liink	283	Interbank Information Network, blockchain JPMorgan Chase
liquidity	299	easy to trade an asset in large quantities
LSM	267	Liquidity Saving Mechanism
Lufax	_77	Shanghai Lujiazui International Financial Asset Exchange
Luno	337	rebranded !BitX cryptocurrency trading company
LVTS	324	Bank of Canada Large Value Transfer System
MAS	266	Monetary Authority of Singapore
M0	_28	Currency (banknotes and coins) in circulation
M1	_28	M0 plus demand deposits and checking deposits
M2	_28	broad money: M1, small deposits, savings, travellers checks, retail money market mutual funds
M3	_31	Sweden, India term
MAS	266	Monetary Authority of Singapore
M-PESA	_65	Kenya Safaricom mobile phone money (Swahili "pesa" )
NFC	253	Near Field Communication
NINJA	_43	loans: No Income, No Job, No Assets
NYDFS	180	New York State Department of Financial Services
OECD	277	Organisation for Economic Co-operation and Development
OnDeck	100	https://en.wikipedia.org/wiki/OnDeck_Capital
Oscar	_81	Health Insurance
P2P	_69	Peer-to-peer (lending for example)
Paytm	_88	India Prepaid Mobile Phone Cards
PBC	_75	People's Bank of China
Petro	259	2017 Venezuelan cryptocurrency
Quadriga	148	Quadriga Fintech Solutions
Quorum	283	A permissioned variant of the Ethereum blockchain
Riksbank	254	Swedish Central Bank
RIX	256	Swedish Riksbank settlement system
RBI	176	Reserve Bank of India
RMB	_76	Renminbi (0.14 USD in 2022)
RMG	265	Royal Mint Gold, cryptocurrency backed by gold holdings
RTGS	_46	Real-Time Gross Settlement system
sandbox	336	financial innovation testing?
S&P 500	_37	Standard & Poors stock market index
SDR	304	IMF Special Drawing Rights, composite digital pseudo-currency
SEC	_70	United States Securities and Exchange Commission
SGX	268	Singapore Exchange
SHC	301	Synthetic hegemonic currency
SHTF	234	Shit Hitting the Fan
SME	_75	Small and Medium Sized Enterprise
SOV	263	Marshall Islands digital currency
SPFS	284	Russia's System for Transfer of Financial Messages
STO	162	Security token offering
SMS	_65	Short Message Service for mobile phones
Stripe	_88	Online payment processor
SWIFT	_48	Society for Worldwide Interbank Financial Telecommunication 1973
TARGET2	_47	Trans-European Automated Real-time Gross settlement Express Transfer System 2
Tether		Cryptocurrency
TOR	146	https://en.wikipedia.org/wiki/Tor_(network)
Tramonex	337	test e-money platform for donations
	235	Transactional Decoupling: instant gratification, delayed payment
UPI	_87	Unified Payments Interface (India)
Upstart	_71	lender
VASP	171	Virtual Asset Service Provider
	286	vehicle currency (in index) for trades between minor currencies
Venmo	_83	Peer-to-peer payment system
WeChat	_84	payment system
W-CBDC	270	wholesale Central Bank Digital Currencies
Wealthfront	_95	Wealthfront automated portfolio manager
Whale	175	>1800 Bitcoin whales with more than 1000 bitcoins each
WhatsApp	300	Mobile messaging platform
Wise	_91	Wise aka TransferWise remittance network
WorldRemit	_92	WorldRemit money transfer system
XRP	_90	Ripple digital payment processing system

-  ⇤ ← Revision 30 as of 2022-10-27 03:42:49 → 
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+   ← Revision 40 as of 2022-10-27 22:48:01 → ⇥
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  Editor: KeithLofstrom
  Comment:
-Deletions are marked like this.
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+First edition, copyright 2021.   Poorly indexed, too many
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-|| Aber        || 272 || Saudi Arabia, United Arab Emirates digital currency project  || 
|| ACH         || _46 || Automated Clearing House Network                             ||
|| Alipay      || _84 || [[ https://en.wikipedia.org/wiki/Alipay || Payment system ]] ||
|| AML         || 176 || Anti Money Laundering regulations                            ||
|| Ant         || _73 || Alibaba financial arm                                        ||
|| ATM         || _61 || Automated Teller Machine, 1967?                              ||
|| BIS         || 277 || Bank for International Settlements                           ||
|| Bitcoin IRA || 189 || California cryptocurrency retirement savings company         ||
|| BoC         || 266 || Bank of Canada                                               ||
|| BoE         || 266 || Bank of England                                              ||
|| BoJ         || _10 || Bank of Japan                                                ||
|| BTT         || 167 || !BitTorrent Token                                            ||
|| Cantor      || 179 || Cantor Exchange                                              ||
|| Corda       || 267 || ???????????????????????????????                              ||
|| CBB         || 249 || Central Bank of the Bahamas                                  ||
|| CBDC        || _ 4 || Central Bank Digital Currencies                              ||
|| CDS         || _42 || Credit Default Swap                                          ||
|| CFE         || 179 || Cboe Futures Exchange                                        ||
|| CFT         || 176 || Combat the financing of terrorist activities                 ||
|| CFTC        || 178 || Commodities Futures Trading Commission                       ||
||             || _68 || Challenger banks                                             ||
|| CHAPS       || _43 || Clearing House Automated Payment System, Bank of England     ||
|| CHIPS       || _47 || Clearing House Interbank Payment System                      ||
|| CTF         || 178 || Combatting Terrorisim Financing                              ||
|| CME         || 179 || Chicago Mercantile Exchange                                  ||
|| DCEP        || 250 || Digital Currency (for) Electronic Payment project, China     ||
|| !DeFi       || 182 || Decentralized Finance                                        ||
|| Degenerator || 188 || phony project to create !DeFi project, created "Meme"        ||
+|| Aber        || 272 || Saudi Arabia, United Arab Emirates digital currency project                   ||
|| ACH         || _46 || Automated Clearing House Network                                              ||
|| Alipay      || _84 || [[ https://en.wikipedia.org/wiki/Alipay || Payment system ]]                  ||
|| AML         || 176 || Anti Money Laundering regulations                                             ||
|| Ant         || _73 || Alibaba financial arm                                                         ||
|| ATM         || _61 || Automated Teller Machine, 1967?                                               ||
|| bancor      || 302 || "bank gold", 1944 Keynes proposal for international bank money                ||
|| BIS         || 277 || Bank for International Settlements                                            ||
|| Bitcoin IRA || 189 || California cryptocurrency retirement savings company                          ||
|| BoC         || 266 || Bank of Canada                                                                ||
|| BoE         || 266 || Bank of England                                                               ||
|| BoJ         || _10 || Bank of Japan                                                                 ||
|| BTT         || 167 || !BitTorrent Token                                                             ||
|| Cantor      || 179 || Cantor Exchange                                                               ||
|| Corda       || 267 || ??????                                                                        ||
|| CBB         || 249 || Central Bank of the Bahamas                                                   ||
|| CBDC        || _ 4 || Central Bank Digital Currencies                                               ||
|| CDS         || _42 || Credit Default Swap                                                           ||
|| CFE         || 179 || Cboe Futures Exchange                                                         ||
|| CFT         || 176 || Combat the financing of terrorist activities                                  ||
|| CFTC        || 178 || Commodities Futures Trading Commission                                        ||
||             || _68 || Challenger banks                                                              ||
|| CHAPS       || _43 || Clearing House Automated Payment System, Bank of England                      ||
|| CHIPS       || _47 || Clearing House Interbank Payment System                                       ||
|| CIPS        || 284 || China's Cross-border Interbank Payment System                                 ||
|| CTF         || 178 || Combatting Terrorisim Financing                                               ||
|| CME         || 179 || Chicago Mercantile Exchange                                                   ||
|| DCEP        || 250 || Digital Currency (for) Electronic Payment project, China                      ||
|| !DeFi       || 182 || Decentralized Finance                                                         ||
|| Degenerator || 188 || phony project to create !DeFi project, created "Meme"                         ||
|| depth       || 298 || large quantity of financial assets denominated in a currency, easily acquired ||
-Line 35:
+Line 40:
-|| Dinero...   || 246 || Ecuador 2014, Sistema de Dinero Electronico                  ||
+|| dim sum bonds || 308 || renminbi-denominated bonds                                                  ||
|| Dinero...   || 246 || Ecuador 2014, Sistema de Dinero Electronico                                   ||
-Line 37:
+Line 43:
-|| DOGE        || 188 || Doge, Dogecoin, Musk-approved                                ||
|| DvP         || 267 || Delivery versus Payment settlements                          ||
|| ECB         || _14 || European Central Bank                                        ||
|| e-CNY       || _13 || electronic Chinese yuan                                      ||
|| e-Krona     || 254 || Sweden Riksbank November 2016                                ||
|| EME         || _11 || Emerging Market Economy                                      ||
|| E-peso      || 247 || Uruguay experiment 2017                                      ||
|| Etherscan   || 137 || [[ https://etherscan.io/ | Ethereum Blockchain Explorer]]    ||
|| ETO         || 166 || Equity Token Offering                                        ||
|| FDIC        || 227 || Federal Deposit Insurance Corporation                        ||
|| Fed         || _13 || United States Federal Reserve                                ||
|| Fedwire     || _47 || RTGS for 5500+ participants in the United States             ||
|| FICO        || _75 || Fair Isaac Corporation, credit scoring                       ||
|| FinCEN      || 178 || US Treasury Financial Crimes Enforcement Unit                ||
|| Fintech     || _ 6 || Financial technologies                                       ||
||             || _71 || Funding Circle                                               ||
|| G-3         || _14 || Group of 3 ( BoJ, ECB, Fed )                                 ||
|| GDP         || _13 || Gross Domestic Product                                       ||
|| GEM         || 248 || Global E-Note Manager                                        ||
|| HTLC        || 162 || hashed time locked contracts                                 ||
+|| DOGE        || 188 || Doge, Dogecoin, Musk-approved                                                 ||
|| DvP         || 267 || Delivery versus Payment settlements                                           ||
|| ECB         || _14 || European Central Bank                                                         ||
|| e-CNY       || _13 || electronic Chinese yuan                                                       ||
|| e-Krona     || 254 || Sweden Riksbank November 2016                                                 ||
|| EME         || _11 || Emerging Market Economy                                                       ||
|| E-peso      || 247 || Uruguay experiment 2017                                                       ||
|| Etherscan   || 137 || [[ https://etherscan.io/ | Ethereum Blockchain Explorer]]                     ||
|| ETO         || 166 || Equity Token Offering                                                         ||
|| FCA         || 336 || UK Financial Conduct Authority                                                ||
|| FDIC        || 227 || Federal Deposit Insurance Corporation                                         ||
|| Fed         || _13 || United States Federal Reserve                                                 ||
|| Fedwire     || _47 || RTGS for 5500+ participants in the United States                              ||
|| FICO        || _75 || Fair Isaac Corporation, credit scoring                                        ||
|| FinCEN      || 178 || US Treasury Financial Crimes Enforcement Unit                                 ||
|| Fintech     || _ 6 || Financial technologies                                                        ||
||             || _71 || Funding Circle                                                                ||
|| G-3         || _14 || Group of 3 ( BoJ, ECB, Fed )                                                  ||
|| GDP         || _13 || Gross Domestic Product                                                        ||
|| GEM         || 248 || Global E-Note Manager                                                         ||
|| gpi         || 283 || global payments innovation                                                    ||
|| HTLC        || 162 || hashed time locked contracts                                                  ||
-Line 59:
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-|| IMF         || 263 || International Monetary Fund                                  ||
|| JUMO        || _77 || business to business financial services platform             ||
|| Kickstarter || _72 || crowd funding                                                ||
|| Kontantupproret || 211 || Sweden's Cash Uprising                                   ||
|| KYC         || 178 || Know Your Customer                                           ||
|| LEGOs       || 185 || analogy - decentralized finance systems assembled from components ||
||             || _70 || [[ https://en.wikipedia.org/wiki/LendingClub | Lending Club ]] ||
||             || _72 || [[ https://en.wikipedia.org/wiki/LendingTree | Lending Tree ]] ||
+|| IMF         || 263 || International Monetary Fund                                                   ||
|| IMFS        || 302 || International Monetary and Financial System                                   ||
|| INSTEX      || 285 || Instrument in Support of Trade Exchanges, Germany France UK                   ||
|| JUMO        || _77 || business to business financial services platform                              ||
|| Kickstarter || _72 || crowd funding                                                                 ||
|| Kiva        || 289 || crowdfunding microloans to developing nation entrepreneurs                    ||
|| Kontantupproret || 211 || Sweden's Cash Uprising                                                    ||
|| KYC         || 178 || Know Your Customer                                                            ||
|| LEGOs       || 185 || analogy - decentralized finance systems assembled from components             ||
||             || _70 || [[ https://en.wikipedia.org/wiki/LendingClub | Lending Club ]]                ||
||             || _72 || [[ https://en.wikipedia.org/wiki/LendingTree | Lending Tree ]]                ||
-Line 68:
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-|| LSM         || 267 || Liquidity Saving Mechanism                                   ||
|| Lufax       || _77 || Shanghai Lujiazui International Financial Asset Exchange     ||
|| MAS         || 266 || Monetary Authority of Singapore                              ||                              
|| M0          || _28 || Currency (banknotes and coins) in circulation                ||
|| M1          || _28 || M0 plus demand deposits and checking deposits                ||
+|| Liink       || 283 || [[ https://www.jpmorgan.com/onyx/liink | Interbank Information Network, blockchain JPMorgan Chase ]] ||
|| liquidity   || 299 || easy to trade an asset in large quantities                                    ||
|| LSM         || 267 || Liquidity Saving Mechanism                                                    ||
|| Lufax       || _77 || Shanghai Lujiazui International Financial Asset Exchange                      ||
|| Luno        || 337 || rebranded !BitX cryptocurrency trading company                                ||
|| LVTS        || 324 || Bank of Canada [[ https://en.wikipedia.org/wiki/Large_Value_Transfer_System | Large Value Transfer System ]]||
|| MAS         || 266 || Monetary Authority of Singapore                                               ||
|| M0          || _28 || Currency (banknotes and coins) in circulation                                 ||
|| M1          || _28 || M0 plus demand deposits and checking deposits                                 ||
-Line 74:
+Line 89:
-|| M3          || _31 || Sweden, India term                                           ||
|| MAS         || 266 || Monetary Authority of Singapore                              ||
|| M-PESA      || _65 || Kenya Safaricom mobile phone money (Swahili "pesa" )         ||
|| NFC         || 253 || Near Field Communication                                     ||
|| NINJA       || _43 || loans: No Income, No Job, No Assets                          ||
|| NYDFS       || 180 || New York State Department of Financial Services              ||
|| OECD        || 277 || Organisation for Economic Co-operation and Development       ||
|| !OnDeck     || 100 || [[ https://en.wikipedia.org/wiki/OnDeck_Capital || business lending ]] ||
|| Oscar       || _81 || [[ https://en.wikipedia.org/wiki/Oscar_Health | Health Insurance ]] ||
|| P2P         || _69 || Peer-to-peer (lending for example)                           ||
+|| M3          || _31 || Sweden, India term                                                            ||
|| MAS         || 266 || Monetary Authority of Singapore                                               ||
|| M-PESA      || _65 || Kenya Safaricom mobile phone money (Swahili "pesa" )                          ||
|| NFC         || 253 || Near Field Communication                                                      ||
|| NINJA       || _43 || loans: No Income, No Job, No Assets                                           ||
|| NYDFS       || 180 || New York State Department of Financial Services                               ||
|| OECD        || 277 || Organisation for Economic Co-operation and Development                        ||
|| !OnDeck     || 100 || [[ https://en.wikipedia.org/wiki/OnDeck_Capital || business lending ]]        ||
|| Oscar       || _81 || [[ https://en.wikipedia.org/wiki/Oscar_Health | Health Insurance ]]           ||
|| P2P         || _69 || Peer-to-peer (lending for example)                                            ||
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+Line 100:
-|| PBC         || _75 || People's Bank of China                                       ||
|| Petro       || 259 || 2017 Venezuelan cryptocurrency                               ||
+|| PBC         || _75 || People's Bank of China                                                        ||
|| Petro       || 259 || 2017 Venezuelan cryptocurrency                                                ||
-Line 88:
+Line 103:
-|| Riksbank    || 254 || Swedish Central Bank                                         ||
|| RIX         || 256 || Swedish Riksbank settlement system                           ||
|| RBI         || 176 || Reserve Bank of India                                        ||
|| RMB         || _76 || Renminbi (0.14 USD in 2022)                                  ||
|| RMG         || 265 || Royal Mint Gold, cryptocurrency backed by gold holdings      ||
|| RTGS        || _46 || Real-Time Gross Settlement system                            ||
|| S&P 500     || _37 || Standard & Poors stock market index                          ||
|| SEC         || _70 || United States Securities and Exchange Commission             ||
|| SGX         || 268 || Singapore Exchange                                           ||
|| SHTF        || 234 || Shit Hitting the Fan                                         ||
|| SME         || _75 || Small and Medium Sized Enterprise                            ||
|| SOV         || 263 || Marshall Islands digital currency                            ||
+|| Quorum      || 283 || A permissioned variant of the Ethereum blockchain                             ||
|| Riksbank    || 254 || Swedish Central Bank                                                          ||
|| RIX         || 256 || Swedish Riksbank settlement system                                            ||
|| RBI         || 176 || Reserve Bank of India                                                         ||
|| RMB         || _76 || Renminbi (0.14 USD in 2022)                                                   ||
|| RMG         || 265 || Royal Mint Gold, cryptocurrency backed by gold holdings                       ||
|| RTGS        || _46 || Real-Time Gross Settlement system                                             ||
|| sandbox     || 336 || financial innovation testing?                                                 ||
|| S&P 500     || _37 || Standard & Poors stock market index                                           ||
|| SDR         || 304 || [[ https://www.imf.org/en/About/Factsheets/Sheets/2016/08/01/14/51/Special-Drawing-Right-SDR | IMF Special Drawing Rights ]], composite digital pseudo-currency                                                   ||
|| SEC         || _70 || United States Securities and Exchange Commission                              ||
|| SGX         || 268 || Singapore Exchange                                                            ||
|| SHC         || 301 || Synthetic hegemonic currency                                                  ||
|| SHTF        || 234 || Shit Hitting the Fan                                                          ||
|| SME         || _75 || Small and Medium Sized Enterprise                                             ||
|| SOV         || 263 || Marshall Islands digital currency                                             ||
|| SPFS        || 284 || Russia's System for Transfer of Financial Messages                            ||
-Line 107:
+Line 127:
+|| Tramonex    || 337 || test e-money platform for donations                                           ||
-Line 111:
+Line 132:
+||             || 286 || vehicle currency (in index) for trades between minor currencies               ||
-Line 113:
+Line 135:
+|| W-CBDC      || 270 || wholesale Central Bank Digital Currencies                                     ||
|| Wealthfront || _95 || [[ https://en.wikipedia.org/wiki/Wealthfront | Wealthfront ]] automated portfolio manager ||
|| Whale       || 175 || >1800 Bitcoin whales with more than 1000 bitcoins each                        ||
|| WhatsApp    || 300 || [[ https://www.whatsapp.com/ | Mobile messaging platform ]]                   ||
|| Wise        || _91 || [[ https://en.wikipedia.org/wiki/Wise_(company) | Wise ]] aka !TransferWise remittance network ||
|| WorldRemit  || _92 || [[ https://en.wikipedia.org/wiki/WorldRemit | WorldRemit ]] money transfer system ||
-Line 114:
+Line 142:
-|| W-CBDC      || 270 || wholesale Central Bank Digital Currencies                                     ||
||             || _95 || [[ https://en.wikipedia.org/wiki/Wealthfront  | Wealthfront ]] automated portfolio manager ||                                            || Whale       || 175 || >1800 Bitcoin whales with more than 1000 bitcoins each                        ||
|| Wise        || _91 || [[ https://en.wikipedia.org/wiki/Wise_(company) | Wise ]] aka !TransferWise remittance network ||
||             || _92 || [[ https://en.wikipedia.org/wiki/WorldRemit | WorldRemit ]] money transfer system ||

Diff for "TheFutureOfMoney"

The Future of Money

Eswar S. Prasad, 2021 BVT lib 332.4 PRA

Acronyms