The Future of Money

Eswar S. Prasad, 2021 BVT lib 332.4 PRA

Acronyms

ACH

.46

Automated Clearing House Network

Alipay

.84

https://en.wikipedia.org/wiki/Alipay

Ant

.73

Alibaba financial arm

ATM

.61

Automated Teller Machine, 1967?

BoJ

.10

Bank of Japan

CBDC

..4

Central Bank Digital Currencies

CDS

.42

Credit Default Swap

.68

Challenger banks

CHAPS

.43

Clearing House Automated Payment System, Bank of England

CHIPS

.47

Clearing House Interbank Payment System

Diem

.10

A cryptocurrency, renamed from Libra

DLT

107

Distributed Ledger Technology

ECB

.14

European Central Bank

e-CNY

.13

electronic Chinese yuan

EME

.11

Emerging Market Economy

137

Ethereum Blockchain Explorer

ETO

166

Equity Token Offering

Fed

.13

United States Federal Reserve

Fedwire

.47

RTGS for 5500+ participants in the United States

FICO

.75

Fair Isaac Corporation, credit scoring

Fintech

6

Financial technologies

_71

Funding Circle

G-3

_14

Group of 3 ( BoJ, ECB, Fed )

GDP

_13

Gross Domestic Product

ICO

162

Initial coin offering

IEO

166

Initial exchange offering

JUMO

.77

business to business financial services platform

.72

Kickstarter crowd funding

.70

Lending Club

.72

Lending Tree

Libra

.09

A cryptocurrency, renamed Diem

Lufax

.77

Shanghai Lujiazui International Financial Asset Exchange

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

M-PESA

.65

Kenya Safaricom mobile phone money (Swahili "pesa" )

NINJA

.43

loans; No Income, No Job, No Assets

OnDeck

100

https://en.wikipedia.org/wiki/OnDeck_Capital

Oscar

.81

Health Insurance

Paytm

.88

India Prepaid Mobile Phone Cards

PBC

.75

People's Bank of China

P2P

.69

Peer-to-peer (lending for example)

Quadriga

148

Quadriga Fintech Solutions

RMB

.76

Renminbi (0.14 USD in 2022)

RTGS

.46

Real-Time Gross Settlement system

S&P 500

.37

Standard & Poors stock market index

SEC

.70

United States Securities and Exchange Commision

SME

.75

Small and Medium Sized Enterprise

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)

UPI

.87

Unified Payments Interface (India)

Upstart

.71

lender

Venmo

.83

Peer-to-peer payment system

WeChat

.84

payment system

XRP

.90

Ripple digital payment processing system

.95

Wealthfront automated portfolio manager

Wise

.91

Wise aka TransferWise remittance network

.92

WorldRemit money transfer system