Fintech companies are all chomping at the bit to take market share away from banks. Right now they’re making inroads on services like currency transfers, but will they ever extend to offering full service banking, including lending. Unlikely, says Steve Keen, because banks use money creation to make profits. But, Phil Dobbie asks, if cryptocurrencies can be created from nothing, whats to stop other non-banks from developing new global currencies that negate the need for us to rely on traditional transactional banking?
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NBN in Willunga: the low-down
We talk about the NBN with those who are in the know – people who are actually using services over the network.
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The NBN’s upside in Doonside
NBN Co connected the first broad-acre development to the National Broadband Network yesterday. Twisted Wire made a visit, as well as eavesdropping on the ACANN annual conference.
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Markets hit hard on concerns over COVID and the election aftermath
The markets hit the deck running from risk first thing in Europe, says NAB’s David de Garis. COVID infections and concerns over the transition of power in the US are top of mind.
