AI crypto tokenization P2P reign among today’s credit card buzz words which also includes prepaid, bitcoin, EMV, and GDV.
The global artificial intelligence (AI) as a service market size is expected to reach US$77 billion by 2025, according to PYRPTS. When it comes tokenization there is a migration by the payment networks for card-on-file tokenization. Japan is doing away with the definition of “virtual currency” and replacing it with the broader term “cryptographic assets” for regulatory purposes.
Meanwhile, LocalBitcoins is gaining traction in Asia as Coinnest and Bithumb stumble as peer-to-peer (P2P) bitcoin exchanges. The U.S. deployment of EMV has been a crushing blow to counterfeit payment cards. U.S. credit card GDV (gross dollar volume) for Visa [V], Mastercard [MA], American Express [AXP], and Discover [DFS] in the first-quarter 2019, declined to a 7.0% year-on-year (YOY) gain, compared to 9.8% one-year ago, a 9.4% YOY gain in 1Q/17 and an 8.6% jump in 1Q/16.
Japan Hardens Rules for Cryptocurrency Storage and Trading MORE . . . . . . EMV Drives POS Counterfeit Fraud Down 76% MORE . . . . . . Prepaid Card Market to Globally Hit Near 13% CAGR by 2023 MORE . . . . . . . Zelle Operator Early Warning Hires New CEO MORE . . . . . . Citibank Retail Cards Gather More Steam in the First-Quarter MORE . . . . . . Crypto Firms Gear Up To Fight SEC; Consumers Can Use Crypto To Pay Bills Down Under MORE . . . . . . Ed McLaughlin, Mastercard President of Operations and Technology Will Keynote at the 4th Annual AI Summit in London, June 12-13 MORE . . . . . . Tokenization Buzz Gets More Attention Than Fundamentals MORE . . . . . . South Korea: Bitcoin Trading Volumes Hit All-Time High on P2P Exchange Local Bitcoins MORE . . . . First-Quarter U.S. Credit Card Volume Slows 280 bps YOY and 8.8% CAGR MORE . . . . . .