Security vs Utility

There seems to a flurry of interest in STOs (security token offerings) lately. In this essay, we shall try to distinguish between security and utility tokens and fathom how STOs might be used. Game Arcade Analogy Game arcades offer a plethora of games including merry-go-round, basketball hoop shoot, pinball and electronic games. Payment for games is usually via tokens which can be purchased from a token counter. Why use tokens instead of coins? Centralised cash handling, security (not having 50 cash locations in an arcade of 50 games), ease of converting notes including foreign notes, ease in changing...

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Coffe at Quartet KL

Ewallet Evolution

Usage Cashless payments (ewallets) seem to have gone off the boil a bit. The forums are filled with support questions as compared to feature discussions and product suggestions earlier. Common gripes: Multi-step UX compared to cash or cards Reluctant cashiers, no internet connection Server downtime, top-up issues Add to these is usage which has been driven by discounts (cashbacks), gaming (shaking the phone etc) and elite incentives (optimal FX rates). Abandonment At this rate, ewallets risk going the way of ebikes (mobike, ofobike) in the sense the solution is ahead of its time. One way forward is to get...

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Apple Meituan

Subsequent to our previous post on ewallets, there have been a number of developments at the ewallet front. These will be covered in a two parter; part one follows, part two in the next post. Apple Card App-based credit card with option for a physical card Sign-up in minutes via app and use immediately 1 Big tech's first foray into neo banking, on Apple's upmarket chops Users may develop into an upper class, spending bloc Thus enticing merchants and others to sign-up Meituan mei=beautiful | tuan=mission Vending machines, mamak & petrol stations not compelling use cases 2 But food could be (with some marketing incentives) In China, Meituan (food delivery)...

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