Posts Tagged ‘transactions’

Jack Dorsey: Single World Currency

Posted by admin on Sunday, April 1, 2018

Jack Dorsey Money Quote saying there will only be one type of currency soon, that will be Bitcoin for all transactions online as well as offline. Jack Dorsey said:
The world will ultimately have one currency, the internet a single currency. It will be Bitcoin Quote

“The world ultimately will have a single currency, the internet will have a single currency. I personally believe that it will be Bitcoin” — Jack Dorsey

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Kalinda Rose Stevenson: Monopoly Money

Posted by admin on Sunday, November 19, 2017

Kalinda Rose Stevenson Money Quote saying you can make money by serving others, cooperating and adding value to create new money. Kalinda Rose Stevenson said:
Stop playing with monopoly money - cooperation more profitable than competition, serving the interests of others Quote

“What happens to business when you stop playing with Monopoly money? You will discover that money is unlimited because money is created by transactions, cooperation is more profitable than cutthroat competition, and you can make money while serving the best interests of other people” — Kalinda Rose Stevenson

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Dan Schulman: Bank Branch in Hand

Posted by admin on Monday, February 13, 2017

Daniel Schulman Money Quote saying as CEO of Paypal that mobile phones make it possible to do all consumer bank transactions from anywhere using banking apps and finance tools online. Daniel Schulman said:

You have all the power of a bank branch in the palm of your hand right now. So basic consumer financial transactions can be done quickly, you don’t need to stand in line
— Dan Schulman

Aaron Klein: Days to Clear Check

Posted by admin on Friday, October 7, 2016

Aaron Klein Money Quote saying the Federal Reserve needs to allow financial transactions to speed up and financial technology providers to innovate. Aaron Klein said:

It seems remarkable that in a world in which you can deposit a check from your bedroom or use PayPal or Venmo to send money across the world in seconds, it can still take two to five days to clear a check, or that debit-card transactions are processed only once a day
— Aaron Klein

Maria T. Vullo: Money Laundering Bank

Posted by admin on Tuesday, August 23, 2016

Maria T. Vullo, New York Department of Financial Services Superintendent said:

“DFS will not tolerate the flagrant disregard of anti-money laundering laws and will take decisive and tough action against any institution that fails to have compliance programs in place to prevent illicit transactions. The compliance failures that DFS found at the New York Branch of Mega Bank are serious, persistent and affected the entire Mega banking enterprise and they indicate a fundamental lack of understanding of the need for a vigorous compliance infrastructure. DFS’s recent examination uncovered that Mega Bank’s compliance program was a hollow shell, and this consent order is necessary to ensure future compliance.” — New York Department of Financial Services Superintendent Maria T. Vullo

Irving Fisher: Loan Transactions

Posted by admin on Sunday, July 25, 2010

Irving Fisher Money Quotation tells us that the money in circulation is controlled by banks that don’t actually have possession of that money.

Thus, our national circulating medium is now at the mercy of loan transactions of banks, which lend, not money, but promises to supply money they do not possess

— Irving Fisher

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