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Peter Nordgaard 11.45 - 12.30

Kommercielle Blockchain Produkter

Blockchain

Fra Pirater til Pesetas

Agenda

4. Future

1. Blockchain – what is the big news?

2. The payment Process

3. Commercial Solutions

I have never worked in a Bank!

So please excuse me…

4

No Central databases –Open peer to peer

It is digital, fast, inexpensive and secure – and protects your identity

Transactions are handled in an open ledger

As always - It is yet to be seen what we can really use this technology for!

Bank Revolution

Blockchain from Pirates and Idealist – to Commercial Business

Money Plundering !!!

From the ”Internet of information” to

the ”Internet of Assets”

Bitcoins are not ”moving”… Trade is very

small..

NEW MONEY! New Cryptocurrencies will appear and each time with new

features

While production management is in rapid development and global - payments are still not global!

Blockchain technology is made for trading globally and online

It supports the need for payment transactions rules and clearance – instantly!

PSP

Acquirer 3D

Verification

Bank

Scheme (eg. VISA)

Payment

Services Customer

It is all fun stuff – but how do we commercialize?

Coinify

Privately funded by SEB Bank, SEED and private investors

Enabling Payments Helping merchants accept ie. Bitcoins for their transactions

Currency Exchange Enable consumers frictionless instantly to exchange between i.e. Bitcoins and Fiat Money

Synergies

All digital Currencies 20 different cryptocurrencies currently

“According to an in depth

blockchain analysis, Coinify is

one of the top 4 merchant

processors worldwide.”

CEO Michael Gronager,

Chainalysis

Digital Currencies made (at least) as simple as a creditcard payment

Close to 20.000 Merchants are currently enrolled in the Coinify Merchant Program

“…through Coinify we have seen a 3% increase in margins. Furthermore we have had zero chargebacks from our hundreds of digital currency customers.” - Rune Risom, Hungry Group CEO

Can you buy an apartment in the middle of Copenhagen with Bitcoins?

»I en bank ville det måske tage flere måneder at finde ud af, hvor pengene kom fra, men med bitcoinsystemet er det kun to klik væk. Vi kunne slå op i et system og tjekke, at hans historie om, at han selv havde skabt dem tilbage i 2010, var sand.« Joosep Vatras, Coinify

Hvad kan man IKKE købe med

cryptocurrencies?

Money with memory and rules

Sorry Blockchain, Any Joe Schmoe Shouldn’t Be Able to Start a Bank Bailey Reutzel (@BLR13) | Published on August 28, 2016 at 15:04 BS

AlphaBay is a darknet site and you can only access the AlphaBay URL via the Tor network. It offers all sorts of listings, but mostly illicit drugs, firearms, stolen personal information, etc. The payment is regulated by bitcoins.

Disrupt the payment chain – and create efficiency!

More than 90% of transaction costs could be eliminated

Now it is for real!

Soon at a place near you…

Loyalty Programs

Direct Wallet Trading Better

Merchant Integration

Next phase? How will our merchant

adopt new payment processes?

A lot of actors will join the scene!

The not so distant future?

Other complicated paymentflows?

Sharing Consumer Data?

I marts 2016 havde Bilka i Kolding haft to MobilePay transaktioner på en lørdag, som er ugens travleste dag (Møller, 2016).

The road ahead?

In 2015, Tunisia replaced its digital currency, the e-dinar, with blockchain-based Monetas currency. Further, Tunisia’s national postal service also teamed up with Monetas to provide a new payment infrastructure.

Still inmature technology This I don´t believe!

We believe…. Payments

are too difficult

New solutions will arrive and with

high pace!

Everything is global – except

payments!

Cryptocurrencies will mature and be commercial

Fiat Currencies

will be digital

Crypto-currencies holds new forms of

Compliance

Peter Nordgaard – meet me on Linked In

Tak for i dag! www.coinify.com