Money Quote by Jerome Powell

The credit/debit card transaction system is antiquated, expensive, and inefficient. There are over nine steps to complete a transaction from the time a customer…

— Perianne Boring

The scope of activities for payments banks mainly includes acceptance of demand deposits, issuance of ATM/debit cards, payment and remittance services, and distribution of…

— Chanda Kochhar

Banks provide payment systems, core deposit and lending facilities that enable us to manage our day to day affairs.

— Chuka Umunna

[Virtual Currencies] may hold long-term promise, particularly if the innovations Promote a faster, more secure and more efficient payment system.

— Ben Bernanke

XRP is solving a payments problem, and it's very efficient to do that.

— Brad Garlinghouse

The Internet will not become a money machine until the banking industry figures out how to transfer money for free so you can charge…

— Erik Naggum

I do see very quickly a world where the satoshi system is what is used to make payments.

— Francis X. Suarez

We use the block chain to share value, just like Internet protocol lets us share communication. Our goal is to build a global, international…

— Jeremy Allaire

Transfer payments discourage the recipients from earning income in the present and from investing in their potential to earn income in the future. People…

— Robert Higgs

Most governments want their citizens to be part of the financial system, to be productive citizens as a result of having access to be…

— Dan Schulman

In 2011, when we launched TransferWise, it was our frustration with banks not giving us what we wanted or needed as customers. The motivation…

— Taavet Hinrikus

Consumers expect a safe, convenient, and affordable globalised payment platform.

— Lucy Peng