News for hackers. Stuff that matters.

A comment on Financial innovations brought by technology. Parent comment

Re:Financial innovations brought by technology by okwubodu on Friday October 29, 2021 @02:28PM (#29041933)
> The future is programmable money. That's innovation IMHO.

What you've described can be done today with smart contracts on a number of blockchains.

[ Parent | on HN ]
Re:Financial innovations brought by technology by haskellandchill on Friday October 29, 2021 @03:35PM (#29042645)
It can also be done without those things, using code and financial APIs.
[ Parent | on HN ]
Re:Financial innovations brought by technology by okwubodu on Friday October 29, 2021 @03:57PM (#29042873)
I assumed APIs were ruled out when endisneigh said "No need to use something like stripe."

Are there really publicly accessible APIs I use to deploy that idea today?

[ Parent | on HN ]
Re:Financial innovations brought by technology by haskellandchill on Friday October 29, 2021 @05:36PM (#29043828)
You can always sacrifice speed for security. I like this design which was used to manage bitcoin: http://trilema.com/2013/mpex-tech-stuff/. Blockchain is a way of creating distributed ledgers. The rest is ideology. If you are making a publicly accessible API you can chose how to implement it. Regulations were applied to digital cash but given more run room with crypto.
[ Parent | on HN ]
Re:Financial innovations brought by technology by bduerst on Friday October 29, 2021 @05:40PM (#29043861)
It seems like Chime, Rho and a few others from the article are built on said APIs.
[ Parent | on HN ]
Re:Financial innovations brought by technology by jslove on Saturday October 30, 2021 @07:15AM (#29047884)
Paysera out of lithuania. Mr Tango. there are a few
[ Parent | on HN ]