@dgwbirch @debgamble1

Some personal and final payments takeaways from todays unconference in Toronto:

• Canada is Canadian – conservative and sees the status quo as a barrier to change
• Common agreement that what is needed is real time and cheap payments (P2P, P2B, B2B)
  • How and why this should happen gets fuzzy for most
• Canada has the potential to be world leading edge in payments given:
  • shared national infrastructure (CPA, Interac, national P2P system)
  • the postive has the corollary of a shared infrastructure owned by those with least to gain from change (big 5 banks)
  • postitive regulatory environment looking for a greater pro-consumer approach from financial services; note a member of the Government Privacy Department (PPIDA) was present with a mandate to understand whats holding us back
  • old infrastructure (in payments)
• banking and payments are emotional in nature (@heathervescent)
• Bitcoin and blockchain is about technology but it brings out a certain mindset and set of beliefs in transparency and enablement
• No real sense that there is a burning platform for big 5 banks to change anything without some intervention

@dgwbirch @debgamble1 #TTTU2015