The short presentation aims to show the impact on the business of banks, payment operators and consumers when cryptocurrencies like BITCOIN becomes REAL MONIES.

1. Andrew Koh
6 September 2015
FUTURE THINK:
WHAT IF BITCOIN
BECOMES Real Monies?

2. 2
Thought leader, speaker, moderator, panelist, writer, advisor
• Major conferences: World Cards & Payments; Financial Times ; RiskMinds
Asia; Bloomberg ; Cards & Payments Asia; The Asian Banker.
• Presented to: central banks, regulators, government agencies, financial
institutions, universities, private equity & financial technology firms.
• Published articles for an award winning magazine: Strategic Risk Asia.
25 years in payments, banking, finance & cards sectors
• Experience in cards, payments, Basel, ERM, GRC, Fraud, Outsourcing, RCSA,
KRIs, Stress Testing, BCP, Security, Audit frameworks & systems.
Avid Lifelong Learner
• NYU Leonard N.Stern School of Business (MSc Risk Management)
• NYU Leonard N.Stern School of Business + HKUST (MSc Global Finance)
• Manchester Business School (MBA)
LINKEDIN Profile: https://sg.linkedin.com/in/andrewkohmw

3. What is real money?
=> Has VALUE
=> Can be MONETISED
=> Be REGULATED CENTRAL BANKS

4. What’s the Impact of Bitcoin
on Banks,
Payment Operators,
Merchants
CONSUMERS

5. For Banks / Payment Operators, its
another revenue source to charge
customers and merchants to use
Bitcoins to offset their operating costs:
=> re-configure their payment gateways
to accept Bitcoins.
=> Beef up security and risk management
defenses against fraudulent activities, etc.

6. For Merchants, they need to decide if using
Bitcoins make business sense, since
=> Payment operators will charge them
transaction fees to use their gateways.
=> Banks will charge them to open e-
wallet accounts related fees and
statements.

7. For Consumers, they can go on Living
on Bitcoin 101 days, over 4 countries!

8. Key Takeaways:
1. Get ready when Bitcoin becomes
real monies!
2. Figure out which side are you on:
banks/payment operators, merchants, consumers.
That’s important!
3. Secure & risk manage your Bitcoins!