Some food for thought,
In today's AFR, there is an article about the intended abolishment's of the use of cheques as a payment mechanism by 2030 (7yrs time).
For those that have access to the AFR the article is titled - Clunky; Chalmers calls time on cheques.
What will the payment landscape look like in Australia within the next 10 years and what role will Wrkr play?
Australia (lead by the Federal Government), is embracing the future of modernising digital payments;
- digital wallets
- central bank digital currencies
- cryptocurrencies (including stable coins)
- Trust ID framework
Following are some links to articles/papers you may find of interest;
- Treasury - Payments System Review: https://treasury.gov.au/sites/default/files/2021-08/p2021-198587.pdf
- Auspaynet's - Future State of Payments Action Plan; https://www.auspaynet.com.au/sites/default/files/2021-12/APN%20Future%20State%20of%20payments%20Dec21%20V2.pdf
- CBA - advising customers they are not providing chequing facilities for specific accounts; https://www.commbank.com.au/business/latest/changes-to-cheques.html
- Australian Payments Council - Trust ID Framework; https://www.auspaynet.com.au/sites/default/files/2020-08/Consultation%20Paper%20TrustID%20Governance%20Framework_0.pdf
It would seem to me, Wrkr is well ahead of the "pack" embracing and very possibly trail blazing the move towards a digital payment and ID ecosystem in-line with the Federal Government's intended future digital payments landscape.
Ian
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