15th January 2025 Digital Bytes

The pros and cons of AI-powered bots in payments and transactions - AI-powered bots are reshaping financial systems by improving transaction speed, security and efficiency. Whilst automation drives innovations such as programmable payments (as demonstrated by Siemens with JPM Coin), it also highlights concerns around accountability, data privacy and cybersecurity. Bots automate decisions, reduce errors and lower costs, but they also introduce risks such as bias, fraud and job displacement. As digital currencies like stablecoins become more prevalent, the integration of AI in finance is revolutionising payments, however, businesses and regulators need to address these emerging challenges to balance efficiency with security and fairness.

Meme coins: from joke to serious business - cryptocurrency has long been associated with technological innovation and the promise of a decentralised financial future. Yet, amidst the serious blockchain projects aiming to revolutionise industries, a pecul…