"El Salvador’s experiment, though mired with fiscal and political issues from before, has shown that the adoption of public blockchain assets like Bitcoin are not taken in good regard by legacy financial multilateral institutions and are seen with great skepticism and concern. Although the adoptio ... n of Chivo has been impressive as a platform, bitcoin payments even for remittances are still not the majority. The separation of state and money, if it happens, will be an uphill and contradictory battle, especially if El Salvador’s government fails to properly manage the experiment. Central America is interestingly home to a wide array of financial systems as of the writing of this paper. Four of its countries have their own currency and Central Banks: Costa Rica, Nicaragua, Guatemala and Honduras. El Salvador has a Central Bank of Reserve which does not issue money but does manage the country’s reserves, serves as lender of last resort, and now has anointed Bitcoin as legal tender alongside the dollar. Panama does not have a central bank at all, uses the USD as subsidiary legal tender with substantial monetary freedom and is considering cryptoassets in general as means of payment and not legal tender. El Salvador’s results in the next 5-10 years and possible steps by other countries in the region will determine whether non-state-issued crypto assets could viably become functional legal tender in countries and whether relatively poor and small countries can lead the way in financial and regulatory innovation or if they will have to remain followers of the rest of the developed world." (Conclusion) more

"The first adopters of mobile money were economies in sub-Saharan Africa, and over time adoption rates have increased rapidly particularly in Asia and Latin America. As of 2020, there were 1.2 billion mobile money accounts globally, with US$ 767 billion in transactions during the year. Sub-Saharan A ... frica accounts for 45.2 percent of all registered mobile money accounts, while South Asia and East Asia and the Pacific account for 25.2 percent and 20 percent of registered accounts respectively. A wide range of transactions are executed on mobile money networks, including person-to-person transfers (which account for the largest share), as well as merchant payments, mobile-bank payments, international remittances, bill payments, government transfers and payments, business-to-business payments and airtime purchases. The overall trend shows mobile money continuing to scale rapidly in a number of countries globally, although a number of implementations have been unsuccessful. This report details the key lessons from the mobile money experience in Africa that can contribute to the effective design, regulation and operation of central bank-issued digital currencies (CBDCs), based on the wealth of theoretical and empirical evidence on the social, economic and cultural impact of mobile money. The lessons are categorized into regulatory, technology, economic and socio-cultural." (Executive summary) more

"Hamelink followed 'The Corporate Village' with a further exploration of the role of transnational corporations in international communication in 'Finance and Information'. In this he concentrates on an analysis of the relationship of contemporary information systems to the financial center and to t ... he worldwide process of transnationalization." (Eleanor Blum, Frances G. Wilhoit: Mass media bibliography. 3rd ed. Urbana: University of Illinois Press, 1990 Nr. 173) more