Andrew Koh6 September 2015

FUTURE THINK:

WHAT IF BITCOIN BECOMES Real Monies?

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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

What is real money?=> Has VALUE

=> Can be MONETISED

=> Be REGULATED CENTRAL BANKS

What’s the Impact of Bitcoin on Banks, Payment Operators,

Merchants

CONSUMERS

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.

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.

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

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!