HI Everyone,
I got to interview Tyler Roye the CEO of eGifter.com.
It was really informative as he has strong views of how the credit card companies and banks are screwing over everyone from the retailers to the consumer.
He spoke to me about how Bitcoin and crypto currencies is going to change how those institutions do business.
I wanted to share because he is such a advocate for Bitcoin and crypto currencies. He supports the community and thinks so much of it and it's ability to innovate and come together.
Thanks for checking it out.
http://www.cryptocoinsnews.com/news/interview-egifters-tyler-roye/2014/05/012.5% of everything that gets transacted goes to banks and card processors. They do not feel enough competitive pressure to lower the price or add features. I have a feature I would like to see them add. Taking on the fraud from card not present retailers. Why is that my problem? Why can’t they give me a technology to do that? The answer is they are not motivated to do this by competitive price pressures.
I want them to define new technologies that are going to create a system that would promote less fraud. They are fat and happy and do not want to. They are going to have to respond to the emerging crypto currencies and they are going to respond by: 1st lower prices but they can only lower them so far before they say 2nd they are going to add some features, better add some benefit We are entering a time when hackers are going to focus on only digital transactions. Great I sell stored value, I sell digitally stored value. I just became even more of a target for hackers. I am ok with that as it is part of our IP stack, and it forces us to build a better mouse trap. That is one of our competitive differentiators. I would give my business to someone who could stop all that.
