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Author Topic: Article on mainstream payments technology  (Read 617 times)
romneymoney
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June 06, 2015, 03:54:12 PM
 #1

Not even a mention of Bitcoin in the article, but I think still worth a read anyway.
The First Battle In The Mobile Payments War Is Over

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June 06, 2015, 04:21:56 PM
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nteresting article, it is only a matter of time until it becomes second nature to refer to a payment app as easily as we do now with the likes of Paypal.online.  something that is a leap forward but also quite scary is the implanting of chips inside the skin which could potentially be used to authorise payments.

http://www.cbsnews.com/news/man-becomes-human-bitcoin-wallet-with-chip-implanted/

I woul leave this tech a good few years until it is perfected before even thinking of taking part

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June 07, 2015, 06:08:13 AM
 #3

I don't think bitcoin is synonymous with mobile payments. Bitcoin is a currency (or asset value), but not an infrastructure to make mobile payments. The proper comparison would be the blockchain. The blockchain is what facilitates mobile payments in the bitcoin world. And to be fair to the leaders in mobile payments, they are still (as in it's possible) to include bitcoin in the currencies they allow to be exchanged using their service. The challenge is that google pay, paypal, etc. would have to engage in the blockchain themselves to facilitate payments. This is much harder than merely transacting in Euros, Dollars, or Yen.

Give it time, bitcoin will either exist as a larger player with the blockchain being the mobile payment infrastructure or major mobile payments providers will find a way to transact in bitcoin. The trigger for the latter is having a significant enough volume of bitcoin transactions for the companies to realize they can make money at it OR leave money on the table by ignoring it.

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June 08, 2015, 07:13:37 AM
 #4

Sure is. Isn't the android coin suppose to be for mobile payment



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June 10, 2015, 12:15:40 AM
 #5

I don't think bitcoin is synonymous with mobile payments. Bitcoin is a currency (or asset value), but not an infrastructure to make mobile payments. The proper comparison would be the blockchain. The blockchain is what facilitates mobile payments in the bitcoin world. And to be fair to the leaders in mobile payments, they are still (as in it's possible) to include bitcoin in the currencies they allow to be exchanged using their service. The challenge is that google pay, paypal, etc. would have to engage in the blockchain themselves to facilitate payments. This is much harder than merely transacting in Euros, Dollars, or Yen.

Give it time, bitcoin will either exist as a larger player with the blockchain being the mobile payment infrastructure or major mobile payments providers will find a way to transact in bitcoin. The trigger for the latter is having a significant enough volume of bitcoin transactions for the companies to realize they can make money at it OR leave money on the table by ignoring it.

Everything will run under the blockchain which implies a higher price in Bitcoin. People will be making transactions without being aware they are even using Bitcoin. Bitcoin will be the "brains" under every electronic transaction in the future. Thats why anyone not owning some now is missing the big picture.




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June 10, 2015, 12:28:08 AM
 #6

Everything will run under the blockchain which implies a higher price in Bitcoin. People will be making transactions without being aware they are even using Bitcoin. Bitcoin will be the "brains" under every electronic transaction in the future. Thats why anyone not owning some now is missing the big picture.

I agree with your first sentence. But I think you miss the important property of Bitcoin as a digital asset. So I think people will be very well aware that they use Bitcoin, because it is a safe store of value. So for normal transactions there will be "Bitcoin awareness".

Of course there will be other applications running on the blockchain without such awareness.

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June 10, 2015, 12:41:48 AM
 #7

Everything will run under the blockchain which implies a higher price in Bitcoin. People will be making transactions without being aware they are even using Bitcoin. Bitcoin will be the "brains" under every electronic transaction in the future. Thats why anyone not owning some now is missing the big picture.

I agree with your first sentence. But I think you miss the important property of Bitcoin as a digital asset. So I think people will be very well aware that they use Bitcoin, because it is a safe store of value. So for normal transactions there will be "Bitcoin awareness".

Of course there will be other applications running on the blockchain without such awareness.

ya.ya.yo!

It's hard to see what will happen. Honestly it would suck that Bitcoin gets reduced to some technological tool and the actual usage currency is done by a small niche. I hope it becomes solid currency which was its original intent.
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