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Author Topic: How will the future of wallets work?  (Read 372 times)
Ucy
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May 26, 2018, 08:09:22 PM
 #21

Serious question: In a world where coins are digital and paper money is a mere novelty, how will exchanges or transactions work? It would have to be faster than a handshake, and yet secure. Would they only be on apps in your phone? Could you hide them in a pendant or perhaps a watch? Thoughts?

They will be automatic, at least in shops. You will not need to do much, since with facial recognition they'll know in shop who you are, what's your (public) wallet and everything you want to share. All you will need to do is to check the amount and approve the transaction with your unique seal/key. The amount will be subtracted and if it's not enough in the wallet of that currency, automated exchange from your other (public) wallets will be made to cover the amount.

In the privacy of your home you may still need some sort of computer for the more specific actions. That will be computer, home entertainment and who knows what else, there's plenty of room for innovation.

Just .. why paper money in all this story? That'll be only at the museum, you know?



"That'll be only at the museum, you know?"



and what happens to us if the cyberspace becomes toxic and a place of oppression? How does one escape such World to survive in the real world?
I have feeling that some kind of physical money will exist but  probably will be made illegal by "governments" but pople will  use it anyway
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Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
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goaldigger
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May 28, 2018, 11:25:23 AM
 #22

The progress of our technology today succeded for making a transaction with just as fast as a handshake. The only problem is that, how about its security. We are more particular to making it fast rather than make it secure. We should make some improvements with that soon. I know that genius hackers are so hard to get rid but with some more genius who can outrun them.

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TheGameBall
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June 08, 2018, 05:22:19 AM
 #23

 A lot of companies such as Apple and Samsung are creating their own payment method in their own mobile devices they created Apple Pay, and Samsung Pay respectively.
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