How will wallet providers monetize?

[Verse]

As far as I can tell, unless they offer currency exchange features or display advertisements, they don't. It seems like most of these wallet services are just burning through venture capital to stay afloat/compete for market share. How do wallet services plan to monetize?

[1715128303]

1715128303

[1715128303]

1715128303

[Madness]

As far as I can tell, unless they offer currency exchange features or display advertisements, they don't. It seems like most of these wallet services are just burning through venture capital to stay afloat/compete for market share. How do wallet services plan to monetize?

I'am pretty sure they get some money as donations. most of them put their BTC Adress on the wallet for donations

[Elwar]

blockchain.info charges for coin mixing services, they might charge for other things I'm not sure.

[LewiesMan]

blockchain.info charges for coin mixing services, they might charge for other things I'm not sure.

blockchain.info mixes coins? Never knew.

[Muhammed Zakir]

blockchain.info charges for coin mixing services, they might charge for other things I'm not sure.

blockchain.info mixes coins? Never knew.

I think he meant Sharedcoin - https://sharedcoin.com/ . You might want to look this too : http://www.coindesk.com/blockchains-sharedcoin-users-can-identified-says-security-expert/ and http://www.reddit.com/r/Bitcoin/comments/27rsv8/confirmed_blockchaininfo_shared_coin_is_broken/

P.S. I haven't seen/heard any other fees, so I think they don't charge fees other than for mixing.

   ~~MZ~~

[LewiesMan]

blockchain.info charges for coin mixing services, they might charge for other things I'm not sure.

blockchain.info mixes coins? Never knew.

I think he meant Sharedcoin - https://sharedcoin.com/ . You might want to look this too : http://www.coindesk.com/blockchains-sharedcoin-users-can-identified-says-security-expert/ and http://www.reddit.com/r/Bitcoin/comments/27rsv8/confirmed_blockchaininfo_shared_coin_is_broken/

P.S. I haven't seen/heard any other fees, so I think they don't charge fees other than for mixing.

   ~~MZ~~

Thanks for the links.

Also blockchain.info sells ads!

[yayayo]

In future wallet providers might introduce small service fees for transactions.

They might also offer additional services against pay.

But this will not happen in the near future to any notable extent, because there's too much competition in the marketplace. Currently every wallet provider tries to get as many users as possible, postponing profitability considerations.

ya.ya.yo!

[Muhammed Zakir]

Also blockchain.info sells ads!

Forgot about that! Thanks for telling!

In future wallet providers might introduce small service fees for transactions.

They might also offer additional services against pay.

But this will not happen in the near future to any notable extent, because there's too much competition in the marketplace. Currently every wallet provider tries to get as many users as possible, postponing profitability considerations.

ya.ya.yo!

Coinbase charges 0.0002BTC/tx , so they charge 0.1mBTC as fee per tx per address but a lot of people use it.

  ~~MZ~~

[yayayo]

Also blockchain.info sells ads!

Forgot about that! Thanks for telling!

In future wallet providers might introduce small service fees for transactions.

They might also offer additional services against pay.

But this will not happen in the near future to any notable extent, because there's too much competition in the marketplace. Currently every wallet provider tries to get as many users as possible, postponing profitability considerations.

ya.ya.yo!

Coinbase charges 0.0002BTC/tx , so they charge 0.1mBTC as fee per tx per address but a lot of people use it.

  ~~MZ~~

Ok, then I was wrong and it's already happening.

As long as the fee is small, it doesn't seem to bother people...

ya.ya.yo!