Frictionless - and Almost Free - Payments?
In an article titled "The Future of Money: It’s Flexible, Frictionless and (Almost) Free", Daniel Roth writes for Wired.com about the world of electronic payments...
Moving money, once a function managed only by the biggest companies in the world, is now a feature available to any code jockey. Ivey is just one of hundreds of engineers and entrepreneurs who are attacking the payment ecosystem, seeking out ways small and large to tear down the stronghold the banks and credit card companies have built."
Wired is focused on Twitpay, which is a great idea. But we have to remember why Tipjoy (payment via twitter) closed last year : the challenge is not technical, it's business model.
http://insiden.blogspot.com/2009/08/tipjoy-is-shutting-down.html
Posted by: denis | February 24, 2010 at 01:52 AM