Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Jurgis Bekepuris who wrote (40687)	12/17/2010 9:45:32 PM
From: Mr.Gogo	Respond to of 78667

Jurgis, absolutely agree with you. I think it will be a nice addition to the whole variety of payment methods and will happen over a long period of time. And it will not affect Mastercard and Visa. Even Buffett failed in starting a credit card company. Good investing, Georgi

To: Jurgis Bekepuris who wrote (40687)	12/18/2010 1:53:46 AM
From: Spekulatius	Respond to of 78667

re smartphone payment system - I consider the current credit card/ debit card system antiquated and I think we will see a massive change in the next five years. The catalyst will be adoption of the smartphones. They have build in just about everything needed to make a design a save transaction process - a powerful computer, sensors (camera, microphone), they are instantly connected and most importantly - the younger generation (ha, I am not one of them) lives with these things. But I agree there are infrastructure hurdles and many participants (merchants etc.) are not tech savy. So somebody has to come up with an indigenous solution to generate a large enough user base. I believe that this might well involve, V&M (they have a network, customer relationships etc. in place) but those may not want to endanger their existing business. Somebody like GOOG or Paypal (works already on PC's) could well be involved or a large bank , or the major wireless providers (again they have infrastructure but are not particular tech savy). Who know? But I think it will be done because it makes sense. Having a bunch of plastic around with simple magnetic coding based on 70's technology does not make sense, if you have a powerful computer in your pocket that can transmit 10 MBIT/sec of data (4G speed).