From The Guardian
"Want to resist purchases you'll regret? Use cash. The problem with 'frictionless' firms like Clinkle is that friction can be good
Silicon Valley is getting all excited again, in its Silicon Valleyish way, about the future of how we pay for things. The specific cause of excitement, this week, is the news that Richard Branson has made an investment in Clinkle, a mysterious startup that promises to revolutionise payments in some unspecified way, possibly by letting people send money from smartphone to smartphone using sound. (The company just put out a really strange advertisement that fails to clear things up.)
But predictions about the coming End of Cash have been around for years, growing louder since the arrival of contactless payment, of Square, and of Bitcoin. The other day, research from Tufts University gave the cause a new boost: cash, it revealed, costs US consumers, businesses and governments more than $200bn annually in everything from ATM fees and theft to lost tax revenue. Oh, and it helps spread disease. Could it be time, wondered Tim Fernholz at Quartz, to give up on cash entirely?
It's an intriguing question. But it has a simple answer: no!"
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Showing posts with label Square. Show all posts
Showing posts with label Square. Show all posts
Tuesday 1 October 2013
The cashless society is coming. More reason than ever to use cash
Friday 10 May 2013
Awareness Still a Problem with Mobile Wallet, Says Square’s Dorsey
Square CEO Jack Dorsey, speaking about Square’s ongoing partnership with Starbucks described consumer awareness as a hurdle for mobile payments. Starbucks does little traditional marketing which means retail’s biggest mobile payments evangelist isn't spreading the word as much as it could.
Thursday 4 April 2013
What we are reading … 4th April 2013
B of A's Merrill Sued for $309 Million by Trust Over Mortgages http://dld.bz/cu6XP
Square mobile payments losing steam at Starbucks http://shar.es/droHm
Meet 17-year-old who sold startup to Yahoo http://dld.bz/cu6Xn
The Future of Retail: How Mobile Payments Are Changing the Retail Experience http://dld.bz/cu6Xd
Madoff victims get back another $500 million http://cnnmon.ie/10sXkJx
Square mobile payments losing steam at Starbucks http://shar.es/droHm
Meet 17-year-old who sold startup to Yahoo http://dld.bz/cu6Xn
The Future of Retail: How Mobile Payments Are Changing the Retail Experience http://dld.bz/cu6Xd
Madoff victims get back another $500 million http://cnnmon.ie/10sXkJx
Fear, despair as bailed out Cyprus faces uncertain future http://dld.bz/cu6WX
Towns See Banks Cut Back Branches http://online.wsj.com/article/SB10001424127887323699704578326894146325274.html
Labels:
bank branch,
banking,
banks,
Cyprus,
EU,
euro crisis,
fraud,
Madoff,
mobile payments,
mobile wallet,
mortgage,
retail payments,
Square,
Yahoo
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