Wells Fargo is Accumulating lots of Cash
Ultimately, Wells Fargo proves Warren Buffett’s idiot nephew can help you make a lot of money if you understand how he works.
Read More
Market Mad House
In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
Search Results for: NFC
Are they developing a JPMorgan Chase stablecoin?
I think AZTEC is ideal for stablecoins because it could confirm fiat currency backs a stablecoin, without revealing the stablecoin’s owner. Hence, AZTEC could keep stablecoin transactions secret.
Read More
Stablecoins as the Future of Cryptocurrency?
However, Stablecoins have a very odd characteristic. Interestingly, dollar-pegged stablecoins’ often trade for more than $1 on many cryptocurrency exchanges.
For instance, Tether’s (USDT) Coin Price was $1.01 on 4 March 2019. Meanwhile, USD Coin’s (USDC) Coin Price was $1.02 on the same day according to CoinMarketCap. Moreover, BancorX gave CarbonUSD (USD) a Coin Price of $1.02 on March 4, 2019.
Read More
Samsung unveils Galaxy S10 Blockchain-Friendly Smartphone
However, Samsung apparently designed and built the Galaxy S10 for cryptocurrency users and crypto-asset owners. For instance, the S10 features an ultrasonic fingerprint scanner and defense-grade Samsung Knox security.
Read More
Target is Accepting Google Pay
Under these circumstances, Target could make or break both Apple Pay and Google Pay. In particular, a big Apple Pay hack could send Apple and Target’s stock prices tumbling and drive Tim Cook into retirement.
Read More
What Value does Square Inc. (SQ) have?
Therefore, both companies operate massive payment platforms. For instance, Stripe’s customers include over 700,000 Lyft drivers who have a Stripe interface inside their Lyft App.
Meanwhile Square had 225,000 active invoice sellers and seven million users of the Square Cash App in 2017, Expanded Ramblings estimates. In addition, there were about two million Square Sellers in 2017.
Read More
Is Amazon Pay coming to Brick and Mortar Stores?
QR code has other advantages including the ability to work with almost any phone with a camera. Moreover, Walmart (NYSE: WMT) accepts QR code apps but not NFC. Hence, Walmart could accept Amazon Pay but not Apple Pay or Google Pay.
Additionally, Walmart offers its own QR code wallet called Walmart Pay. Markedly The Journal did not say if they will integrate Walmart Pay with Amazon Pay.
Is Trump a Populist?
For instance, a common dictionary definition of populism is “support for the concerns of ordinary people.” However, Trump’s signature legislative achievement is a $1.4 trillion tax reform package that critics attack as a “giveaway to the rich.”
In particular, the Tax Cuts and Jobs Act reduced the top individual tax rate to 37%, The Balance points out. Moreover, the act could reduce the number of affordable housing units by 200,000 by cutting tax credits, Mother Jones notes.
Additionally, the Tax Cut and Jobs Act is wildly unpopular. For instance, only 27% of Americans called the act a “good idea,” an April 16, 2018, Wall Street Journal/NBC News poll estimates.
To be fair to Trump, the Tax Cut and Jobs Act is the work of Congressional Republicans. Those Republicans have vast ideological differences from the President.
Importantly, Congressional Republicans have the power to kill Trump’s agenda unless he goes along with their pet legislation. Thus, Trump the populist has no choice but to go along with whatever Congressional Republicans want.
Read More
Target (TGT) Making Money amidst the Amazon Apocalypse
An obvious added benefit to Skip-the-Line is keeping ship-to-store customers out of register or service-counter lines.
Moreover, an associate with a tablet could reduce lines by asking customers if they want to pay via Skip-the-Line. Therefore, associates will spend all their time stocking and helping customers rather than standing behind a register.
Additionally, Skip-the-Line could make it faster, easier, and cheaper for Target to open new stores. To clarify, Target might open new stores with fewer registers and no customer service desk.
An obvious long-term goal of the Skip-the-Line is stores without cash registers. Thus, Target could open up in empty stores, buyout smaller chains, or open pop-up stores in malls and other retailers’ locations instantly.
A Target pop-up store inside a Kroger supermarket, a mall, or even a subway station for example. Obviously, Skip-the-Line will enable to open pop-ups all over the place without registers.
Another use for Skip-the-Line will be to allow delivery drivers to collect payment directly from customers. To explain, the driver will carry a Skip-the-Line device that will collect payment from the customer before delivery.
Read More
Google Pay in Scandinavia
Apple (NASDAQ: AAPL) is desperate to get people to use Apple Pay. In fact Apple employees were wandering around Chicago begging people to use the mobile wallet.
Apple salespeople were going door to door on October 7 in Chicago’s Lincoln Park in an effort to push the wallet, Bloomberg claims. The “ambassadors” were touting a $1 taco promotion at food trucks in an effort to promote Apple Pay.
Apple claims that 60% of US merchants have the equipment to accept Apple Pay. Unfortunately, most of the big names in American retail including Walmart, Kroger, and Target, refuse to accept Apple Pay.
Notably, Target (NYSE: TGT) even refuses to accept Apple Pay in its wireless Skip the Line system. To explain, Skip-the-Line is a mobile device that lets shoppers pay Target associates with credit cards or the Target app without going to a cash register. However, Apple Pay users can pay at Target through the Target app.