In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
Such a crisis would be catastrophic because Alipay and WeChat Pay reportedly processed $16 trillion worth of payments last year.
To make matters worse, WeChat Pay alone had 600 million users in August 2017, Statista calculated. Furthermore, Alipay had 400 million users. Therefore one billion people might be affected by a collapse of those organizations.
“We could hold Google and Facebook and all those big multinationals accountable; we could make sure that people; like those who are currently ‘voluntarily’ contributing their data to pump up companies’ profits are given something that is adequate to support their livelihoods in exchange,” Fuller said.
Fuller’s idea makes a lot of sense because most of those companies’ values come from the data they collect and disseminate. Figuring out how to charge a tax on that data will be difficult because much of its value is theoretical.
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Beyond enabling Chinese business the Oxford deal gives Ant; and Tencent, a beachhead to enter the Canadian market. Once ensconced at the centers the two companies will start marketing their payment options to Canadians.
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Old-fashioned predatory lending might be one of the biggest threats to cutting-edge digital payment platforms. Ant Financial learned that lesson
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The potential challenges Wells Fargo faces are vast. The greatest of these is falling revenues, which probably reflects the growing implosion of the mortgage market.
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Yelp then would be a great investment for Ant Financial; or Walmart, but a lousy investment for you because it is overpriced and makes little money. Although working with Yelp proves claims that Ant Financial is the world’s most value unicorn (pre-IPO company) and justifies the $70 million valuations for it. Smart investors should forget about Yelp and wait for Ant’s initial public offering (IPO) because Ant will be a value investment.
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It looks as if both the future of Apple Pay; and American-Chinese relations, are becoming far more complicated. One wonders if U.S. nationalists; like President Donald J. Trump (R-New York), will retaliate against Ant Financial’s Alipay digital wallet which is now widely available in the United States.
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Chase Pay will be integrated with both PayPal’s digital wallet and the Braintree merchant platform, TechCrunch reported. That means Chase Pay users might be able to use the app to pay at merchants will Braintree accounts.
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“If we assume that Waymo can grow to 1% of global miles driven by 2030 (based on a fleet of three million cars each driving 65,000 miles a year) and that Waymo can generate on average ~$1.25 in revenue per mile driven, it implies a $70 billion Waymo enterprise value,” Nowak wrote. “More miles/year and revenue/mile could lead to an enterprise value of $140 billion.”
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Tim Cook’s worst nightmare then would be Walmart accepting Alipay but saying no to Apple Pay.
That would be a real coup for Ant because Walmart operates 4,672 stores in the United States; including 3,522 supercenters and 660 Sam’s Clubs. It might also force Apple and Alphabet to add QR code to their mobile wallets.
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