In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
It looks as if Apple Pay is a niche solution that may never get widespread acceptance. Instead of a massive payment platform like Visa (NYSE: V), Apple Pay may end up as a niche player in payments similar to Discover (NYSE: DFS).
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It is possible to survive without a checking account; and even live a fairly normal middle class life in modern day America. There are actually a wide variety of excellent alternatives to checking out there.
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Interestingly enough the biggest threats to PayPal among these solutions; will be Chase Pay and Walmart Pay. Apple Pay is not a direct threat to PayPal, because it is a niche product that major retailers are refusing to use. That might change this fall; if reports Apple is planning to offer online payment via Apple Pay for the holiday season are true.
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There is an interesting black; or rather grey, swan threat to Chase’s future in the form of Glass-Steagall. Glass-Steagall was the Depression era law that forcibly separated investment and consumer banks for 60 years. Its repeal was one the hallmarks of Bill Clinton’s 1990s financial reforms.
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MasterPass looks like a serious contender in the payment wars that has a few advantages over Apple Pay. A big one is the existing MasterCard payment network. One critical step the company has done is to get the big monster banks including BOA and Citi (NYSE: C) onboard. Notably missing is Chase which is pushing its own Chase Pay solution.
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Apple Pay might have a major new competitor with some intriguing capabilities. A British startup called Plutus has unveiled plans for Plutus Tap & Pay, a payment app that allows a customer to instantly pay with Bitcoin or another cryptocurrency called Ethereum.
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t looks as if Current C is probably dead, but at least two major new payment apps are rising from its ashes. Both Walmart Pay and Chase Pay have the potential to be far larger than Apple Pay, which is bad news for Apple Inc. (NASDAQ: AAPL). Those brands and not Apple Pay could be the future of payment.
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The Thunder Network is an open-sourced payment processing platform that could be capable of processing up to 100,000 financial transactions per second if fully implemented. The network is potentially revolutionary because all those transactions will be fully encrypted and authenticated.
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Therefore; both Visa and MasterCard are good widows and orphans stocks to hold in your portfolio on a long-term basis; because of the low risk, steady dividend and high-growth potential. Visa stockholders received a 23.59% return on equity, and MasterCard owners were rewarded with a 61.47% return on equity in May 2016.
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Apple has become the New York Yankees of tech. No matter how well it does today, all people seem to care about is the past glory. That presents value investors with a great opportunity; because Apple is still a tremendous company and a good investment that is underappreciated. Apple is now one of the best value investments around.
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