Will Digital Wallets Trigger a Financial Crisis?

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.

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Is Citigroup Making Money?

The good news for investors is that Citi is very good at credit cards and customer service. The company will refund some money to 1.75 million customers that did not receive a planned interest rate reduction.

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You can Send Money through PayPal with Gmail

These numbers demonstrate that Alphabet and PayPal are tremendous value investments. The two companies are quietly up vast platforms. Alphabet controls the largest media platform in human history, and PayPal has direct access to it.
The Alphabet/PayPal alliance will generate vast amounts of revenue. Investors and entrepreneurs should take advantage of it now.

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PayPal use growing faster than Apple and Google Pay, Microsoft Plans Automated Store

Mobile payment apps are still a tough sell to America’s consumers and merchants, Kount’s data indicates. The company that can change that paradigm will make a fortune.

That means more two thirds of American retailers or 71% still refuse to accept mobile wallets. Once again it sounds as if Apple (NASDAQ: AAPL) is losing the payment wars, and Alphabet (NASDAQ: GOOG) is not doing very well.

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Shell Accepts Chase Pay at Gas Pumps

The Drive did not say whether Shell will start accepting other popular QR Code based solutions like Alipay and Walmart Pay at its stations. Chase needs to justify the $100 million it invested in mobile-wallet technology, the Drive reported. Unfortunately the Drive did not say what Shell stations will accept Chase Pay.

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How to break up the Big Banks

Simply breaking up too big to big fail institutions which reforming the system will be a pointless endeavor. The only real way to prevent future meltdowns is to fundamentally reform and modernize the infrastructure of finance. Government must take the lead in such modernization.

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Is MoneyGram Making Money?

Ripple might help MoneyGram make money because people would be able to send XRP payments to its stores.
The customers would be able to pick up the payment in cash or get it converted into fiat currency and downloaded into a debit card at MoneyGram. Another popular use for Ripple would be to convert it into fiat currencies to pay utility, tax or other bills from MoneyGram.

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Is Square Making Money?

Square has the ability to dramatically increase the amount of cash flowing through the till but a hard time maintaining that cash from operations. The danger here is that cash flow is not steady, which makes it hard to generate flow, or keep the money

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Should we Tax Data or Advertising to Fund Basic Income?

“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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Visa and the Value in Payments

Nor are mobile wallets such as PayPal, Apple Pay, Walmart Pay, Android Pay, Samsung Pay, and Alipay, automatically a threat to Visa’s business.

Only 16% of Americans said they had used a mobile wallet in 2015, a JPMorgan Chase survey indicates. The same survey found that only 56% of large businesses and 25% of small businesses were accepting payments from such mobile wallets.

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