Bitcoin 2 - Mobile Payments
My 'adventure' into Bitcoin has revealed a whole new world of virtual crypto currency. If you look around you also realise that mobile money itself is quite controversial. From a technology perspective this should be pretty simple. You have a smartphone with an app and then, instead of taking a wallet, you just have an app that just transfers money when you want to buy something. Easy! The first hurdle is that too often not every smartphone platform has an 'app'. Your bank app is usually there for an iPhone and current Android versions. My Windowsphone is often not covered. Secondly no one has a payment system that works everywhere. In the UK there is Barclays Pingit, Paym, Paypal mobile payments and more.... Even baker Greggs has a payment card that requires pre-loading money. It has absolutely no advantage over using cash. In the US there is Google Wallet, Isis and more. The big barriers are not technology it is rather the perceived potential market. Internet compani