Phone Companies Should Consider Bitcoin for the "Unbanked"
First, a little background. The Google Play and the Apple App stores were launched a few months apart from each other in the second half of 2008. Since they were first to market, Apple had the opportunity to define how things should work. Rather than try to work out a deal with AT&T (their only mobile provider via an exclusive contract which involved subscription kickbacks until 2011), Apple decided to go straight to the source. Customers who wanted to install additional apps were required to create an Apple account linked to their credit card, even if they had not previously been iTunes....
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In a guest post on Virgin Entrepreneur Dominic Frisby - the author of "Bitcoin: the Future of Money?" - argues that Bitcoin will do to banking what the cell phone did to telecom. Cell phones are technically more advanced and much more flexible than landline phones, and today they offer a lot of new and useful options, but the main reason for the explosive growth of the cell phone market worldwide is financial inclusion. "Quite simply, many people couldn't get access to the basic financial services needed to get a landline. Landlines were, except for pay-phones, credit-based. You needed a....
Vivere apps are preinstalled on the HTC Desire 22 Pro to help you traverse the metaverse and manage your cryptocurrency and NFTs. HTC To Launch Metaverse Phone With its own metaverse phone, known as the Desire 22 Pro (Viveverse phone), HTC is prepared to enter the Web3 world. The phone will go on sale on […]
On Monday morning at the Money 20/20 conference, Bobby Lee, CEO of BTCC announced the launch of Mobi, the company’s new, user-friendly wallet, which enables users to send bitcoin and 50 other types of money to anyone by typing in a recipient’s phone number. BTCC’s Mobi Wallet: Phone Number-Based Bitcoin Transactions. Through leveraging phone numbers as an end-customer identifier, Mobi will provide a mobile-money tool for the unbanked or underbanked to use digital currency, serving customers worldwide so long as they have access to a mobile phone. “Gone are the days of QR codes, and long....
There’s a groundswell currently brewing in favor of Uber and Lyft, two ride-sharing companies that are shaking up the taxi industry. Hailing a cab is now as easy as opening an app on your phone, complete with nice cars and competent drivers. Payments are even seamless, as both companies never allow the trade of currency in person. It’s all done from the phone, directly through the app, no tip required. In fact, it’s so seamless that one would think either company would integrate crypto-currency into their platform. Neither company, Lyft or Uber, has made a move toward cryptocurrency yet,....
Bitcoin has been around for about8 years now. Introduced in the year 2008 by Satoshi Nakamoto, Bitcoin is a decentralized peer-to-peer digital currency that can be transferred from one person to another without involving any banks or financial institutions. In order to transact with bitcoins all you need is a basic phone. This has made Bitcoin an attractive option for providing mobile banking services to the unbanked in developing and third-world countries where the number of unbanked adults exceeds 2.5 billion. Even though Bitcoin has numerous advantages over conventional fiat currencies....