If this “web cash” system — as JPMorgan Chase calls it — seems familiar, it should. It smacks of the peer-to-peer transactions of bitcoins and other cryptocurrencies that increasingly are making the world’s biggest banks uneasy about the future of e-commerce.
The punditry on the bitcoin’s potential is as varied as the leading cryptocurrency’s swinging value, from one opinion decrying it as a dollar destroyer to the next predicting its potential at $1 million each — while others see it as having a valid but uncertain role in the next phase of e-commerce.
Statistics this year will put tablets close to even with smartphones in terms of U.S. retail sales made over mobile devices. That means tablets should account for 50 percent of these transactions.
As different as gold and the “cryptocurrency” leader bitcoin are to each other, their price paths nearly met Friday, and many digital headlines made a point to catch the near collision, even if one has nothing to do with the other — for now.
The number of mobile subscriptions worldwide grew about 7 percent year-on-year by the end of the third quarter of 2013. But the number of mobile broadband subscriptions grew even faster over the same period – at a rate of 40 percent year-on-year, exceeding 2 billion in 2013.
Bitcoin’s compelling and rollercoaster existence actually “embodies an elegant and disruptive technology,” using file-sharing, the peer-to-peer system that gave birth to early music services like Napster, Kazaa and LimeWire.
Add debit cards to Google’s ever-expanding stash of offerings. The Internet giant Wednesday launched an actual non-virtual (real) prepaid card.
Bitcoin’s value has soared in recent days to the $600 level. Welcome to the murky world of virtual money, which is now assuming a veneer of legitimacy with Congressional hearings on the dangers of its online existence.
The Federal Aviation Administration said Thursday it is allowing passengers to use electronic devices on airplanes throughout the entire flight. However, you’ll have to waint until your airline has shown the FAA that its airplanes can safely handle radio interference from portable electronics.
More by accident than design, smartphones have turned out to be much tougher to infect than laptops and desktop PCs. At least, that is the case at present.