Comments on: Micropayments and probability http://bowblog.com/2003/02/25/micropayments-and-probability/ Thu, 17 May 2012 13:19:23 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Steve Bowbrick http://bowblog.com/2003/02/25/micropayments-and-probability/comment-page-1/#comment-131 Steve Bowbrick Sun, 16 Mar 2003 13:48:03 +0000 http://bowblog.com/?p=255#comment-131 I don't buy this Indy. I think the fate of stored value and smart cards is distinct from that of micropayments, especially on the net. I'll acknowledge that the exciting thing about all these new forms is their potential to create new players in payments, settlements etc. and to challenge entrenched methods, create new value for merchants, consumers, everyone... but the long view has to see the incumbents hang on to 90%+ of their current business. Visa will be as big in non-cash, stored value and micropayments as they are in conventional transactions. Ask me in ten years! I don’t buy this Indy. I think the fate of stored value and smart cards is distinct from that of micropayments, especially on the net. I’ll acknowledge that the exciting thing about all these new forms is their potential to create new players in payments, settlements etc. and to challenge entrenched methods, create new value for merchants, consumers, everyone… but the long view has to see the incumbents hang on to 90%+ of their current business. Visa will be as big in non-cash, stored value and micropayments as they are in conventional transactions. Ask me in ten years!

]]> By: Indy http://bowblog.com/2003/02/25/micropayments-and-probability/comment-page-1/#comment-130 Indy Sat, 15 Mar 2003 15:24:23 +0000 http://bowblog.com/?p=255#comment-130 <a href="http://slashdot.org/articles/03/03/15/1328203.shtml?tid=98" rel="nofollow">http://slashdot.org/articles/03/03/15/1328203.shtml?tid=98</a> shows why this is all wrong... Cashless is coming to meatspace... and cyberspace presumably after that... http://slashdot.org/articles/03/03/15/1328203.shtml?tid=98

shows why this is all wrong…
Cashless is coming to meatspace… and cyberspace presumably after that…

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