Quote:
Originally Posted by The Porn Nerd
Maybe, but when I see 'wallet' I see Epass, monies in motion and think Chris Mallick.  |
True but if you keep $200 or $400 in that wallet just for internet purchase?
Less risky that a credit card or debit card (VISA or MC branded) I get people paying with prepaid credit cards now -- same thing -- prepaid card.
Quote:
Originally Posted by RandyRandy
Totally agree. Here in Malaysia, National interbank transfers are the norm. Quick, cheap easy and secure with the TAC code. It's how I pay for everything.
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But only inside the Malaysian Central Bank Zone -- If the World bank linked the Central Banks ...
The main argument I have heard is that the buy (sales conversion) needs to be in real time. That a porn buy is an impulse buy. True. However, people that buy porn online buy other things (or other porn) online too. Having a wallet is convenient and more secure.
The wallet acts as the middleman and arbitrator of any dispute between the buyers and sellers. The transaction discount could be 5% on the sale (or even less maybe). Both buyers and Sellers have recourse and remedy at the transaction source -- this is what PayPal does basically -- how they got started -- so it is not a never conceived idea.
You would need a MTA (*Money Transfer Agent license) to do this on a scale . Not that big of an obstacle. Main obstacle is the banking system and they are in adapt or die mode now. This is the new disruptive influence and the banks know it.
There are end runs around the banks but the isolation of the National Central Banks is the main impediment to global commerce
Blueprint of the destruction of Visa-Net Online
