Re:OneBit – Mastercard PayPass Integrated Bitcoin Wallet
by litaph91 on Tuesday April 07, 2015 @01:30PM
(#9335638)
I will admit that while scanning through the content on the site again, I missed an important piece of wording that initially formulated half of my opinion here.
It is important to note that it does say World-wide. If they are poised to launch in other countries besides the US then I retract my statement about it being a waste.
However, I've seen much of this financial tech go straight to US for launch. If its NFC it's dead. Going that route, they may be out of business before they can even launch it elsewhere.
Re:OneBit – Mastercard PayPass Integrated Bitcoin Wallet
by quelhas on Wednesday April 08, 2015 @06:29AM
(#9339779)
Wasn't there recently some kind of legislation in the US that encouraged the adoption of NFC-based terminals, which was one of the main drivers behind the release of Apple Pay in the first place? I remember reading about it somewhere in the middle of a Google Wallet vs Apple Pay flamewar.
Re:OneBit – Mastercard PayPass Integrated Bitcoin Wallet
by alexland on Tuesday April 07, 2015 @02:56PM
(#9336238)
I agree that launching in the US is a bad idea for the reasons you mention, and I'm hopeful that more companies try starting outside of the US. The potential is huge, and there is a sizeable market for this kind of thing that is unfortunately overlooked by most.
So sure, it'll be stillborn in the US. But I don't give a crap about the US, you guys get enough of the cool stuff. This is a sweet deal for every other country with the infrastructure in place. This is a great idea for those countries, and definitely not a waste of effort in my eyes.