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Spindle, Inc. Message Board

  • opportunist_2 opportunist_2 Apr 23, 2014 7:53 PM Flag

    El-Erian: This is better than bitcoin

    "Likewise, so-called digital wallets and mobile transfers are efforts to improve payments and settlement in a retail financial sector that gets a lot less attention than its institutional peers.

    The prospects for each of these democratizing developments vary significantly, as do the probable cost-benefit equations. Much will depend on whether the underlying technology is stable and secure, trust is established, transparency is convincing, consumer protection is effective, new content is coupled well with strong distribution channels, and broad-based validation and institutional verification boost credibility"
    Project Syndicate, 2014

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