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May 24, 2014

Mobile Commerce Insider Week in Review

A combination of some of the work that mobile app developers are doing along with improved technology is making it easier for consumers to pay for their items with a one-click process. Gartner believes that mobile payments are set for a new wave of growth. That wave appears to include more usage of QR codes. One company that is going this route is called LevelUp.

You will see on a TV sitcom that two people sitting next to each other are sending text messages or tweets between without looking at or speaking with each other. While this is meant as comedy, the actual fact of the matter is that we keep taking a step closer in that direction every day. Is it really easier to type your message than simply say, “Hi”?

Magic Oven is an organic pizza restaurant that is taking a step in that direction. Apparently there is a new app that will take the conversational part of dealing with your waiter and transfer it to your smartphone. In between texting your date, you can order your dinner and pay for it without ever having to say one word!

If you had the choice, which would you choose, going to a bank to make a deposit or simply take a picture of both sides and use an electronic deposit system? Unless you are one of those people who like to wait on lines, I can probably guess your answer.

Not every bank was on board with conducting business in this manner. However, a recent survey shows that banks are becoming more flexible and willing to take the type of risks that are involved with electronic bank and mobile commerce in general. Go figure, banks making your life easier.

Silk Road used the Tor network to keep purchases in the marketplace as untraceable as possible. After closing down the marketplace, U.S. prosecutors estimated that Silk Road accounted for over one million users who purchased items such as marijuana, fake passports and drugs. Silk Road only accepted Bitcoin as currency.

It would seem that there is still a residual effect from the marketplace. Bitcoin exchanges are being carefully scrutinized to see if there are any possible connections to Silk Road. While some companies are trying to establish Bitcoin as a source of legal tender, it is circumstances such as this that make it a focal point and not in a good way.

Regardless of these types of setbacks, there are still companies that believe strongly in Bitcoin. Circle is one of them. It is a startup company that is already raising funds to launch a new Bitcoin bank, a place where you can deposit your greenbacks and see them transformed into Bitcoin.

These are just a few of the stories that we worked on this week. The best way to stay current is to keep checking in with us. You can stay current by checking out the details to these stories and many more by going to Mobile Commerce Insider and keeping an eye what is going on in the mobile world of commerce.







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