Why digital wallets are leaving banks for dust
Digital Wallets have seen meteoric growth in the last five years, but you ain’t seen nothing yet as our article here reveals.
When the Economist Magazine famously said that data is the new oil, it made a mistake. It should have said, “data is the new money.” Because data is literally money. Consider the definition of money:
- It’s a medium of exchange,
- a store of value,
- and a unit of account.
It must be:
- Fungible.
- Divisible.
- Acceptable.
- Limited in supply.
- Durable.
- Portable.
- And…
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