August 05, 2010

Techonomy - The Future of Currency

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The Future of Currency
Discussion leaders:
Hill Ferguson, ZONG
Scott Guilfoyle, PayPal
Christopher Kay, Citi
Bill Sheedy, Visa
Moderator: Mark Anderson, Strategic News Service

Currency - instrument of trust in a transaction
Currency at wikipedia. and Foreign exchange markets

Zong is a mobile payments business.

Zong's largest customer is Facebook with facebook credits.

The model is for Zong to allow a one click charge to your phone bill or to a credit card.

Paypal is focused on the virtual wallets and bring together all of their financial capabilities (bank accounts, credit cards, financial accounts etc...).

Ebay is now half of the business that Paypal does. Paypal is 10 years old.

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