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> By 2033, no Mastercard credit and debit cards will have magnetic stripes I wouldn't be surprised if, by 2033, people will be identified using biometrics ever
by dane-pgp 5y ago
> By 2033, no Mastercard credit and debit cards will have magnetic stripes
I wouldn't be surprised if, by 2033, people will be identified using biometrics everywhere, so you can pay with your hand print or face scan.
- judge2020 5y agoMaybe FedNow could take over the mobile payment industry depending on how truly instant it is, and become similar the role WePay takes in China. https://www.frbservices.org/financial-services/fednow/about.html https://www.frbservices.org/financial-services/fednow/about....
- whimsicalism 5y agoWePay and Alipay have their dual in CashApp and Venmo. The only difference being that Alipay has a lot more institutional support, ie. you can scan your QR code at the grocery store - not the case with Venmo (yet).
- asdff 5y agoVenmo offers debit and you can add the card to your wallet
- lotsofpulp 5y agoI do not understand the purpose of Venmo. It seems like an unnecessary middleman.
- whimsicalism 5y agoHow do I easily pay a friend? Are you just going to say Zelle?
- lotsofpulp 5y agoYes. Are there any advantages of Venmo over Zelle?
- whimsicalism 5y agoZelle took a long time to be developed, so it has essentially no network effects - most people don't have Zelle. Zelle can only be used by people who have banks that support Zelle, which many people do not (my bank for instance does not support Zelle, nor does my SO's - so we have no way of using Zelle to transfer money between each other.) Zelle doesn't allow you to use credit card AFAIK. Zelle doesn't have QR code AFAIK.
- lotsofpulp 5y agoInteresting. I would expect most people in the US to have Zelle due to the market share of the big banks, and the extensive list of Zelle participants: https://www.zellepay.com/get-started https://www.zellepay.com/get-started As far as I know, you do not have to do anything other than let your bank know the phone number/email to associate with the account you want to send/receive money to.
- whimsicalism 5y ago> As far as I know, you do not have to do anything other than let your bank know the phone number/email to associate with the account you want to send/receive money to. Yes, if your bank supports Zelle (which as I said, mine doesn't). You can look at the numbers around this - way more people know about and use venmo than zelle.