PayPal makes a move to change the way we pay
Pretty cool isn’t it? Imagine that this could very well be our future – the result of the next wave of internet revolution. The innovations with regards to the web has been staggering in the last decade. I believe you’ll agree that the internet has changed everything in the last decade.
Digital payments are the future – that’s for sure. I, for one, shop and pay for my things online, pay bills online, transfer money to friends online. And that makes up a huge part of my payment habits – just like many others out there today.
The examples cited in the video are very interesting but the reality is, it would not be possible without embedding computer screens into shopping carts, bus stop posters, and bar tables. We’re a long way off from that sort of thing, especially since we can’t even get Near Field Communication contactless payments to take off successfully.
Come November the 3rd, when Paypal opens up its platform to external developers, will it mark the beginning of transforming the way goods and services are delivered?
PayPal X is an important step for them in becoming a universal payment utility but it seems to me that the impact of this is highly dependent on the support of channel partners.
P.s.: Have you heard of https://twitpay.me/? Twitpay uses the PayPal platform to do commerce over twitter – whether it’s to raise money for charity, transfer money to friends, or receive payment. Go take a look. It’s pretty interesting.
