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Re: Smartphones are vital to bitcoin growth
by
MeridianMDN
on 19/04/2017, 19:02:04 UTC
More and more people are using smartphones thanks to budget friendly mid-rangers, almost anyone can now afford to buy a smartphone.

Mobile payment is becoming more common and it is an opportunity to acquaint people more into using bitcoin . Mobile payment will eventually replace credit cards or at least will make them less mainstream. An example  of this is Apple Pay. Bitcoin smartphone wallet  apps are to use when you have a transaction, you just scan a qr code and the transaction is done though will take some time to be confirmed.

 

Smartphones are a big enabler for bitcoin and the fintech industry in general.

Applications like Apple pay are doing a lot to re-train consumers. In general, these apps are allowing people to become more comfortable with the idea of storing value on their mobile phones.

So I agree with you.

It's obvious where the world is heading in terms of digitisation, disintermediaton and globalisation - all of these processes were initially enabled by the internet and the fact that the internet is now mobile, via smartphones, I imagine that these trends are due to expand in a major way