How Your Wallet Will Become the Next Platform

TechCrunch recently featured an article by Alex Rampell (@arampell) about why your wallet is going to become the next platform. More specifically, he was talking about how the digital wallet is going to become the ultimate financial platform. As digital wallets increasingly become the origination point for consumer spending, they will become THE platform for downstream financial services—creating an opportunity for startups and a problem for established players.

In the article, Alex visualizes the digital wallet as a stack that shows hardware at the top (your phone) and bank accounts at the bottom. He says that the flow is more like a system of pointers that flow downward. In addition, if a business can occupy a defensible position in the stack that allows it to intercept payments, capture and control value, then it will become the ultima ...

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