Monday, May 2, 2011

questions

how long do you think it's going to take to get all virtual cards? how many years?why?

I think it will take about 10-20 till we all get virtual cards. If everyone is using one virtual card( credit debit driver license) for everything than the people who are creating these cards must make sure its safe.



who will not be on board with this new virtual wallet?

I think people who don't believe in new technology would be against the new virtual wallet.  Especially people in the older generation, like my parents aunt, and grandparents they don't even know how to use a computer. Almost everything now is online like you can now read books online, watch tv on the computer and banking and paying your bills online.


what companies are going to be affected negatively by this? name 3
I think credit card companies such as Master card , Visa and amercian express. after the new virtual card comes out people would slowly stop using credit cards.  as people stop using their companies credit card the company would have to close down.

who is going to make money from this? name3

Cell phone companies ( sony ericson , samsung , htc android ) , wireless internet ( shaw , bell , roger) and Apple company would make a lot of money after virtual cards are introduced. All these companies would be making millions of dollar if people accept the new virtual card system.

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