Wednesday, August 10, 2011

Could Facebook Credits Lead to Offline Currency?

Facebook Credits could be a springboard for a broader and equally significant offline payments says Thomas Power, CEO of online business network ecademy.

"It starts with a Facebook piggy bank, payment system and credit card," he says. "Then it's a savings account and a loan perhaps for university." Later, it might be about mortgages, life insurance, health insurance, car insurance, house insurance or pension payments as well.

Payments systems intended to support buying of digital goods conceptually can be extended into the peer-to-peer lending model as well, he argues.

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Directv-Dish Merger Fails

Directv’’s termination of its deal to merge with EchoStar, apparently because EchoStar bondholders did not approve, means EchoStar continue...