/biz/ - Business & Finance

>Vansa Chatikavanij, managing director of OmiseGO said that OmiseGO distributes open protocol to allow different e-wallets to seamlessly talk to each other.

>She described it as the "unlocking of mobile commerce".

>By the fourth quarter, the company will introduce OmiseGO wallet software development kits, which allows programmers to create their own wallets, customise their own brands for payments, transfers and loyalty and rewards points.

>"We are in discussions with strategic partners to use their own mobile-wallets in OmiseGo's network, including those in Europe, Japan and Africa," said Mr Harinsut.

>It is estimated that by 2020, at least 38% of global financial service transactions will be done via mobile wallets.

Already in China it is becoming hard to find a place that doesn't accept phone payments. The domestic providers in the Chinese closed internet economy are protected from competition for the time being.

Meanwhile the rest of the world, especially the rest of Asia, is rapidly catching up.

Only the ignorant are unaware. This stuff is just starting to get regularly reported on in the normie news services. We are at. the. basement. of this thing.