Comments on: What the IT at Google Bank would look like http://lebleu.org/blog/2008/05/30/what-the-it-at-google-bank-would-look-like/ Thoughts on the future of money Wed, 04 Sep 2013 05:52:33 +0000 hourly 1 https://wordpress.org/?v=4.1.42 By: lilious http://lebleu.org/blog/2008/05/30/what-the-it-at-google-bank-would-look-like/comment-page-1/#comment-731 Tue, 03 Jun 2008 21:19:18 +0000 http://lebleu.org/blog/2008/05/30/what-the-it-at-google-bank-would-look-like/#comment-731 nice post. I bet they are already working on something like this.

I would just add one small option: the ability to do micro payments for a small charge.

In the street i might be tempted to buy an icecream because i have a few coins in my pocket. If i had to use my credit card to pay my ice cream i wouldn’t buy icecreams because the cost for the use of the card would be as much as my icecream. Or i would have to buy tens of icecream at once.

Online i think the ability to have a universal micro payment system like paypal but with low charges on transactions would boost the online economy. If I could buy easily 1 song or one photo or one newspaper article for 1 or 2 dollars each, in 1 click when I feel like it, I would spend much more, more often and on many things than if I had to use paypal (user unfriendly and absurdly expensive rates) or my credit card (charges and fear of security issues). I believe lot of people would be ready to pay for a lot of content, if there was a system as easy to use as giving a dollar to someone in street.

I think that would really boost online sales and the long tail markets…

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