Comments
Ariella
4/26/2016 10:04:18 AM
User Rank Author
Re: regulations?
@JohnBarnes and don't forget about currency that is solely digital like Bitcoin or Ripple.
jbtombes
4/26/2016 10:23:16 AM
User Rank Platinum
transforming telcos - and finance
Good example of telco transformation. Next step will be for a telco to acquire a bit-coin foundry, data-center based operations that require require huge and increasingly intense (thus sometimes liquid-cooled) levels of processing.
freehe
4/26/2016 8:49:44 PM
User Rank Platinum
Re: regulations?
It's funny how none of these companies ever mention security. They need to develop strong security measures to protect customer data. Upselling to customers is great but the key to being successful is ensuring that your current customers want the products you want to upsell.
If my cable provider decided to open a bank I would not switch because they have no experience and there will be growing pains. I hope it works out for Orange.
elizabethv
4/28/2016 8:53:51 AM
User Rank Platinum
Re: regulations?
@freehe - right?! Just because I like my cable company - and I don't - but still, I wouldn't just automatically trust them to excel in other avenues. I don't expect my doctor to fix my car. Even if my doctor - and I do like her - partnered with a mechanic, that doesn't mean I would automatically want to have my car fixed at my doctor's office while I was there for an appointment. I honestly worry about companies getting too large. Do what you do really well, and you'll be successful. Who asked for a business that was a jack of all trades?
mpouraryan
4/28/2016 12:17:47 PM
User Rank Platinum
Re: transforming telcos - and finance
What is clear is that our phones are coming the "hub" for all our lives. Although a "natural progression", I could not help but wonder if such an event would happen in the US--and how the proliferation of such services would have value--we already have Apple Pay; Pay Pal/etc. that can be used--so I can't help but wonder...
Re: regulations?
If not we'll create one!
Alison
5/4/2016 7:11:42 AM
User Rank Silver
The underbanked and unbanked
There's a huge opportunity for telecos to serve a massively ripped-off segment of the population: People who deal mainly in cash, who don't have bank accounts and, as a result, have to send money via expensive services like wiring or prepaid credit cardss that not only take a sizable chunk f change but area lso time consuming. If telcos use some of the increasing number of financial options available to them, payments and transfers to families in other countries or states should be as simple as a click away, cutting out the expensive middle man, just as Square empowered a whole generation of small, indie business people. Kudos.
batye
5/9/2016 3:22:57 AM
User Rank Platinum
Re: regulations?
@Co-found75847 I would say it depends on the cost... bottom line so to say
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