Google last week rolled out its new operating system for smart watches, and some banks, including U.S. Bank, Wells Fargo and ING Direct Canada, are already looking into developing apps for it. But are consumers ready to do their banking on their wrist watches?
PayPal, the online and mobile payment company originally launched (no pun intended) by Space-X and Tesla Motors CEO Elon Musk, has never been a company to bypass an opportunity. When more Americans began carrying smartphones and looking for an easier way to pay for purchases, PayPal was quick to launch a 'mobile wallet' product. Now, the company seems to have its sights set on the rising trend of wearable technology, and its solution may be just weeks away from launching.
No doubt, connected devices are an increasingly hot commodity as the Internet of Things market continues to grow and will again be a major focus at the 2015 Consumer Electronics Show this week in Las Vegas. However, the one issue that could put a damper on this growth is consumer concerns about data privacy issues and sharing personal information.
aeYou probably won’t see widespread adoption of Eaze soon but it’s an interesting mobile payment system that ties Google Glass with BitCoin. Using the app and a QR code for transactions, you simply nod twice to make a payment.
By 2017, mobile apps will be downloaded more than 268 billion times, generating revenue of more than $77 billion and making apps one of the most popular computing tools for users across the globe, according to Gartner, Inc. As a result, Gartner predicts that mobile users will provide personalized data streams to more than 100 apps and services every day.
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