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The Wallet Wars have started
- Authors
- Name
- AbnAsia.org
- @steven_n_t
The infrastructure is ready. The users are ready. The war begins.
The Wallet Wars have started. The Prize? Control of your identity * Becoming your Everything Wallet.
Sam Altman has WorldCoin, Apple has Apple Wallet and Generative AI will move money on your behalf.
Here's why this changes everything:
The Great Rebundling is Here 👉 Apple owns 51% of US smartphones 👉 PayPal has 400M users ready 👉 Banks just launched Paze 👉 Everyone wants to be your "one wallet"
Why Now? The Perfect Storm:
👉 Apple finally opened NFC 👉 Digital ID standards arrived 👉 Pay-by-Bank is actually working 👉 Tap-to-pay is everywhere
The infrastructure is ready. The users are ready. The war begins.
Five Paths to Victory: 👉 Hardware Players (Apple, Samsung): "Trust our security" 👉 Banks (Paze): "Trust our stability" 👉 Fintechs (Cash App, Venmo): "Trust our innovation" 👉 PSPs (Stripe, PayPal): "Trust our reach" 👉 Open Finance: "Trust our data"
The Prize: The Everything Wallet
Imagine ONE app that: 👉 Holds your government ID 👉 Optimizes all your rewards 👉 Handles tickets & travel 👉 Manages investments 👉 Routes every payment perfectly 👉 Makes taxes disappear
The Early Winners: 👉 Apple: Has the lead but moving slow 👉 PayPal: 400M users + merchant network 👉 Cash App/Venmo: Perfect moment to evolve 👉 Banks: Will follow, not lead
But where are the AI makers in this? The Worldcoin project is fascinating. And watch as Crypto slowly integrates AI...
his is the battle for who you trust with EVERYTHING.
The Wallet Wars have begun.
And you're the prize.
Author
AiUTOMATING PEOPLE, ABN ASIA was founded by people with deep roots in academia, with work experience in the US, Holland, Hungary, Japan, South Korea, Singapore, and Vietnam. ABN Asia is where academia and technology meet opportunity. With our cutting-edge solutions and competent software development services, we're helping businesses level up and take on the global scene. Our commitment: Faster. Better. More reliable. In most cases: Cheaper as well.
Feel free to reach out to us whenever you require IT services, digital consulting, off-the-shelf software solutions, or if you'd like to send us requests for proposals (RFPs). You can contact us at contact@abnasia.org. We're ready to assist you with all your technology needs.
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