Wednesday, November 7, 2012

iZettle

1. Topic: Scan a credit card on your phone.

2. Article Title: iZettle launches on EE, aims to let UK merchants dabble in plastic

3. Article Source: Engadget

4. Summary: iZettle has released a payment platform that you can use on your phone. Which is good news for small businesses that might not have a building or cash register. Like yoga classes that take place in a park.
5. Reaction: I think this is wonderful. I'm just surprised you haven't seen more of them before this. My dad is always saying that he is going to open some kind of small business, now he can. Because no one carries much paper money anymore. It's all in bank accounts. So whensomeone wants to buy something, they don't have to have physical money with them to do so.

6. World Impact: Since this has been released, I think there is going to be a boom of small businiesses that see a window of opportunity. Now they can accept payment of any kind. That helps to not limit the audience of the offered product or service. That could help open jobs ( in a way). Because more people can be self employed, and not have to rely on a job that they could lose at any moment. That could make people even more self reliant, not depending on someone elses money.

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