Jason Lee
Mr. Schaffer
Econ
2012/11/26
Digital wallet
Referring to an article on The Economist " War of virtual wallet", credit card company's join together to form a united payment method called "digital wallet". Which I personally think its a great idea. With this costumer not longer have to put their information with every payment, they simply just enter their username and password when purchasing an item. We learned about how technology is a determinants for supply, in the article it explains how in this technology advance world moving payments online would bring more costumer. Once many card payments are joined together, discounts or coupons could be easier distributed between the costumer, which is very convenient when it comes to holidays or big sales. With this people will be able to get hold of their payment much easier than before .Now days with app on smart phones which provides many use such as this digital wallet. Your personal phone can be where you purchase items, right in your hands. Through this I believe that not only the firms would benefits form but also the costumer would benefit from it.
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