Vision 2. Digital Currency

Background

• A currency in digital form to be used among electronic devices
• Bill Notes/Checks -> Plastic cards -> Virtual Cards -> Virtual Currency (a currency or just a final product?)
• Credit/Debit system from banking
• Exchange value (circulativeness and popularity)
• Security (ID and traceable)
• Ultimate Goal: A currency for all currencies to exchange (It is USD now.)

• Limitation: Governments & Regulations Allow or not Allow in one country (potential market size and how fast it can grow.). Limit to consumer finance in most countries so far. China government allows Ali Pay &Wechat Pay work as a Digital Currency but has a lot controls over these companies

Credit Card Base

• VISA
• MASTER
• Paypal from eBay: the 3rd party payment over VISA/MASTER
• Square: POS for small merchants
• Amazon
• Euro: single currency of EU but no finance flexibility and control

Debit Card Base

• Alibaba (AliPay): B2B, B2C to form a platform and credit data -> Mutual Fund, Banking
• Wechat Pay

Mobile Payment

• Wechat Pay, AliPay (QR Code, In-App, Web-Based payments)
• iPhone NFC (virtual credit card), Samsung NFC
• Square: audio-jack reader & POS for small merchants

Gift Card Base and Bonus for Membership

Virtual Currency