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Gary Edwards

Mobile banking pioneer mFoundry nabs $18M from MasterCard, Intel Capital and others - 1 views

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    Good stuff. The Internet-payment sector is really heating up: Square, PayPal, mFoundry and my favorite - DWOLLA. The credit-card-payment-industry is still in control, but you can see from the heavy investments they are making in Web based systems, that the mobility phenomenon has them concerned. Dwolla is my favorite because of the innovative way they connect direct to the bank accounts of users, cutting the transaction and reconciliation cost from credit card standard 2.75% o a FLAT $0.25 cents!!!! Outstanding. Could prove very disruptive.
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    Simple, formerly known as "BankSimple" recently won an award as one of the 20 best stratups of 2011. Backed by Visa, Simple aggregates end user bank accounts, proving a single interface. Promises to get rid of bank fees entirely, and become a NEW Mobile Bank. Not sure this can be doen with Visa sitting in the drivers seat.
Gary Edwards

Bitcoin Consultancy - 1 views

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    Amir's Website for open source BitCoin:  Jason Calcanis "This Week in Startups". Bitcoin is a new digital currency offering many advantages over traditional and other electronic currencies. Nobody owns the bitcoin economy, and nobody controls it. Utilising an ingenious decentralized structure, bitcoin relies on cryptography and mathematics to ensure security and reliability. It is secure and reliable. It eliminates virtually all the overhead seen in traditional banking. Currently bitcoin lingers in the underworld of the internet and lacks the outside polish that can take this cryptocurrency from the garage to commerce. Our wiki contains a short introduction to this digital currency.
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