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Bitcoin Economics and Evolution | The Saylor Series | Episode 16 (WiM062)
The "What is Money?" Show
Mobile Payments - What Are They?
A mobile payment a mobile ap that does payments. It is something you can plug into big coin, like square and pay pell have plugged mobile aps into big coin. If you are doing that, then probably the application provider custody some of the bik coin, and they're moving it. They become a fractional bank, a bick coin. Bic coin becomes the central bank in ciber space,. And then these other mobile apsabsites become fractional banks plugged into the central bank of siber space. As governments get stronger, there's going to be questions of compliance requirements for retail banking applications.
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