The 7-Second Chinese Payment That Quietly Cracked the Dollar System
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The 7-Second Chinese Payment That Quietly Cracked the Dollar System
One of the hottest trends in Chinese consumer internet this year …
Revenue from short video dramas 短剧 — serialized stories of 1-2 minute episodes typically totaling 60-120 minutes, designed for vertical viewing on phones—has surpassed movie box office.
Operators compare them to “mini games”... See more
Rui Max.comAs it happens, Ant and Alibaba were critical to spreading the gospel of the QR code. With low credit-card adoption in China, Ma saw an opportunity to leverage the comparatively common mobile phone as a means of transaction. Today, QR code scanning accounts for the majority of digital payments in the country.
Mario Gabriele • QR Codes: Cities & Eyes
By creating user friendly mobile-first software experiences, Ant is disrupting the traditionally opaque, highly regulated, and hard to access world of Chinese banking. In doing so they have made financial services available to hundreds of millions of Chinese who wouldn’t have previously been able to access them.
Grace Zhang • Not Found
Main Points • Re-Dollarization, Not De-Dollarization: Contrary to widespread predictions of the US dollar’s demise, it is experiencing a profound strengthening. This phenomenon, explained by the ‘Dollar Milkshake Theory’, is driven by massive capital inflows into US assets, sucking liquidity from the global system • A Second, Powerful Straw: US
... See moreMichael Howell • A Dollar Milkshake With Two Straws
Simple, portable payments solutions attached to major platforms, like Apple Pay, will reduce friction to a minimum. This in turn empowers small vendors at the cost of the likes of Amazon, which still generally requires you to go to it to buy things. That monolith will be tough to topple, but small businesses are going to find out that you can live... See more