FINANCIAL SERVICES
John Mitchell , from payment tech provider Episode Six , continues : “ Digital wallets have been most successful in regions where card penetration has been low but mobile phone use is high . In regions such as Southeast Asia , consumers have gone straight from cash to mobile wallets and as a result digital wallet providers have done well . “ Where we ’ ll see digital wallets evolve in the future will be around the types of assets stored . The world is already rapidly adopting alternative forms of digital currency , cryptocurrency being the most in-demand . Future digital wallets will not only store and allow for payment transactions but will also provide on-demand and seamless access to these alternative digital assets . Better yet , apart from storing these funds , they will offer the ability to complete financial transactions using these varying payment sources .”
“ SMART LEDGERS , OR BLOCKCHAIN , WILL TRANSFORM THE WAY PEOPLE AND ORGANISATIONS HANDLE THEIR DIGITAL WALLETS ”
JOHN MITCHELL CEO , EPISODE SIX fintechmagazine . com 67