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OCT 25, 2013 - Huffington Post

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Can E-Money Do to Banks What Amazon Did to Booksellers?

Will technology transform financial institutions in the same way that Amazon disrupted the bookselling industry, or is talk about the impact of increased digitization of financial services merely hype? The answer depends on what type of financial service we're talking about. At the basis of a financial system is money as a trusted means to facilitate economic transactions. Without it, we would live in a barter economy, and my life -- for one -- would be pretty rough. Which farmer or landlord, for example, would value reading this blog enough to give me food or shelter in exchange? ... Read More

Tags: Can E-Money Do to Banks What Amazon Did to Booksellers?,  Alibaba Latest News