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Despite the breakout success of Square, there is virtually no market for standalone digital wallets.
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Many other areas are possible, with the obvious ones such as digital wallets, exchanges and merchant services.
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Such technology can enable third-party developers to create mobile payment applications so users could use their phones as digital wallets.
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Given the clear market for these products among busy mobile professionals, bars are arguably a less clever way to design digital wallets.
CNN: Digital wallets attempt to save time, headaches
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Perhaps digital wallets are an idea whose time is yet to come.
CNN: Digital wallets attempt to save time, headaches
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When it comes to popular e-commerce sites such as Amazon or CDNow the digital wallets manage to offer automatic login without any problems.
CNN: Digital wallets attempt to save time, headaches
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Swatch also sees great potential for watches as contactless digital wallets.
ECONOMIST: MONITOR
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MasterCard's MasterPass is one of a growing number of applications analysts have dubbed "digital wallets" that allow consumers to store multiple accounts in a single program.
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If alternative payment solutions such as digital wallets are better able to protect consumers, banks and card providers could see further erosion of their market share for retail payments.
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In fact, the site that people were taken to if they clicked on the link was fake and, via a booby-trapped update file, installed malicious software that then emptied digital wallets of bitcoins.
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MasterPass brings together all of the ways consumers pay for things, from traditional plastic cards to digital wallets, and gives them the ability to make a payment from wherever they are with one simple experience.
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Time for digital wallets to pay.
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