1. How long do you think it’s going to take to get to all virtual cards? How many years?
Why?
I think it will take around 8 years to get to all virtual cards. As the younger generations grow up, they are likely to be more trustful in this new technology in which they don’t have to always bring cash outside.
2. Who will not be on board with this new virtual wallet?
I think the older generations, which are the baby boomers, will not be on board with this new virtual wallet. Many older generations are unwilling to accept new technologies, and they believed that cash is always the best thing to keep when they go out to shop.
3. What companies are going to be affected negatively by this? Name 3.
Credit card companies, stores that don’t want to install the virtual cards system,
4. Who is going to make money from this? Name 3.
The inventor, manufacturers, banks.
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