Lucy Crossfield of Expert Market comments: “Our study confirms it – the days of fumbling around in your wallet or your credit, debit and thousands of loyalty cards are seriously numbered. Mobile phones are becoming the no.1 device for everything from chatting to friends to watching TV to paying for all of our worldly possessions, and why? Because it’s just so much more convenient to have everything in one place – in today’s world, convenience is king!Is it all going to be in our telephones?
No, the form adopted, ultimately, will be a separate smart card. The smart card falls under the 'crypto hardware wallet' banner, and the market size is still about $100 million, but expected to grow 25% per year. But crypto wallets need something no government has yet granted, the ability to generate and hide a private key inside the hardware wallet, unobservable by human eyes. Private versions of this capability are in the hands of private money nets, for the wealthy.
The NSA has essentially stalled the sandbox development at this moment.
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