A payment service that aggregates your data

Today,Today, Google Pay for both Android and iOS is relaunching with a giant array of new features. It turns the app from something that most people think of as a tap-to-pay card repository or peer-to-peer payment system into a much more ambitious service. The new app begins rolling out across the United States today.

It knows enough Swift to manipulate Swift accounts.  Otherwise it is collecting account data in its servers. Google wants a complete version of you in their servers.

So what? If the ads pay for the transaction costs, or much of them, fine. Paypal, Google, Apple, Amazon  all competing for payment services as an adjunct to other captured, non monetary services, mainly ad sales, and logistics for Amazon. All of this business goes away when we use petty cash or stable coin. 

So, Walmart creates a stable coin for its member customers. Creates an app for smart phones. Walmart uses its regular corporate bank for a Swift interface. They can offer Walmart stable coins for a discount to their regular customers. Or use them to pay off suppliers, as the stable coins are accepted at the corporate bank.

Walmart can offer S/L accounts in stable coins, for in store purchases.  Even subsidize rates in a closed system. Walmart short chain ledger records cash transactions so sales tax cheating is controllable. The Walmart banker running the chain is obeying regulations on money laundering. These are all Walmart registered accounts, and customers  have corresponding Swift accounts.  But customers can pass them around to each other online, using the Walmart network.  They can even trust their best customers with bearer cash in small amounts, then order direct from third parties, Walmart acting as trusted miner.  This gets Walmart directly into the social media, much better than Google. Take the risk even without Spectre compatible smart phones. But online petty cash gets us a granularity down to the nickel.

Walmart can sell higher value goods with loan systems. The will have a credit system in place that can compete with mail order appliances up to a thousand in price. So their stable dollar expand their online sales catalog. Everything but delivery becomes a single point to short chain validation.  They can easily compete with Amazon. Partner up with Apple on this.