With all the financial technology out there, why is moving money from person to person, business to business, or paying for goods and services in crypto still seem like some faraway fantasy? Why do we need to juggle two, three or even four third party accounts to manage our day-to-day? (3)
This is partly due to the antiquated digital systems many banks and merchants are using to conduct transactions. It’s old. It’s clumsy. It’s patched with third party software. And frankly, on the user end it can get aggravating. Brands are vulnerable to losing younger consumers who are less tolerant of poor digital shopping experiences and will quickly move on from brands.(4)
More than one-third (38%) of Gen Zers say they allow a brand just one second chance to fix a mistake, then, never mind, I’ll find someone like you. (4)
Brands can’t afford to ignore the power of poor digital experiences or risk being canceled.
It’s really not fair. That’s because all of those banking or merchant activities are outsourced to a third party, it’s not the bank or merchant. It’s called white label infrastructure where the bank or merchant’s branding is simply laid over the third-party program. (5)
A radically different financial architecture is here. Here’s who will own it.
AppTech Payments Corp (NASDAQ:APCX) is in the process of releasing the ONLY seamless digital payment solution that will change the game forever. They OWN all the technology patents. And, according to the company sources, VISA, MasterCard, and several large banks have all already signed on for full integration with their systems. (6) If things go as planned, who knows, this could be like having another chance to get in early on Google (NASDAQ:GOOGL), Amazon (NASDAQ:AMZN), and Apple (NASDAQ:AAPL).
The bottom line is the integration of the AppTech solution in a large enterprise is millions of dollars cheaper and hundreds of thousands cheaper in a midsized company. And on a side note, here’s an exciting piece of news. Rumor has it that there will be big releases in the next couple of weeks. It may have something to do with the Metaverse and the Oculus 2s. We’ll have to wait and see on that one. As always conduct your own Due diligence and follow traders vigilance.
Source 3: https://www.digitaltransactions.net/consumers-say-friction-is-a-leading-cause-of-late-bill-payments-especially-online/. Source 4: https://www.marketingdive.com/news/brands-could-lose-fickle-gen-zers-over-poor-digital-experiences/598522/. Source 5: https://www.paymentsjournal.com/community-banks-embrace-third-party-platforms-to-empower-growth/. Source 6: https://apptechcorp.com/digital-banking/
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