New Bitcoin rival? PAGA! | Bitcointalksearch.org

empoweoqwj

hero member

Activity: 518

Merit: 500

Quote from: crocko on January 31, 2014, 07:10:48 PM

Quote from: techstorm2 on January 31, 2014, 06:31:21 AM

Quote from: empoweoqwj on January 30, 2014, 11:47:57 PM

Quote from: acoindr on January 30, 2014, 07:32:56 PM

The article mentions Ripple. Does anyone know how many ripple currency units there are? My understanding is there is no way to check? Could be zillions I guess.

Ripple, wasn't that going to be the next big thing? Not heard much about it since mid 2013.

ripple is crap!

like we need another centralised currency which noone, except ripple central command understand.

Im sticking with bitcoin

Grin

+1 I dislike ripple too

As far as I know, Ripple is backed by Google's venture capital arm, another reason not to use it

crocko

hero member

Activity: 826

Merit: 1000

'All that glitters is not gold'

Quote from: techstorm2 on January 31, 2014, 06:31:21 AM

Quote from: empoweoqwj on January 30, 2014, 11:47:57 PM

Quote from: acoindr on January 30, 2014, 07:32:56 PM

The article mentions Ripple. Does anyone know how many ripple currency units there are? My understanding is there is no way to check? Could be zillions I guess.

Ripple, wasn't that going to be the next big thing? Not heard much about it since mid 2013.

ripple is crap!

like we need another centralised currency which noone, except ripple central command understand.

Im sticking with bitcoin

Grin

+1 I dislike ripple too

Singlebyte

hero member

Activity: 854

Merit: 1000

Quote from: FeedbackLoop on January 31, 2014, 06:42:56 AM

Quote from: Akka on January 31, 2014, 06:25:41 AM

Many of the 3rd world countys have highly unstable currencys.

If Bitcoins are successful services like this could provide people in 3rd world countries an easy way to safely store their (little) wealth away from hyperinflation.

See for example Bitcoin integration in M-Pesa: http://www.mobilepaymentstoday.com/article/216119/M-PESA-meets-Bitcoin-with-new-service-in-Kenya

Thanks for posting that link. Very interesting. I don't think it appeared in the press sub-forum.

I thought about putting it over in the press section but the article really wasn't about bitcoins so I chose not to. Yes, some of the article was interesting, but other parts were stretching it a bit in my opinion.

empoweoqwj

hero member

Activity: 518

Merit: 500

Quote from: r0ach on January 31, 2014, 06:40:39 AM

Yea, but can you buy an AK47 with a grenade launcher on Silk Road using PAGA

lol. No. But neither can you buy that on SR anymore Wink

FeedbackLoop

hero member

Activity: 742

Merit: 500

Quote from: Akka on January 31, 2014, 06:25:41 AM

Many of the 3rd world countys have highly unstable currencys.

If Bitcoins are successful services like this could provide people in 3rd world countries an easy way to safely store their (little) wealth away from hyperinflation.

See for example Bitcoin integration in M-Pesa: http://www.mobilepaymentstoday.com/article/216119/M-PESA-meets-Bitcoin-with-new-service-in-Kenya

Thanks for posting that link. Very interesting. I don't think it appeared in the press sub-forum.

r0ach

legendary

Activity: 1260

Merit: 1000

Yea, but can you buy an AK47 with a grenade launcher on Silk Road using PAGA

web-project

newbie

Activity: 37

Merit: 0

I heard about the PAGA a couple years ago, as I had a project to develop the PAGA payment module for oscommerce.

techstorm2

full member

Activity: 196

Merit: 100

Quote from: empoweoqwj on January 30, 2014, 11:47:57 PM

Quote from: acoindr on January 30, 2014, 07:32:56 PM

The article mentions Ripple. Does anyone know how many ripple currency units there are? My understanding is there is no way to check? Could be zillions I guess.

Ripple, wasn't that going to be the next big thing? Not heard much about it since mid 2013.

ripple is crap!

like we need another centralised currency which noone, except ripple central command understand.

Im sticking with bitcoin

Grin

Akka

legendary

Activity: 1232

Merit: 1001

Many of the 3rd world countys have highly unstable currencys.

If Bitcoins are successful services like this could provide people in 3rd world countries an easy way to safely store their (little) wealth away from hyperinflation.

See for example Bitcoin integration in M-Pesa: http://www.mobilepaymentstoday.com/article/216119/M-PESA-meets-Bitcoin-with-new-service-in-Kenya

qwk

donator

Activity: 3542

Merit: 3413

Shitcoin Minimalist

Quote from: Singlebyte on January 30, 2014, 07:16:56 PM

So has anyone heard of Paga? (https://www.mypaga.com/)
[…]
Sounds like Bitcoin right? Nope. It's Nigerian mobile payment service Paga[…]

Sounds like Bitcoin? Not at all.
Services like M-Pesa, Pingit, Paga are centralized systems that come with huge fees and are only accessible to registered users.

The fees for these services vary but can be as high as 30% for a single transaction from user to user.

retrend

sr. member

Activity: 476

Merit: 251

Really questionable article to say those things are changing the world more than bitcoin. And m-pesa and paga have been big news for a while. With the ever decreasing costs of smart phones, I would say they should be pretty worried about bitcoin.

People splitting the dinner bill is changing the world how?

empoweoqwj

hero member

Activity: 518

Merit: 500

Quote from: acoindr on January 30, 2014, 07:32:56 PM

The article mentions Ripple. Does anyone know how many ripple currency units there are? My understanding is there is no way to check? Could be zillions I guess.

Ripple, wasn't that going to be the next big thing? Not heard much about it since mid 2013.

ArticMine

legendary

Activity: 2282

Merit: 1050

Monero Core Team

There is just one little detail. Services such as Paga or M-Pesa or their "First World" equivalents such as Dwolla or Interac only work within one country. Bitcoin on the other hand works worldwide. Nothing new here.

acoindr

legendary

Activity: 1050

Merit: 1002

The article mentions Ripple. Does anyone know how many ripple currency units there are? My understanding is there is no way to check? Could be zillions I guess.

Singlebyte

hero member

Activity: 854

Merit: 1000

So has anyone heard of Paga? (https://www.mypaga.com/)

One million users in Nigeria (seriously) are using it for mobile payments.

1) Imagine a service that "provides you with a fast, convenient and secure way to make and receive payments," one which describes itself as "the best alternative to carrying cash, using checks or ATM cards, traveling to and from the bank, and waiting in long lines to process payments." Sounds like Bitcoin right? Nope. It's Nigerian mobile payment service Paga, which passed 1 million registered users in November.

Source:
http://www.businessinsider.com/10-financial-innovations-more-exciting-than-bitcoin-2014-1

LOL...not sure if this belongs in the ALT COIN subsection or not....lots of debate about the section being deleted. Shocked

-Edit-
Someone needs to introduce them to Bitcoin....no reason for another alt coin. (Pun Intended)

Topic: New Bitcoin rival? PAGA! (Read 1525 times)