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It's definitely been very annoying for us outside of the US watching the light speed evolution of payment systems happening there and only there.

So this is good news for my European friends.

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It's true, the motto of HN is that ideas are nothing, execution is everything.

Yes the Samwise brothers outright steal ideas, but if you object then go and out-execute them in Europe. If you can't do that and the competition was fair, then the market has found a better solution. The only other path is in mandating a monopoly

This is a too narrow view. Africa leads with mobile phone banking (use your phone as a wallet and transfer funds and be able to cash out), Russia and CIS have viable cardless electronic money (you deposit money into electronic kiosks at shops and molls and then pay for goods and services via interwebs or from mobile), China has I guess everything we can imagine and more.

Many in the US have lusted over NFC payments via cellphone, available in Japan.

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