Earnity is a community-based platform to buy and sell crypto based in San Mateo, California, led by Dan Schatt and Domenic Carosa. The firm uses a platform where creators have the tools and means of monetization that reward quality content and meaningful learning. Each form of monetization should be transparent, simple, fair, and beneficial to all involved. The firm also helps inform and educate people on many facets of the financial technology industry.
Take mobile payments, for example.
Why should people adopt a mobile payment system? Mobile payment systems hold numerous benefits over traditional methods like cash or credit cards.
For one, mobile payments are more secure than their traditional counterparts. With a conventional payment method, your credit card information is stored in a physical wallet or purse, which can be lost or stolen by thieves. With a mobile payment system, your credit card information is stored on your phone and encrypted, making it exponentially more difficult for thieves to steal or hack.
Another benefit of mobile payment systems is that they are more convenient than traditional methods. With the traditional payment method, you have to carry around your credit card or cash and make sure you have enough money to cover your purchase. With a mobile payment system, you can just carry your phone and make purchases by scanning your phone’s barcode or by using your fingerprint.
Finally, mobile payments are more efficient than conventional methods. You may have to wait in line to pay for your purchase with a traditional payment method. With a mobile payment system, you can avoid the line and pay for your purchase quickly and easily.
These days, the more popular kinds of mobile payment methods include Apple Pay, Android Pay, and Samsung Pay. All these mobile payment methods allow you to make payments by scanning your phone’s barcode or by using your fingerprint.
As fintech veterans and Earnity executives Dan Schatt and Domenic Carosa emphasize, mobile payment users should still ensure that their transactions are highly secured.