Digital Wallets | Big Ideas 2024

Vertical software refers to a suite of solutions tailored to the needs of specific industries. Leading vertical software platforms are expanding rapidly into financial services for consumers and merchants. With two-sided networks, such software could facilitate closed loop transactions from consumer to merchant, merchant to employee, and employee to merchant. ARK believes that digital wallets on these platforms will enable fully closed payment ecosystems.
A tradition since 2017, “Big Ideas” is ARK’s seminal document, offering a comprehensive analysis of technological convergence and its potential to revolutionize industries and economies at a global scale. At the heart of this report lies thorough research, meticulously conducted by ARK's investment team.
Download Big Ideas 2024 Report: ark-invest.com/big-ideas-2024/
Disclosure: www.ark-invest.com/terms

[@b.sharp.]

This perfectly describes Venmo/PayPal. Strange to not include them.

[@Schmexy]

That's a good point, especially the PayPal stablecoin

[@LY3355]

Because they are using architecture for web2. And not using self- custody of digital assets like true web3 wallets.
Native web3 digital wallets interact by connecting your wallet with any site that has that technology already applied. Basically the items in Venmo/paypal “wallets” user accounts are superficial and not held in your account.
True digital wallets are only frontends/or UX to what’s in your digital wallet.
Might not make sense to you, but I tried.

[@b.sharp.]

@LY3355 nice set of buzzwords, but toast, shop, and Square are not web3. I'd argue that Square relies on banks more than paypal and shopify relies on Stripe. Cashapp and Venmo are most similar to what you describe.

[@michae1simm]

I guess the deeper question is that from a consumer perspective, it doesn't seem to make any difference as long as there's no transaction fee and the transactions are instant. Why should we care? ​@@LY3355

[@JohnCorrUK]

Excellent content , thank you 👍

[@addy_mha6376]

@ark what do you guys think of ionq,celh,and soun those are 3 of my faves

[@cryptocoinmichael]

NICE.................

[@min820315]

Can u talk more about TDOC🙃

[@robertswan1585]

Like Fobi Ai ...

[@RouRoro]

ARK gives me PTSD

[@tvbhk8223]

No matter what you said, you lost 75% of my investment in ARKK since 2021. You guys are good at talking but the ETF performance is horrible, isn't it?