Very interesting article over at Quartz. Here’s an excerpt:
Mobile money has an estimated potential worldwide revenue of $1 trillion within the next three years, and has become the “it” technology of the moment. The ability to send and receive money through cell phones simplifies the transaction process and offers customers both mobility and flexibility in managing their money.
Ever heard of a show called Fun TV with Kato-chan and Ken-chan? Me neither. It was quite successful in Japan in the mid 1980s though and featured some of the first user-generated content. Later, ABC’s America’s Funniest Home Videos would follow the same recipe of showing slapstick movies that people captured at home with their camcorders. Fast forward to 2005, the year that YouTube was born based on the same principle, but on the internet. In 2007, less than two years later, YouTube was sold for $1.6 billion dollars to Google. Nowadays, over 9 billion videos are watched online per month in the US alone, and YouTube has about 30% of that market. That’s quite a lot of user-generated pixels, and for sure a number that will keep on growing for quite some time to come.
