Blog Archives

Many Choices in Payment Methods

1/24/2020

Payment Options are Rapidly Proliferating!

Consumers now have dozens of payment methods to choose from. This includes Cash; Debit cards; Credit cards; Phone-based 'wallet' and payment methods like Apple Pay and Samsung Pay; Identity-based payment methods (some coming soon) such as eye/face recognition, fingerprint recognition, and Hand-print recognition; and Cryptocoin such as Bitcoin, Litecoin, Etherium, and many more (over 2,000 different crypto-currencies exist as of January 2020!), and other kinds of payment methods are being discussed as well.

New Ways are Needed to Organize Payments

With thousdands of payment methods now available (and new ones coming every year), there is a need for better ways to organize payment options, and signups for new payment methods. This need will grow more important over time as payment methods continue to grow. Each payment method has its advantages and disadvantages; so a person shopping close to home might have different needs than someone travelling, or doing something creative online. A solution is needed that addresses all scenarios.

We have a Solution

We are working on a patent for a new way of organizing payment methods, making it easier on consumers. Our solution will be revealed once it is Patent-Pending. It is a creative way to let users choose their favorite payment method, at any point in time. Our solution is intuitive and makes a lot of sense; and is instantly understood when you see it. Check back with us to find out more!

Contact Us

If you are working in the payments industry, and have some new ideas, or waant to discuss new payment methods in general, contact us. We are especially interested in new ways of organizing categorizing, and publicizing payment methods.

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Music Streaming Finally Hits 1 Trillion Streams!

1/10/2020

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Majority of Music is now done by Streaming

The music streaming industry has been steadily growing, and finally hit 1 trillion streams, in 2019. That is a very impressive number.

The likes of Spotify, Pandora, Tidal, Apple Music, Deezer, and other music streaming companies are supplying us with the majority of our music now.

Vinyl also continues to grow, and its about to surpass CD sales; while vinyl is growing, CD's continue to decline. The CD has a very low cost to produce, so it will stick around for awhile and you can still find new cars with CD players - but that will soon change.

Some of the music streaming services are working on higher resolution formats, and that will become a big growth area later once it gets more traction. Wikipedia has a good article on high resolution audio.

There is a movement called the MLC, which stands for Mechanical Licensing Collective, and is part of a new law called the "Music Licensing Modernization Act". Its goal is to improve how music licensing is done, to make it fairer and help artists earn; but it is early days for the MLC. You can read more here.

Spotify continues to be the best music streaming service, no question. Many people kind of gave up on Google, which at times has offered a rather confusing mish-mash of services. Amazon is starting to raise its quality level, even talking about higher definition music, so lets keep an eye on Amazon Music, too.

You can also read more about our invention, called the Master API, at our music blog site: MusicStreaming.com