promoting (and preventing) competition

• the wap re-intermediators

  • wap must die
  • internet protocol will be the instrument of its death!

• open systems

  • has huge advantages in risk management
    • gsm protocols
    • french bank card
    • aes (des replacement)

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wap is engineered to place the wap mafia in the middle of every transaction, acting as the trusted introducer. their goal is to make banks obsolete as a source of trust capital.