August Giveaway & The State of the Wallet Industry
Although this article is slightly early I thought it was a good time to do the next wallet giveaway and talk a bit about the landscape of the wallet industry at the moment. As some of you may know wallets are becoming ever more integrated with technology. Over the last year alone the majority of wallets cropping up on Crowd funding site Kickstarter & IndieGoGo have all been like this. With the integration with tech wallets average size are actually on the rise as wallets need to cram all this technology into a wallet. It’s probably a controversial statement but minimalist wallets are probably on the decline. Less and less appear on the market as please start to prioritize functionality over all else.
What comes next?
The question I pose is what comes next? I remember talking years ago about how wallets are continually getting smaller and smaller and soon enough they’d be no more. As cryptocurrencies like Bitcoin become ever more popular the need for traditional physical money is becoming less and less. I believe that as these alternative currencies become more popular, and new payment methods become more mainstream (contactless, and phone) wallets will eventually become obsolete. When will this happen? Not for at least another 10 years even longer. But It’s a very real possibility in the wallet industry and companies should be aware and keep ahead of the competition.
Since its July I thought i’d giveaway one of the slimmest wallets i’ve come across in a long time. During summertime we enjoy going out more, staying out later, and wear less clothing. Because of this it’s only natural for us to want to do the same with our wallets. Although i’m going to leave the exact wallet a mysterious I guarantee it’s a good one.
If you’re here and yet to sign up for our giveaway you’re missing out. All you need to do is sign up once with the link in the sidebar and you could win a new wallet every month. It’s as simple as that. This month’s winner is:
Congratulations! I will send you a private message through email asking for your contact details so I can send you your wallet. Thanks to everyone who has currently signed up for the giveaway and best of luck for our September giveaway!