Apple Pay Stumbles After Initial Support – Bitcoin A Major Competitor

Apple Pay Stumbles After Initial Support – Bitcoin A Major Competitor

Apple Pay has been touted as one of the most revolutionary mobile payment forms of the past 12 months. Despite a ton of marketing efforts, hype, and integration by thousands of merchants around the world, the platform has not been without flaws. In fact, most users are still not sure whether or not Apple Pay is a favorable option. Running out of phone battery makes the entire payment utterly useless. Apple Pay is proving to be quite an interest spin on mobile payments, as the service has many things going for it. There is a dire need for more competition in the mobile payments ecosystem,....


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Apple Announces Several Apple Pay Developments, Includes Overseas Expansion

In a series of announcements at its developers conference, Apple has revealed a number of expansions for the Apple Pay Digital Payment service. The biggest news is that Apple will expand the service and launch a UK market in the following month, making it the first expansion outside of the US. Apple Pay will partner with eight of the largest banks in the UK to support more than 70% of all credit and debit cards within the country. Apple Pay will also be usable in more than 250,000 locations in the UK which include more retail stores than were available at launch in the US. Additionally,....

Why Apple Pay Is a Threat to Bitcoin

Apple Pay isn't even here yet and, arguably, it's already winning the war against bitcoin. Like the digital currency, Apple is disrupting the payments system, but people will probably use it more than they use bitcoin. Cupertino has carefully focused on three areas to make sure that happens: front-end experience, financial institutions, and merchants. So what is the cryptocurrency community going to do about it? Apple Pay's holy trinity. Apple nailed the customer experience side. For starters, it rolled out the system with the new iPhone, and with the announcement of the Apple Watch, both....

JP Morgan Partners with Walmart & Best Buy to Crush Apple Pay

American multinational banking and financial services holding company JP Morgan Chase & Co. has announced the launch of its own version of a mobile payment system, Chase Pay, which will allow users to pay major retailers and merchants in the U.S, including the country’s largest retailers Walmart and Best Buy. As a rival platform, the bank’s mobile payment network is set to challenge Apple Pay in various strategies. For example, since its launch a year ago, Apple Pay failed to convince major retailers including Walmart and Best Buy to accept payments through its technology. In fact,....

Apple Pay Rejected by Walmart and Best Buy

Just about a week ago on September 9th 2014, Apple introduced its new Apple Pay payment solution for the iPhone 6 and iPhone 6 plus. The payment solution comes with a range of features that would make shopping on your mobile phone that much more convenient. At the same media launch, Apple announced that they were partnering with various companies and organizations ranging from credit card companies and banks that issue cards, to retailers across the United States. However, several organizations including Walmart and Best Buy were quick to deny any plans to support Apple Pay. Apple Pay and....

Apple Pay Set to Launch in China on February 18

Apple is about to launch it’s move into China, with its Apple Pay mobile payments platform set to go live on Thursday, February 18. Apple’s new digital payments application will be available to customers of the Industrial and Commercial Bank of China. This announcement comes after previous news that Apple planned to expand Apple Pay into China sometime during 2016 without giving a specific date. With this expansion set to be executed on February 18, China will become Apple Pay’s fifth country included in its service area.

Quotes

The only way to have an opinion about digital currencies is to learn about it, and we are providing a firsthand experience in that regard.

Mark McLaughlin, Executive director at Simon Fraser University