What Apple Pay’s Entrance into China Means for Bitcoin
Apple Pay’s plans to enter China are at an advanced stage. The digital mobile money service could hit points-of-sale in the country as early as February 2016, according to The Wall Street Journal, but will this have an impact on Bitcoin in China? China will be the fifth country, after the US, UK, Canada and Australia, where Apple Pay will launch. In....
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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.
Following Apple Pay’s much-hyped payment system’s launch and lukewarm reception across many markets, the platform’s release last week in the United Kingdom has already encountered some problems with a double-spend issue being the most notable. Apple Pay can cause an economic misfire with users of the ever popular public transportation service, the Transport for London, under certain circumstances. This has happened often enough to cause an official alert to be disseminated from the iconic transit system regarding the use of this new form of payment. The problem is when a payment is made....
Bitpay prepaid Mastercard users can now connect with Apple Pay for purchases. The string of major payments companies allowing crypto features continues as BitPay announced today that BitPay card users can now connect to Apple Wallet and pay for goods and services using Apple Pay. "We have thousands of BitPay Wallet app customers using the BitPay Card who are always looking for new places and ways to spend their crypto,” said BitPay CEO Stephen Pair in a press release. “Adding Apple Pay and soon Google and Samsung Pay makes it easy and convenient to use the BitPay Card in more places from....
American multinational technology company, Apple, is set to launch its mobile payment network, Apple Pay, in China on February 18, 2016. Competition with Alipay. China, with nearly 1.3 billion mobile users, is the second biggest market for Apple Pay to target to date. The California-based company has already obtained support from the country’s largest financial lender, the Industrial and Commercial Bank of China, for its official launch. Apple believes that the mobile industry in China is growing at a rapid pace due to the explosive increase in the number of mobile broadband (3G and 4G)....
China's App Store has banned Wiper, the mobile messaging service that allows users to delete messages, after it added the ability to send bitcoin. Wiper announced its bitcoin functionality slightly more than a month ago. "We were removed from the iOS online app store in China due to violating that app store's policies." Manlio Carelli, Wiper's CEO, told CCN. "A rep from Apple explained to us by phone that this violation was related to Wiper enabling bitcoin payments." Wiper contacted Apple after receiving a removal notice through its iTunes Connect developer account. "We received a very....