Will Apple Dominate Mobile Payments with iBeacon?
Apple's new product, iBeacon, is a technology that could change the way people interact in its retail stores. Furthermore, iBeacon could potentially revolutionise how we pay for items: putting the tech giant squarely at the centre of the mobile payments industry. iBeacon is a software and hardware combination that Apple has deployed in all of its 254 US stores. The software uses a brand of Bluetooth wireless networking, called Bluetooth Low Energy, to pinpoint compatible devices nearby. It communicates with customers' iPhones and iPads to work out exactly where they are in the store,....
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Apple has been silently promoting their iBeacon technology and recently debuted it in their own stores. This past Friday: December 6th, 2013 Apple launched iBeacon within its 254 U. S. stores. iBeacon takes advantage of Low Energy (LE) Bluetooth, which Apple has silently put into all of its products since the iPhone 4s and iPad 3rd gen. Essentially, any device that can run iOS7 can be directly used as a LE Bluetooth device and function as a transmitter and receiver: be an iBeacon. TechCrunch's article on the iBeacon calls Apple's marketing of the iBeacon an "Open Secret," and Wired goes on....
Apple released a device update weeks ago that made large improvements on existing iBeacon technology. The update allows devices to search for existing beacons without the application being open on the device, while also enabling nearly all iOS7 devices to send and receive beacon signals. This means that retailers can send messages to customers, accept touchless payment and gain valuable customer information, all without dedicated hardware. There is little question that Apple has plans to dominate mobile commerce, but did they make a mistake by outlawing digital payment systems like....
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,....
Happy Sunday, and welcome back to another Bitcoin News in Review, where we feature some of the top stories of the week here on CryptoCoins News. This week, Apple launched its own mobile payments system, 5 million Gmail login credentials were leaked, PayPal announced Bitcoin integration through Braintree, and more. Check out our video and keep scrolling for this week's Bitcoin News in Review. Apple Pay. Along with the iPhone 6 and Apple Watch, Apple launched its own mobile payments solution called Apple Pay last Tuesday. Apple Pay relies on NFC, Touch ID, and other technologies to enable....
Updated with additional comment from bitcoin community. Apple has unveiled Apple Pay, a new mobile payments tool that could significantly impact the way consumers transact both in-person and digitally. The new service was outlined as part of a broader demonstration of the iPhone 6 and iPhone 6 Plus, both of which were introduced at Apple's event in Cupertino, California, on 9th September. Apple Pay is integrated with existing infrastructure, including Secure Element and Touch ID, while the iPhone 6 introduces near-field communication (NFC) functionality, enabling tap-and-go payments for....