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....
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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....
When new ad-blocking applications were introduced to Apple’s App Store, content creators reacted quite weary. Having these applications block all types of advertisements online, and in-app makes monetizing creations even more difficult. That being said, Apple recently removed quite a few of these apps, as they might pose a security threat to users. All of the iOS ad blockers that have been removed from the Apple App Store pose a major security threat to users, as they all redirect traffic through an unmonitored VPN connection. This allows these apps to read unencrypted traffic to remove....
Wallets of various descriptions have come into vogue of late. Some of these wallets are run by large IT companies like Apple and Google, whilst others are run by financial institutions such as the banks. Then there are the likes of Paypal who also have a stake in the whole wallet business. These wallets exist in different forms and shapes and while some are only payment apps, others feature contactless payment technology which allow people to pay for things at shops. The underlying technologies for these wallets range from QR, NFC, Wi-Fi, Bluetooth etc. Surge in payment apps. According to....
For the time being, Bitcoin and other cryptocurrencies remain a high-value target for criminals. Fake Bitcoin wallets are a real threat to the cryptocurrency ecosystem. Mainly the Apple App Store seems to allow illegitimate wallets more often than not. A total of six new false wallets has been added to the Apple App Store over the past few days. Bitcoin users need to be aware of these issues and make sure they only install legitimate offerings. Six new malicious wallets on the Apple App Store is quite a significant development. Not in a positive manner by any means, though, as the....
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,....