The People Have Spoken: Apple Pay Loses to Bitcoin by TKO
At today’s funeral proceedings, we are here to mourn the passing of a not-so-new technological program. In history’s wake, here lies the centralized carcass of Apple Pay, the establishment’s last gasp attempt to head off “The Future of Money”, Bitcoin, as the next-generation of payment technology. Would anyone like to say a few words on the behalf of the deceased? Anyone? Anyone? Bueller? Some would say that Apple Pay and Bitcoin are not competitors, but I’d bet to differ. Bitcoin’s primary application in the mainstream is as a currency and form of payment, which Apple Pay is, just without....
Related News
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....
One of the most interesting stories of 2015 has been the SaruTobi iOS game, which lets players earn Bitcoin as they progress through the game. In fact, so many people have played this game in order to get their hands on some chunks of Bitcoin that it caught the attention of Apple themselves. And not in a good way mind you, as SaruTobi has been pulled from the Apple App Store. According to Christian Moss – the person responsible for creating SaruTobi – the game has been temporarily suspended from the Apple App Store. While it is not uncommon for Apple to [temporarily] remove applications....
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....
Moreover, it is evident these Australian banks have no intention of supporting Apple Pay whatsoever, and collaborating in this regard seems the best possible outcome for all parties involved. Many people think the bigger banks are only opposing Bitcoin and cryptocurrency, but that is not entirely correct. Over in Australia, the banks are opposing Apple Pay as well. A new collaboration between the country’s three biggest banks will shake up things by quite a margin. If their approval is granted, the institutions will negotiate with Apple to install their own mobile payment solutions on....
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,....