[2014-10-24] Payments Veterans Discuss Bitcoin vs Apple Pay at NY Law Conference

cr1776

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Quote from: H.W.Z on October 24, 2014, 06:03:16 PM

Quote from: Wekkel on October 24, 2014, 05:10:57 PM

It just ties your plastic card to a payment machine. Google Wallet does this already for multiple years. Reggie Middleton has some interesting remarks in this respect: https://www.youtube.com/watch?v=NC5qyjOTf0s

but they are not successfully adopted by mass. I believe why Apple picks up this again and repackages it to its specially designed hardware is that they see this as an great opportunity.

I agree. Like with MP3 players, phones etc. And it does offer value in terms of protected card numbers, having to carry fewer cards, ease of use etc.

H.W.Z

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Quote from: Wekkel on October 24, 2014, 05:10:57 PM

It just ties your plastic card to a payment machine. Google Wallet does this already for multiple years. Reggie Middleton has some interesting remarks in this respect: https://www.youtube.com/watch?v=NC5qyjOTf0s

but they are not successfully adopted by mass. I believe why Apple picks up this again and repackages it to its specially designed hardware is that they see this as an great opportunity.

Wekkel

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yes

It just ties your plastic card to a payment machine. Google Wallet does this already for multiple years. Reggie Middleton has some interesting remarks in this respect: https://www.youtube.com/watch?v=NC5qyjOTf0s

wardla

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http://www.coindesk.com/payments-veterans-apple-pay-bitcoin/

A common perspective that emerged is that while Apple Pay is not exactly innovative, it will encourage mainstream consumers to embrace mobile payments – a step that needs to take place if bitcoin will ever be more broadly adopted as a currency.

“I don’t think it’s ultimately going to be that transformative from a fees perspective or that it has the same transformative opportunities as bitcoin,” Binick said. “It’s just another player in the value chain rather than eliminating folks from the value chain.”

Topic: [2014-10-24] Payments Veterans Discuss Bitcoin vs Apple Pay at NY Law Conference (Read 1247 times)