Topic: Apple introduces new mobile payment service "Apple Pay" (Read 2627 times)
Anyone here actually used Apple Pay?
http://www.idownloadblog.com/2014/09/09/apple-mobile-payments-2/
Do you guys think this might destroy bitcoin?
Quote
It turns out the rumors were true, Apple has been putting together a new mobile payment service, and it introduced it on stage today as “Apple Pay.” The service involves adding your credit cards to Passbook, and waiving your iPhone in front of what looks like an NFC reader to pay for goods and services in-store.
Do you guys think this might destroy bitcoin?
Today news, Apple pay loopholes, about double payment!
There is bug hinted in any system whatever Paypal or Apple Pay, while the security system is safer, however, any payment besides Bitcoin is connected with banks. Once controlled by banks, the payment can't run away from the bank system which is not safer than the block chain of Bitcoin.
I see where your head is at but regulations, chargebacks and insurance make fiat far safer them Bitcoin in the present day. That may change making decentralized the best choice but at least for the meantime it's a fantasy to think otherwise.
There is bug hinted in any system whatever Paypal or Apple Pay, while the security system is safer, however, any payment besides Bitcoin is connected with banks. Once controlled by banks, the payment can't run away from the bank system which is not safer than the block chain of Bitcoin.
http://www.idownloadblog.com/2014/09/09/apple-mobile-payments-2/
Do you guys think this might destroy bitcoin?
Quote
It turns out the rumors were true, Apple has been putting together a new mobile payment service, and it introduced it on stage today as “Apple Pay.” The service involves adding your credit cards to Passbook, and waiving your iPhone in front of what looks like an NFC reader to pay for goods and services in-store.
Do you guys think this might destroy bitcoin?
well unless this apple payment plan does not take bitcoin and only cc payments they are missing the boat on a lot of 3rd world money...ie you pay with bitcoin it is as good as
cash ..no cc checks/applications etc....so if they don't take bitcoin imho or bitpay or whatever via their mobile payment app they are losing lots and lots of folks worldwide
w/o access to banks and or cc options
but what do I know I thought BTC would be like 1.2k usd by now!
Searing
It would be a good thing if Apple incorporated Bitcoin into the wallet pay thing.
That being said, I was disappointed in Apple today. There is nothing in the new iPhone that inspires me to purchase it, and watches are so 80's!
When they come out with something that is actually new, maybe I will be surprised.
That being said, I was disappointed in Apple today. There is nothing in the new iPhone that inspires me to purchase it, and watches are so 80's!
When they come out with something that is actually new, maybe I will be surprised.
Nobody uses apple anymore anyway except tech illiterates
i don't think so, still many who use Apple products, the apple store get a lot of profit from the sale of its application,
so not be surprised if they make the "Apple Pay" Payment service.
Nobody uses apple anymore anyway except tech illiterates
Oh please.
Not to mention - why should that matter? Apple is still a heavily used platform and Bitcoin shouldn't just be aiming to be a currency for technical people.
Nobody uses apple anymore anyway except tech illiterates
I am pretty much ignorant about it. I have not looked into the details, but what I am wondering is if apple is using the blockchain tech to secure a private network. It sounded like the basics are that apple is setting up a public/private key system to enable its customers to make purchases and verify without divulging any personal information (information tied to the traditional banking system) .
Does anyone know if that is the case?
Does anyone know if that is the case?
From what I've seen it just looks like it's using NFC and storing the required payment credentials on your phone. I definitely haven't even seen a hint of any blockchain technology being used.
I am pretty much ignorant about it. I have not looked into the details, but what I am wondering is if apple is using the blockchain tech to secure a private network. It sounded like the basics are that apple is setting up a public/private key system to enable its customers to make purchases and verify without divulging any personal information (information tied to the traditional banking system) .
Does anyone know if that is the case?
Does anyone know if that is the case?
Not too sure about it destroying bitcoin as they are two completely different things however I do believe that they could be strong competition for PayPal. Not too sure I would be ready to use Apple Pay though yet until I knew it was truly safe.
To somebody who's familiar with Bitcoin, yes. Unfortunately to the greater population it will look like Apple improved upon the concept and delivered something better - and unfortunately for the end user in most use case scenarios they would be right. Sure, Apple isn't providing a decentralized product but the average person doesn't give a damn about that - they just want a convenient way to spend their money and today Apple delivered that in spades.
Maybe that's why Paypal is going to accept BTC.
PayPal is not going to take this sitting down. They will offer a superior product that is also cross platform. If Apple decides to censor them, then off to court we go. They may even offer Bitcoin as part of their solution. The markets were not that impressed. http://finance.yahoo.com/q?s=AAPL.
Now can someone please explain: Why is Apple's credit card security better than Apple's nude selfie security?
Now can someone please explain: Why is Apple's credit card security better than Apple's nude selfie security?
What's the big deal?
My Debit card can do that already. It's called "contactless payments" or something like that.
My Debit card can do that already. It's called "contactless payments" or something like that.
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Do you guys think this might destroy bitcoin?
NFC and Bitcoin is a great combo and apple's adoption will finally drive NFC mainstream (also get people used to paying with their smartphones), so no, not at all
Apple's overwhelming need to proprietize everything it touches might undercut the mainstreaming effect.
Apple Pay is just another way to use your 50 year old Visa and Mastercard credit cards.
It has no relevance to Bitcoin, aside from possibly transitioning the public mentality towards more willingness to go completely "digital", which is only a good thing for Bitcoin.
The less people need to hold their funds in their hands, the better, for Bitcoin.
-B-
It has no relevance to Bitcoin, aside from possibly transitioning the public mentality towards more willingness to go completely "digital", which is only a good thing for Bitcoin.
The less people need to hold their funds in their hands, the better, for Bitcoin.
-B-
http://www.idownloadblog.com/2014/09/09/apple-mobile-payments-2/
Do you guys think this might destroy bitcoin?
No, it certainly will not. Credit cards are already very popular throughout the world, likely more popular then cell phones (let alone iPhones). Apples NFC service/reader will likely be more costly for merchants to use then "traditional" credit cards because apple will be one more "person" involved in the processing of payments. Quote
It turns out the rumors were true, Apple has been putting together a new mobile payment service, and it introduced it on stage today as “Apple Pay.” The service involves adding your credit cards to Passbook, and waiving your iPhone in front of what looks like an NFC reader to pay for goods and services in-store.
Do you guys think this might destroy bitcoin?
I think Apple just come with something not much usefull just to sell more overpriced phones. Oh well.
And no competetion with Bitcoin, it is just less secure credit card
And no competetion with Bitcoin, it is just less secure credit card
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