It's interesting how apple likes to play it off like they pulled off something innovative
Topic: "Apple Pay" - page 2. (Read 7755 times)
NFC has been mainstreamed and has been in use in countries like japan and S korea since the 90s.
It's interesting how apple likes to play it off like they pulled off something innovative
It's interesting how apple likes to play it off like they pulled off something innovative
The smaller their slice of the pie is, the less likely that retailers are going to be interested in accommodating applepay.
They doesn't even hold the majority of the smartphone market, so not "almost everyone" will have the AP functionality. It doesn't seem to be a treat for either cryptocurrency or paypal especially considering paypal has been around for a long time. I, for one, don't care to swap to Apple just to get this feature.
They doesn't even hold the majority of the smartphone market, so not "almost everyone" will have the AP functionality. It doesn't seem to be a treat for either cryptocurrency or paypal especially considering paypal has been around for a long time. I, for one, don't care to swap to Apple just to get this feature.
The technology has been there for a while. I've been using it with my Mastercard for years. Most of the stores supported at launch have even had it for years. Sure, apple adopting NFC payments will help the tech, but it's success isn't their victory alone. If anything they are somewhat late to the mobile payments party.
NFC has been around for years and failed, i doubt AP is going to change anything.
The technology has been there for a while. I've been using it with my Mastercard for years. Most of the stores supported at launch have even had it for years. Sure, apple adopting NFC payments will help the tech, but it's success isn't their victory alone. If anything they are somewhat late to the mobile payments party.
Did anyone know exactly how did the double spend occured in Apple Pay system. 
It is not really a double spend in the same way that double spends occur in bitcoin terminology. The risk to merchants accepting credit cards (including apple pay) is that the buyer later disputes the transaction with their credit card company and such disputes have a very low threshold for the consumer to "win" so if the merchant wants to get their money they will need to sue the consumer to recover their lost revenue, which is something that is not efficient and very time consuming
Did anyone know exactly how did the double spend occured in Apple Pay system.
I havent used this one yet and I havent read any complaints about this either.
Bank of America is implementing Apple Pay into their system.
Bad news for paypal and btc.
Several major banks are supporting apple pay, announced as much the day after apple announced the new iPhone. They are also advertising as much very heavily. Bad news for paypal and btc.
I don't think apple pay will have a huge negative effect on bitcoin as it will have the same costs that traditional credit cards have.
Bank of America is implementing Apple Pay into their system.
Bad news for paypal and btc.
Bad news for paypal and btc.
I, certainly, see Apple Pay as a threat to cryptocurrencies being used for in-person transactions. This will do nothing to effect their attractiveness for online payment and low-fee money transfers though.
There are still very high costs associated with paying via credit cards (which is how you transact with apple pay) therefore consumers will need to pay higher prices as a result of using apple pay. The only real advantage to using apple pay over using a credit card by swiping the card is the fact that your chances of having your card number stolen is reduced, however this is really nothing more then an inconvenience as most credit card companies will not hold you liable for anything in the event of credit card fraud on your account
Just transferring the security problem elsewhere.
What about the loss and theft of the apple device then? Will the owner be liable for all the payment made after loss?
I, certainly, see Apple Pay as a threat to cryptocurrencies being used for in-person transactions. This will do nothing to effect their attractiveness for online payment and low-fee money transfers though.
It is a treat as long as the common folk dont see a real usage for BTC. Beyond the use of microtransactions and international payments.. the common folk don't really need BTC right now, so they might as well stick to FIAT+Apple Pay.
Exactly why this and other new technology coming out will destroy bitcoin
I, certainly, see Apple Pay as a threat to cryptocurrencies being used for in-person transactions. This will do nothing to effect their attractiveness for online payment and low-fee money transfers though.
There are still very high costs associated with paying via credit cards (which is how you transact with apple pay) therefore consumers will need to pay higher prices as a result of using apple pay. The only real advantage to using apple pay over using a credit card by swiping the card is the fact that your chances of having your card number stolen is reduced, however this is really nothing more then an inconvenience as most credit card companies will not hold you liable for anything in the event of credit card fraud on your account
Just transferring the security problem elsewhere.
What about the loss and theft of the apple device then? Will the owner be liable for all the payment made after loss?
I, certainly, see Apple Pay as a threat to cryptocurrencies being used for in-person transactions. This will do nothing to effect their attractiveness for online payment and low-fee money transfers though.
There are still very high costs associated with paying via credit cards (which is how you transact with apple pay) therefore consumers will need to pay higher prices as a result of using apple pay. The only real advantage to using apple pay over using a credit card by swiping the card is the fact that your chances of having your card number stolen is reduced, however this is really nothing more then an inconvenience as most credit card companies will not hold you liable for anything in the event of credit card fraud on your account
Apple Pay is just another copied idea by Apple that will inevitably become popular due to the popular appeal of the Apple brand name.
I see Apple pay as a non event. Who cares maybe im bias since i have a diffrent phone then an Apple.
I, certainly, see Apple Pay as a threat to cryptocurrencies being used for in-person transactions. This will do nothing to effect their attractiveness for online payment and low-fee money transfers though.
It is a treat as long as the common folk dont see a real usage for BTC. Beyond the use of microtransactions and international payments.. the common folk don't really need BTC right now, so they might as well stick to FIAT+Apple Pay.
I, certainly, see Apple Pay as a threat to cryptocurrencies being used for in-person transactions. This will do nothing to effect their attractiveness for online payment and low-fee money transfers though.
I suppose the competition on cc is a good thing. But I am still a bit 'meh' about the whole thing.
I see Apple Pay being a success becuase its based on normal money after all, and has the whole Apple trademark propaganda thing which is insanely popular, while Bitcoin keeps stagnating because it fails to deliver itself as useful and worth the time for the average Joe. Hope im wrong tho.
I suppose the competition on cc is a good thing. But I am still a bit 'meh' about the whole thing.
I guess you need to have money on your apple pay account or to have it connected with credit card and bitcoin comes in as a means of adding funds into apple pay account.
You don't actually have a "balance" on your apple pay account. When you use apple pay you are essentially doing the same thing as swiping your credit card, except it is somewhat more secure as your card number is encrypted the entire time from your phone until it reaches visaYou are actually paying apple to swipe your credit card.
Apple levies transaction fees on top of the charges levied by the credit companies.
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