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Topic: Apple Pay and BTC (Read 2089 times)

legendary
Activity: 2954
Merit: 4158
January 30, 2015, 06:04:29 AM
#36
Correct me, if I am wrong, but is Apple Pay not just putting your credit card data on your iPhone.
Seriously, that is the innovation Apple does nowadays?
Apple Pay "potentially" be safer than normal credit cards, if someone gets your credit card, they can easily steal your funds in the card. With apple pay, they need to first authorise the payment with a fingerprint although it won't be alot more safer since the fingerprint sensors is pretty bad. Some sources cited that lower fees would be incurred if apple pay is used to purchase the product.
Why do people still believe a fingerprint is a good password? A thief might even be able to get a fingerprint from the iPhone itself.
That is no security at all.

Most probably because apple pay could be used with more convenience as no pin would be needed. If you lose your phone, I believe there is a place to delete the card info. IF you are fast enough before the hacker exploit the phone.
hero member
Activity: 714
Merit: 500
January 30, 2015, 05:55:55 AM
#35
Correct me, if I am wrong, but is Apple Pay not just putting your credit card data on your iPhone.
Seriously, that is the innovation Apple does nowadays?
Apple Pay "potentially" be safer than normal credit cards, if someone gets your credit card, they can easily steal your funds in the card. With apple pay, they need to first authorise the payment with a fingerprint although it won't be alot more safer since the fingerprint sensors is pretty bad. Some sources cited that lower fees would be incurred if apple pay is used to purchase the product.
Why do people still believe a fingerprint is a good password? A thief might even be able to get a fingerprint from the iPhone itself.
That is no security at all.
legendary
Activity: 2954
Merit: 4158
January 30, 2015, 05:38:54 AM
#34
Correct me, if I am wrong, but is Apple Pay not just putting your credit card data on your iPhone.
Seriously, that is the innovation Apple does nowadays?
Apple Pay "potentially" be safer than normal credit cards, if someone gets your credit card, they can easily steal your funds in the card. With apple pay, they need to first authorise the payment with a fingerprint although it won't be alot more safer since the fingerprint sensors is pretty bad. Some sources cited that lower fees would be incurred if apple pay is used to purchase the product.
newbie
Activity: 49
Merit: 0
January 30, 2015, 04:57:01 AM
#33
It's two different playing field. One a payment system and another a currency. So no matter what bitcoin will always have a certain level of advantage which apple pay will not be able to grab hold on.

I have to agree here. Apple Pay is a completely different animal.
hero member
Activity: 714
Merit: 500
January 30, 2015, 03:52:28 AM
#32
Correct me, if I am wrong, but is Apple Pay not just putting your credit card data on your iPhone.
Seriously, that is the innovation Apple does nowadays?
full member
Activity: 168
Merit: 100
January 30, 2015, 03:35:36 AM
#31
I don't think that Bitcoin will "loose". Apple Pay is just another payment system and has nothing to do with how Bitcoin works. Apple Pay is under centralized control, Bitcoin isn't.
donator
Activity: 1616
Merit: 1003
January 30, 2015, 02:50:54 AM
#30
Can you receive money with Apple Pay?

It would be a real pain in the ass to accept payments through Apple Pay

http://www.businessnewsdaily.com/7230-how-to-accept-apple-pay.html

sr. member
Activity: 420
Merit: 250
Ever wanted to run your own casino? PM me for info
January 29, 2015, 03:45:27 PM
#29
There is zero way the apple payment system will catch on. It's locked into a small percentage of the smartphone ONLY marketshare, not usable on computer or anything else, and there are some countries where iphones are not possible to obtain and too expensive to afford. The reason bitcoin will surpass it is becasue it is not locked to any device, and it can be developed for any new device and not locked or controlled by a centralized entity. There is no comparison between the two.
sr. member
Activity: 324
Merit: 250
January 29, 2015, 03:41:49 PM
#28
If anything Apple Pay will introduce mobile payments as an accepted medium, which is good for Bitcoin.

Once paying on your cell phone is the norm, BTC latches onto all Android phones (which nearly double or triple iPhone marketshare), and dominate the market.

So bring it on Apple Pay.   Grin

I hadn't thought of this. Maybe they could implement paying with bitcoin at some point too? They can still take their cut and after all bitcoin still needs payment processors and having Apple involved would be great for adoption, though I can't really see Apple dealing with bitcoin sadly but we can hope.
sr. member
Activity: 252
Merit: 250
January 29, 2015, 03:41:07 PM
#27
...

I heard on TV this morning that Apple had a huge quarter, selling LOTS of iPhones.  I also have been seeing retailers here-and-there accepting Apple's payment system.  Unfortunately I know nothing about Apple's new system

Apple's payment system seems to catching on!  What kind of risks does AAPL provide re Bitcoin's ecosystem?

Once one "new thing" catches on big, that first mover has a tremendous advantage.  First player advantage.  

Will BTC lose to Apple?

Apple Pay is not inteded to be an widely accepted payment system, because it's tied to no more than 11.7% of smartphones market share. On the other side, Bitcoin can run in iOS, Android and BlackBerry. So, who has more potential?

So, if there is some competitor here, it's not Apple Pay. It's Google Wallet.
sr. member
Activity: 448
Merit: 250
January 29, 2015, 03:40:25 PM
#26
You have to give credit to Apple to have that "black magic" used when using technologies that existed before but which no one spoke about and turn them into things for mass use.

So true, what have they actually invented in the last few decades...
Apart from itunes (notaware of any other online music store before that), but its still a horrible program.
 
Did they come out with the first fully touch screen smart  phone maybe?
legendary
Activity: 3374
Merit: 1824
January 29, 2015, 03:26:28 PM
#25
If anything Apple Pay will introduce mobile payments as an accepted medium, which is good for Bitcoin.

Once paying on your cell phone is the norm, BTC latches onto all Android phones (which nearly double or triple iPhone marketshare), and dominate the market.

So bring it on Apple Pay.   Grin

If this really happen, this will be great for BTC, its popularity and help us spread to many millions people in the world.
Hoping the best Smiley
After Apple I'm sure many other ''big'' companies will follow.
This can also help that price of BTC start to rise again.
legendary
Activity: 1610
Merit: 1183
January 29, 2015, 02:53:11 PM
#24
You have to give credit to Apple to have that "black magic" used when using technologies that existed before but which no one spoke about and turn them into things for mass use.
hero member
Activity: 1372
Merit: 783
better everyday ♥
January 29, 2015, 09:20:16 AM
#23
If anything Apple Pay will introduce mobile payments as an accepted medium, which is good for Bitcoin.

Once paying on your cell phone is the norm, BTC latches onto all Android phones (which nearly double or triple iPhone marketshare), and dominate the market.

So bring it on Apple Pay.   Grin
legendary
Activity: 2954
Merit: 4158
January 29, 2015, 09:13:23 AM
#22
If you want to use Apple Pay, you need to get their ridiculously overpriced phone or a apple watch(not yet released) etc. Not everyone have money to afford these, you can use a cheap $100 phone to use Bitcoin with much much lower fees. A card with paywave/paypass compatibility could easily be as convenient as apple pay.
sr. member
Activity: 415
Merit: 250
January 29, 2015, 08:59:49 AM
#21
Maybe Apple Pay will integrate Bitcoin as a payment option down the track? Smiley

SendChat already thought of that

https://bitcointalksearch.org/topic/sendchat-messaging-app-880647
Q7
sr. member
Activity: 448
Merit: 250
January 29, 2015, 08:58:27 AM
#20
It's two different playing field. One a payment system and another a currency. So no matter what bitcoin will always have a certain level of advantage which apple pay will not be able to grab hold on.
sr. member
Activity: 448
Merit: 250
January 29, 2015, 08:28:59 AM
#19
Apple made more money in the last quarter than any other public company in history - enough money in the last 3 months to buy every person in the USA 1 iphone6 at retail price! holy hell :-s

but in the long term BTC is still on a better position as this NFP system is just an extension of the current status quo system progressing towards a BTC like system. BTC has many more and better features and is way more future proof.

plus im sure that someone will find a nasty hack soon for nfp on iphones causing panic and mistrust in the system :p (not that i wish people to lose their money, but theres no way id trust iphone nfp unless its been safely used (tested) for several years first.

it also gets people used to the idea of paying for things in this type of way, so people would probably use the iphnfp system for a while then would be more prepared/trusting of btc systems in the future.
hero member
Activity: 644
Merit: 500
My goal is becaming a billionaire.
January 29, 2015, 06:38:13 AM
#18
Maybe Apple Pay will integrate Bitcoin as a payment option down the track? Smiley

Big chance yeah , why not Grin
If you can't beat them (Apple cant beat bitcoin) , join them (Apple join bitcoin world).  Roll Eyes
hero member
Activity: 988
Merit: 1000
January 29, 2015, 03:25:35 AM
#17
Maybe Apple Pay will integrate Bitcoin as a payment option down the track? Smiley
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