Apple Pay and BTC | Bitcointalksearch.org

ranochigo

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Quote from: turvarya on January 30, 2015, 05:55:55 AM

Quote from: ranochigo on January 30, 2015, 05:38:54 AM

Quote from: turvarya on January 30, 2015, 03:52:28 AM

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.

turvarya

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Quote from: ranochigo on January 30, 2015, 05:38:54 AM

Quote from: turvarya on January 30, 2015, 03:52:28 AM

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.

ranochigo

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Quote from: turvarya on January 30, 2015, 03:52:28 AM

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.

runningfree

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Quote from: Q7 on January 29, 2015, 08:58:27 AM

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.

turvarya

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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?

TXWA

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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.

Soros Shorts

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Quote from: fryarminer on January 29, 2015, 02:49:33 AM

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

funtotry

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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.

SOAD

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Quote from: ChuckBuck on January 29, 2015, 09:20:16 AM

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.

nachoig

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Quote from: OROBTC on January 28, 2015, 02:34:09 PM

...

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.

gjgjg

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Quote from: pereira4 on January 29, 2015, 02:53:11 PM

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?

Daniel91

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Quote from: ChuckBuck on January 29, 2015, 09:20:16 AM

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

After Apple I'm sure many other ''big'' companies will follow.
This can also help that price of BTC start to rise again.

pereira4

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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.

ChuckBuck

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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

ranochigo

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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.

rememberme

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Quote from: Mobius on January 29, 2015, 03:25:35 AM

Maybe Apple Pay will integrate Bitcoin as a payment option down the track?

SendChat already thought of that

https://bitcointalksearch.org/topic/sendchat-messaging-app-880647

Q7

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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.

gjgjg

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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.

Madness

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