Apple Pay vs Bitcoins - page 4. | Bitcointalksearch.org

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legendary

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Quote from: dreamer81 on October 07, 2016, 01:48:38 AM

Quote from: MyBTT on October 06, 2016, 11:59:17 PM

Easy.

1. Using the lightning network, transactions will confirm instantly.
2. Generating the transaction on the phone and sending the hash to the terminal which is confirmed

This will take less than 3 seconds.

Then the terminal broadcasts the TX.

Sorry, as my rank says, i'm a newbie. What is the lightning network???

The lightning network is a new upcoming update to the network that will allow transactions to certain people that you specifically set to instantly be confirmed. So the transaction will not only be instant, but the first confirmation will be too. I'm not too familiar with the system, though.

xuan87

legendary

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well it is true that bitcoin weakness is the transaction speed, however most of the user includes me not only see that things, the one that we like about bitcoin is anonymity, does your apple pay able to do that? and then bitcoin can become investment, so yes transaction speed is a problem for bitcoin user, but there are development to make bitcoin payment faster

Wendigo

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Does Apple Pay even work in Europe? Not that I am running an iPhone but I have the impression that like 80% of the people here are using Androids and mostly Samsungs. I know that Samsung are developing their own payment app so Apple Pay is not the only player on the market. Anyways if you are paying on a POS terminal you could just use your Bitcoin debit card as well without a problem.

raven7886

legendary

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Never heard about apple pay and buying digital goods through that. which site support apple pay?
BTW the transaction time make sucks some time..

Quote from: n691309 on October 06, 2016, 05:11:48 PM

Quote from: Doamader on October 06, 2016, 05:06:52 PM

Quote from: n691309 on October 06, 2016, 04:48:22 PM

Quote from: dreamer81 on October 06, 2016, 02:22:29 PM

When you go into a store and want to buy goods. You can either wave your apple watch og iphone at a terminal at the register. It will take you around - 3 seconds.

Or you can pull out your smartphone. Log into your wallet. Scan someones 2D bitcoin code. Send them some bitcoins, wait for the transaction to be verified, and then take your goods and go.. total time 10mins +

Can someone tell me how bitcoins will ever stand a chance?

Do you want a perfect combination? Link your bitcoin debit card with you apple pay account and you can easily spend the bitcoins in 2 seconds if you want, of course maybe there will be a very small fee but i think it worth.

The big issue around those debit card is the fee that i believe is high, besides that you will need to have some coins to be able to go shopping with such card, i had heard some stories about people using a debit card anywhere, using their bitcoins balance to pay merchants, this is the future for sure.

Basically using these bitcoin debit cards in POS usually doesn't have any limit and any fee, but what we can't expect is the exchange rate btc to usd which here the company can get most of their profit.

correct because bitcoin debit cards acutally don't have bitcoins. they have USD.. when you fill a card with bitcoin the company take these bitcoins and fill your cards with usd and of course that reduce it's fees. that's why it will become little costly. but it makes us able to shop online with bitcoins and it is not bad.

arcanaaerobics

sr. member

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Have a lot of altcoins with a better "time" than the bitcoin, however apple or any other giant will never accept bitcoin, and that's where bitcoin will never have a chance.
Well, you can create a Store that accept bitcoin and try to earn some money Wink

btvGainer

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Quote from: dreamer81 on October 06, 2016, 02:22:29 PM

When you go into a store and want to buy goods. You can either wave your apple watch og iphone at a terminal at the register. It will take you around - 3 seconds.

Or you can pull out your smartphone. Log into your wallet. Scan someones 2D bitcoin code. Send them some bitcoins, wait for the transaction to be verified, and then take your goods and go.. total time 10mins +

Can someone tell me how bitcoins will ever stand a chance?

No one says bitcoin is the only solution or better method of payment.Bitcoin has its own advantages and also flaws.Similarly other payment methods also have pros and cons.I am not for bitcoin monopoly.There must always be more than one method of payment available

rinhunter

hero member

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I've never heard Apple Pay in my country, but using Bitpay payment gateway we don't need to wait confirmation.
you can see this video, that guy add steam wallet with Bitcoin and the transaction is very fast.

https://www.youtube.com/watch?v=Nvz4o10fGFI

LFC_Bitcoin

legendary

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Apple Pay is still just fiat money though isn't it so all the problems of the fiat system are still prevelent there.

Bitcoin & its infrastructure will massively improve as time goes on, confirmations will become quicker.

Barbut

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Apple is good company, but their phones and applications are good for some countries, for many other countries you can`t use them or don`t
have where to use them. Simple apple is concentrated on some parts of this world, and to be honest apple is to expensive for my pocket.
Time of confirming transaction is a little problem for everyone, but that will be fixed one day I think. On global plan I think bitcoin have much
higher chances for success then apple, that is my opinion. For example apple was always for people who can afford really expensive gadgets, in
this world there is more poor then rich people.

okbaby123

newbie

Activity: 33

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Apple Pay with more users currently

While Bitcoin with little users compared to Apple Pay

Yutikas_11920

hero member

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I do not know about it, but I have confidence that the technology will in the future bitcoin far more profitable than the technology that has emerged now as Apple Watch. because it is the advantage that we can get in the bitcoin is much larger than the real currency or other digital

tiggytomb

legendary

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Apple pay and Android pay is available in my country at least, it is true that bitcoin payments take a bit of time but there are a couple of apps / coins that go around this.

Plutus is one I think and there are a couple of others, they allow you to use contactless paypoints and they will exchange the bitcoin to fiat behind the scenes so as far as the merchant is concerned you are paying using the local currency.

I have not tried any of these, I just came across them in the forum.

dreamer81

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Quote from: MyBTT on October 06, 2016, 11:59:17 PM

Easy.

1. Using the lightning network, transactions will confirm instantly.
2. Generating the transaction on the phone and sending the hash to the terminal which is confirmed

This will take less than 3 seconds.

Then the terminal broadcasts the TX.

Sorry, as my rank says, i'm a newbie. What is the lightning network???

dreamer81

sr. member

Activity: 616

Merit: 252

Quote from: n691309 on October 06, 2016, 04:48:22 PM

Do you want a perfect combination? Link your bitcoin debit card with you apple pay account and you can easily spend the bitcoins in 2 seconds if you want, of course maybe there will be a very small fee but i think it worth.

A bitcoin debit card? Is there even such a ting? It goes totally against the decentralization principle of bitcoin. The idea should be investigated though, but i dont see it happening.

Imagine a terminal that communicates with NFC, that could talk to a bitcoin app on your phone?

MyBTT

sr. member

Activity: 378

Merit: 250

Easy.

1. Using the lightning network, transactions will confirm instantly.
2. Generating the transaction on the phone and sending the hash to the terminal which is confirmed

This will take less than 3 seconds.

Then the terminal broadcasts the TX.

Snorek

legendary

Activity: 1400

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Quote from: n691309 on October 06, 2016, 04:48:22 PM

Quote from: dreamer81 on October 06, 2016, 02:22:29 PM

When you go into a store and want to buy goods. You can either wave your apple watch og iphone at a terminal at the register. It will take you around - 3 seconds.

Or you can pull out your smartphone. Log into your wallet. Scan someones 2D bitcoin code. Send them some bitcoins, wait for the transaction to be verified, and then take your goods and go.. total time 10mins +

Can someone tell me how bitcoins will ever stand a chance?

Do you want a perfect combination? Link your bitcoin debit card with you apple pay account and you can easily spend the bitcoins in 2 seconds if you want, of course maybe there will be a very small fee but i think it worth.

It is not worth it, it is temporary solution and frankly bitcoin was not invented to be supplementary pseudo-currency usable only with current banking tech.

We should be aiming for direct adoption, and it will be possible in the future with SegWit, Lightning Network and possible other protocol upgrades transactions will be confirmed faster.

mobnepal

legendary

Activity: 1218

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Haven't heard about apple pay before or there is no store over here which accept payment via apple pay here atleast i can use my bitcoin debit card to cashout or pay for my goods in my nearby store. So in this case bitcoin wins over apple pay, if you don't like to wait while paying with bitcoin pay with bitcoin debit card in POS without waiting for any coinfirmation.

xIIImaL

legendary

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Quote from: philiveyjr on October 06, 2016, 06:01:31 PM

While I haven't used Apple Pay, but whats the fees they have for transactions ? I would imagine it to be around what paypal has on theirs ?

However Apple pay or PayPal. Fees and taxes would be there on every purchase via that. Using bitcoin wallet and buying the physical products would be best option if Incase it comes in future. It would be very fast and easy to make the payment.

shinratensei_

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Quote from: dreamer81 on October 06, 2016, 02:22:29 PM

When you go into a store and want to buy goods. You can either wave your apple watch og iphone at a terminal at the register. It will take you around - 3 seconds.

Or you can pull out your smartphone. Log into your wallet. Scan someones 2D bitcoin code. Send them some bitcoins, wait for the transaction to be verified, and then take your goods and go.. total time 10mins +

Can someone tell me how bitcoins will ever stand a chance?

Okay, but just waiting for the lightning network is be able for we are made the zero transaction. but may your true? but using bitcoin debit card is already easy and I think it's really fast. but discussing bitcoin isn't only the speed about the transaction.

philiveyjr

legendary

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While I haven't used Apple Pay, but whats the fees they have for transactions ? I would imagine it to be around what paypal has on theirs ?

Topic: Apple Pay vs Bitcoins - page 4. (Read 2895 times)