Topic: Apple Pay Will Pave the Way for Bitcoin Adoption - page 2. (Read 2505 times)

Good point. Hope more bitcoiners see this thread.

Simply getting people's mindset from the "physical" to the "virtual" was a huge obstacle for Bitcoin that will begin to dissolve, thanks to Apple.   That alone is monumental, in my opinion.

-B-

Sure this will be huge if Apple did implement bitcoin, but I don't think they will. This app has been devloped with the big banks and credit card companies in mind. http://www.cryptocoinsnews.com/apple-pay-financial-establishments-last-stand-bitcoin/

Here's hoping apple implements bitcoin into their apple pay.

Anyone else who finds the article confusing? Does he suggest Bitcoin is Napster and Applepay iTunes? Or is everything now Napster but then - after further development sparked by Applepay - Crypto iTunes?

That's to be expected of anything like this. They'll come around eventually, but hopefully it will have paid off for us getting in when we did.

The tone of the media is certainly becoming more and more positive with every day that passes.

It is not Apple Pay that we need, we need all phone manufacturers to embed a NFC chip inside their phones. Once we have the contactless capability, bitcoin clients can move in and takeover the rest.

Sounds like someone has listened to a few of Andreas' talks

Apple Pay is something like SDK, you still need to use card processing like Stripe (so nothing new for merchant, still 2.9%+0.3$, banks, waiting days for payment, chargebacks and etc...), Apple just verifies card and adding it to Passbook, after that all processing is between payment processor and your phone. I think this is good for Bitcoin. Mobile payments and Bitcoin made for each other, so when people starts use one will be easy to implement other.

There are already several apps available in the app store that allow for people so spend bitcoin via the phone (wallet apps).

I do like your logic in saying that if people are comfortable paying for things when their phone when credit cards are used then it would likely spill over to spending their money with their phone when bitcoin is involved. When you look at it that way I would not be surprised if apple pay does cause bitcoin adoption by iPhone users to increase

The problem is that apple doesn't provide a reliable bitcoin payment platform for customers as apple pay. Other bitcoin payment processing company has to build his own payment app based on apple's new development kit. The usibility and credibility of the bitcoin apps rely on their creators' company. Whether the adoption rate of bitcoin will be pushed is still a question.

This is a great news. Apple has a pretty large userbase so I am sure that future is very bright for bitcoins.

I agree. The real effect is down the road a little. Like much of the recent news. The next few years will be good

Contrary to what many people may think, I believe that Apple Pay is a stepping stone to worldwide digital currency adoption. What other company could get so many millions upon millions of users into the digital currency space so quickly? Apple.

After that happens, it's only one step further to add Bitcoin to the applications which are used to pay and accept Apple Pay payments.

If every store is accepting Apple Pay, then all that needs to be done is create an app that goes on your iPhone 6/Apple Watch to pay using Bitcoin. And suddenly all that work that Apple has invested in getting a MASSIVE adoption of their hardware to use Apple Pay can be used by mainstream to pay with Bitcoin. It's like they created our bitcoin payment device for us. No more special hardware required, like Trezor, etc. Of course these devices will be used by the more hardcore of the bitcoin community because they will undoubtedly be cheaper in transaction fees. But the objective here is massive adoption, and Apple can accomplish that at a rapid rate.

Apple has released the payment libraries (development kit) for coders and allows bitcoin apps to be made. So the Bitcoin payment apps that interface with Apple Pay will be here very soon I suspect.

The next step after that will be the further mainstream adoption of regular (non-Apple Pay) bitcoin apps (to avoid the inevitable Apple fees). This will occur as Bitcoin gets adopted more widely.

The eventual separation from Apple Pay is inevitable, but I believe Apple Pay will be a stepping stone to the mainstream adoption of Bitcoin by familiarization with digital currency and, when Bitcoin apps are made, the actual use of such as well.

After all, my grandma might not download the blockchain.info wallet, but she will own and use an iPhone.