Not the end, since its only exclusive for iPhone users, while there are more android phone users these days base on statistics. Bitcoin is for the masses while Apple Pay is not.
And who would trust Apple facilities if it has fundamental security flaw? It is not safe to store personal data on iPhone most especially credit card information because it can easily breached.
Topic: is this the end of Bitcoin & Altcoin dream ????, Apple introduced "Apple PAY" - page 2. (Read 3047 times)
September 09, 2014, 08:55:23 PM
September 09, 2014, 08:39:58 PM
I know a grand total of three people with Iphones. Contactless payment is everywhere where I am. I've never actually seen a real transaction take place with it yet.
so it is like bitcoin
September 09, 2014, 08:23:36 PM
Apple Pay will have to be scrutinized to the core, this is in light to every security issue that have been brought forth us over the past couple of years.
1. NSA PRISM
2. Recent iCloud Breach.
3. It was not more than 60days ago that a researcher pointed out a Backdoor among all Apple Devices (some claim it was a part of FCC ruling).
Keep an open mind about these, There will always be people who know more than i do.
I for one, would think twice before adding my CC to Apple Pay, at least for a couple of months, to get most of the issues sorted out.
The above issues is a section of reasons why the BTC wallets didnt take off that much...get from this what you will.
1. NSA PRISM
2. Recent iCloud Breach.
3. It was not more than 60days ago that a researcher pointed out a Backdoor among all Apple Devices (some claim it was a part of FCC ruling).
Keep an open mind about these, There will always be people who know more than i do.
I for one, would think twice before adding my CC to Apple Pay, at least for a couple of months, to get most of the issues sorted out.
The above issues is a section of reasons why the BTC wallets didnt take off that much...get from this what you will.
September 09, 2014, 08:17:57 PM
I think it's very nice of Apple to get people used to paying for things with their cellular phones. The transition to using Bitcoin will be a very seamless next step for the masses.
+1 September 09, 2014, 07:25:59 PM
You would need an iphone, so............ no.
September 09, 2014, 06:22:28 PM
end? i only see upside from this
September 09, 2014, 06:19:32 PM
I think it's very nice of Apple to get people used to paying for things with their cellular phones. The transition to using Bitcoin will be a very seamless next step for the masses.
September 09, 2014, 05:49:56 PM
My ATM card has NFC; why would i need an Iphone to pay...
September 09, 2014, 04:10:51 PM
wait until it gets hacked...ha ha
"The company doesn’t store your card number on your phone or in iCloud. Instead, Apple uses what it calls the “Secure Element,” an encryption method that disguises your payment information. Apple Pay generates a number for one-time use—and the same goes for the security code on the back of your credit or debit card. When you hold your phone to a store’s NFC sensor to pay, the cashier can’t see your card number, security code, or even your name."
Will Apple let people use Apple PAY on Android? I doubt it.
Why would it? Google Wallet (on Android) is a competitor, yet "Google Wallet was designed to do something similar to Apple Pay for Android phones, but wireless carriers shunned it in favor of backing their own NFC-enabled Softcard app (formerly known as Isis)". September 09, 2014, 04:10:44 PM
Looks quite interesting but it won't kill Bitcoin or any other crypto currency.
Too many people nowadays want to buy/sell/mine coins for this to happen; they want to hold onto the dream that one day they'll make a fortune. These people don't want coins from a stupid appstore. They don't want to line Apple's ridiculously bloated pockets any further.
And if they want anonymity, Apple is probably the last place they would go looking. Jesus H. Fucking Christ on a bike..... doesn't Jennifer Lawrence have nice tits?
Too many people nowadays want to buy/sell/mine coins for this to happen; they want to hold onto the dream that one day they'll make a fortune. These people don't want coins from a stupid appstore. They don't want to line Apple's ridiculously bloated pockets any further.
And if they want anonymity, Apple is probably the last place they would go looking. Jesus H. Fucking Christ on a bike..... doesn't Jennifer Lawrence have nice tits?
September 09, 2014, 04:09:13 PM
I was in japan and this is very common. It has been common for the past 15 years I think
Same about South Korea, paying this way a lot when I'm there.
It's just another Paypal. In short; no.
PayPal is going to make Bitcoin popular ironically
https://twitter.com/PayPal/status/509053601541787648
If you can't beat them, join them, eh?
September 09, 2014, 04:08:39 PM
Will Apple let people use Apple PAY on Android? I doubt it.
Businessinsider says Android has a 78% share of all users globally. Apple's iOS had just 18%
http://www.businessinsider.com/iphone-v-android-market-share-2014-5
Cnet says Android has a 51.5 percent US market share, and Apple's iOS trails with 42.4 percent.
http://www.cnet.com/news/android-loses-some-us-market-share-but-remains-top-dog/
Businessinsider says Android has a 78% share of all users globally. Apple's iOS had just 18%
http://www.businessinsider.com/iphone-v-android-market-share-2014-5
Cnet says Android has a 51.5 percent US market share, and Apple's iOS trails with 42.4 percent.
http://www.cnet.com/news/android-loses-some-us-market-share-but-remains-top-dog/
September 09, 2014, 04:07:19 PM
I was in japan and this is very common. It has been common for the past 15 years I think
Same about South Korea, paying this way a lot when I'm there.
It's just another Paypal. In short; no.
PayPal is going to make Bitcoin popular ironically
https://twitter.com/PayPal/status/509053601541787648
September 09, 2014, 03:57:05 PM
It's just another Paypal. In short; no.
September 09, 2014, 03:54:26 PM
I know a grand total of three people with Iphones. Contactless payment is everywhere where I am. I've never actually seen a real transaction take place with it yet.
September 09, 2014, 03:52:18 PM
No haha. This is not the first time something like this has been introduced.
To my knowledge these sort of "virtual wallets" where available for a long time, with not real impact on bitcoin or altcoins...
To my knowledge these sort of "virtual wallets" where available for a long time, with not real impact on bitcoin or altcoins...
I was in japan and this is very common. It has been common for the past 15 years I think
September 09, 2014, 03:49:20 PM
Not concerning in the least. Fuck Apple
September 09, 2014, 03:39:34 PM
wait until it gets hacked...ha ha
September 09, 2014, 03:27:28 PM
ApplePay isn't a Bitcoin Killer
Yeah I didn't mean to say it's a Bitcoin killer
And PayPal: http://techcrunch.com/2014/09/08/paypal-braintree/
Seems like Bitcoin is going to be introduced to the masses via PayPal?
September 09, 2014, 03:25:39 PM
It's definitely going to be a whole lot more popular than Bitcoin
Bitcoin capitalization is only $6.2 billion and estimated to be 1-2 million users.
ApplePay will be integrated into every future Apple phone (146 million sold so far) and they already have full support from Visa / Mastercoin and merchants like Subway, McDonalds, Disney, Walgreens, Macy's, Sephora
ApplePay isn't a Bitcoin Killer - from what I read it is a layered interface which just obfuscates your Credit / Debit card information so identity theft is less likely to occur. This could definitely rival PayPal or even replace it - who will use PayPal if I can use ApplePay instead and never have to worry about my identity being compromised?
As well I can actually use ApplePay at grocers like Walgreens, can't do that with PayPal or Bitcoin.
The problem with Bitcoin is 99.9999% of the offline merchants so far have been ethnic restaurants, marijuana shops, tattoo parlors or luxury car dealerships.. Bitcoin is useless for me as I can't spend it anywhere except online for computer hardware.
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