Still no threat detected, Apple Card

acheampong64

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Quote from: Reid on March 26, 2019, 08:37:09 AM

Well thats funny.
Those who I think are wise enough to know the difference between a crypto currency and fiat did not even do their research.

Oh buddy, say it again. Majority if them think any advancements in fiat-based payment systems is a direct killer of Bitcoin but in reality both are completely different with their own exceptionally unique features.

Quote from: Reid on March 26, 2019, 08:37:09 AM

I have never been a supporter of Apple from the start. I hate the selfishness within its project. No sharing and just their own appstore.

It's just about time, Apple will go into extinction like they never existed. I'm sure they're thinking their new protocols will help them fit in the future but sometimes you may even cause earlier what you're trying to prevent.

Quote from: Reid on March 26, 2019, 08:37:09 AM

They might be giving problems to the banks and not us.

That's it, any improvements in fiat-based payments is a threat to their competitors. Bitcoin on the other hand provides investments and payments in addition.

Crypdon

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Who needs apple card when they already have the cash app from dorsey. They should allow btc to be loaded onto this apple card, otherwise it's just reinventing the wheel

magneto

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Quote from: ghermghuda on March 25, 2019, 07:59:41 PM

So there's a whole lotta hoax happening on Twitter that Bitcoin is dead/has been murdered once again since Apple has launched their phone-based credit card and also a compensation plan(cash back) on usage.

Well, what all these people still don't understand is that Bitcoin had supporters even when all the major card companies and banks tried naysaying about BTC. Apple doing that can better be described as they killing mastercard/visa and not Bitcoin.

Apple card is still the Dollar and Bitcoin is still BTC.. that's the difference that keeps us alive lol.

It's the age old comparison between bitcoin and credit cards.

My response has always been that they aren't even comparable. It's literally comparing apples to oranges. One is essentially a debt instrument that gives you credit on demand, the other (BTC) has absolutely nothing to do with the financing of debt, and is just a decentralised currency in its plain form.

If people are telling you that bitcoin will now somehow incur less adoption, or be less utilised as a means of payment simply because Apple is launching their own financial services, then don't listen to them. They aren't even directly competing each other, as they both service completely different needs within the economy. It's a much more valid comparison if you look at traditional banking institution credit cards, vs. apple cards, not decentralised cryptos versus this.

Naida_BR

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These two products are totally different and I really cannot understand why people compare them.
Apple Card is a credit card that may have some limitations (I imagine).
Bitcoin is open source and everyone can use it for their operations around the world without limitations.

livingfree

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I saw this news and many reactions were the same that after controlling the OS industry and smartphone industry, now they are trying to overtake the payment and financial industry through this card of their's.

I didn't know the whole drama that plays on twitter lately because I don't follow such bad news that can make me disappoint. But to be honest, are the people there(twitter) really talks about the death of bitcoin? People who have been an apple fan would surely avail this.

Zadicar

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Quote from: Bitinity on March 26, 2019, 03:27:38 AM

The apple card wont give any effect to bitcoin because I think it is just a way for Apple to increase the price of their phone. Bitcoin secure wallet is still better than credit cards or even Apple card. It is not competitor to bitcoin as bitcoin is available for all people as long as they are connected to the internet while Apple Card is only for Apple users.

This is the difference among the two when it comes to accessibility or possible usage for anyone. Apple card or any sorts of Cards out there would be still connected with Fiat system
and we know that it has nothing to do with Bitcoin and the funny part is that they are trying to persuade things about Bitcoin which they havent realized that they do make themselves
laughable on the entire crypto community.

1Referee

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Yawn.

It seems to be a hype for businesses to release their own whatever card with slightly different terms and benefits than what the traditional players within this field offer. I'm not impressed at all, and I am sure that after a while, people will stop talking about this.

Apple is a 'luxury' brand with overpriced/hyped products people have started to shift away from.

Theb

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Apple Card = Credit
Bitcoin = Currency

Why would they even think that a mobile credit card will be competing against Bitcoin who already has a monetary value it's like saying fiat currency will be dead because already have credit cards existing now which isn't even the case. Another thing that makes this rumor dumb is not even half of the world owns an Iphone and not even all of them even has access to the wallet payment service, Apple Pay, they previously have. To top it all there is really nothing innovational on what they did its just that this Apple loyalists thinks that everytime Apple releases something they think that its "out of the world" and unique.

hugeblack

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I see it from a different perspective, which is the prevailing view of the futility of non-Accreditation on banks.
Companies are developing their own payment systems, which is a serious indicator against banks that have so far sought to acquire all payment technologies.

- There is an increase in the use of electronic money, which means that the need for a central bank guarantor of these currencies become less dependent.
- Acceptance of people in the central payment systems and with the opening of trade between countries will impose a kind of adoption of decentralized currencies, which can pay among the world using a single currency.

mrdeposit

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Quote from: ghermghuda on March 25, 2019, 07:59:41 PM

So there's a whole lotta hoax happening on Twitter that Bitcoin is dead/has been murdered once again since Apple has launched their phone-based credit card and also a compensation plan(cash back) on usage.

Well, what all these people still don't understand is that Bitcoin had supporters even when all the major card companies and banks tried naysaying about BTC. Apple doing that can better be described as they killing mastercard/visa and not Bitcoin.

Apple card is still the Dollar and Bitcoin is still BTC.. that's the difference that keeps us alive lol.

New Apple card is without name and CVV code. I don't think loyal Apple customers will be happy even they behave like wow in the presentation of the new card. Bitcoin beats all of them together no matter which company decides to produce a card.

Julunguul

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Quote from: ghermghuda on March 25, 2019, 07:59:41 PM

So there's a whole lotta hoax happening on Twitter that Bitcoin is dead/has been murdered once again since Apple has launched their phone-based credit card and also a compensation plan(cash back) on usage.

Well, what all these people still don't understand is that Bitcoin had supporters even when all the major card companies and banks tried naysaying about BTC. Apple doing that can better be described as they killing mastercard/visa and not Bitcoin.

Apple card is still the Dollar and Bitcoin is still BTC.. that's the difference that keeps us alive lol.

I don't think that Apple Card can kill the growth of Mastercard/Visa, it wont make any sense to me. Those customers so far are still alot out there. While now Apple Card is just been launched, i think this will be hard for them. BTW what is the advantages of Apple Card if compared to Mastercard/Visa ?

vv181

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If we look in a bigger perspective I'm questioning what is actually the real threat for Bitcoin, governments? bankers? strict regulation?. I can barely think none of them instead it is a better alternative for those centralized entities dues to the underlying technologies, and also in term trust Bitcoin is way ahead than conventional currency.

So, I don't think that shitty apple card has any influence or whatsoever to cryptocurrency especially Bitcoin.

Reid

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Well thats funny.
Those who I think are wise enough to know the difference between a crypto currency and fiat did not even do their research.

I have never been a supporter of Apple from the start. I hate the selfishness within its project. No sharing and just their own appstore.
Here we could see that again. The greed comes out from its management.
They might be giving problems to the banks and not us.
It is a good thing though. Now, they are the apple of the eye.

Ranly123

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Quote from: ghermghuda on March 25, 2019, 07:59:41 PM

So there's a whole lotta hoax happening on Twitter that Bitcoin is dead/has been murdered once again since Apple has launched their phone-based credit card and also a compensation plan(cash back) on usage.

Well, what all these people still don't understand is that Bitcoin had supporters even when all the major card companies and banks tried naysaying about BTC. Apple doing that can better be described as they killing mastercard/visa and not Bitcoin.

Apple card is still the Dollar and Bitcoin is still BTC.. that's the difference that keeps us alive lol.

Well, I don't believe on those hoax. Why? It's because until today I am still using my BTC to pay my bills and do some transactions online using it. So, anything they throw against Bitcoin is just neglected by me.

dothebeats

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Cashback 15%

Another 'threat' directed towards bitcoin and crypto that, in reality has not even inflicted even the slightest of damage. This would better be addressed to other payment processors like Visa/Mastercard/other card providers and not really crypto, as there really aren't any central governing bodies affecting the latter and their models are totally different. Besides, this Apple Card would probably be exclusive to owners of Apple products anyhow, so again this is a service being offered to limited number of persons whereas in bitcoin and crypto, at the least, it serves everyone that knows how to use it and where to get it.

alisafidel58

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Apple card only used for Apple products only right? And bitcoin is vastly used by different company and people around the world. The news that bitcoin is dead has been spreading for so many years now (I wonder if they found the body).

Apparently, it's just another hoax that apple user created so that their Apple Card can be known even though you are not an Apple user.

Beerwizzard

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Why da fuck this apple card should have an influence on BTC? Why no one is screaming like that when some other bank (lets say Deutche Bank) is issuing a new debit or credit card.
It is not cryptocurrencies and people do not have to store their money on apple card instead of buying BTC and vice versa.

usorin

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Quote from: ghermghuda on March 25, 2019, 07:59:41 PM

So there's a whole lotta hoax happening on Twitter that Bitcoin is dead/has been murdered once again since Apple has launched their phone-based credit card and also a compensation plan(cash back) on usage.

Well, what all these people still don't understand is that Bitcoin had supporters even when all the major card companies and banks tried naysaying about BTC. Apple doing that can better be described as they killing mastercard/visa and not Bitcoin.

Apple card is still the Dollar and Bitcoin is still BTC.. that's the difference that keeps us alive lol.

You couldn't say it better. Straight to the point. Without proper documentation there is the risk to assimilate those two together even when they are completely different.

Bitinity

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The apple card wont give any effect to bitcoin because I think it is just a way for Apple to increase the price of their phone. Bitcoin secure wallet is still better than credit cards or even Apple card. It is not competitor to bitcoin as bitcoin is available for all people as long as they are connected to the internet while Apple Card is only for Apple users.

TheCoinGrabber

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It's just a CREDIT CARD, which just happened to be operated by Apple. Nothing groundbreaking there.

Apple fanboys in Twitter probably don't even know enough about bitcoins. They can't even tell fiat from crypto.

Quote from: joniboini on March 25, 2019, 08:49:31 PM

It's definitely interesting. Apple Card is for Apple Users right? I think the tweet definitely gone out of their way. Bitcoin is not limited to some users who can afford to spend $1000 for a phone. So comparing these two is a bit weird imo.

Quote from: ghermghuda on March 25, 2019, 07:59:41 PM

Well, what all these people still don't understand is that Bitcoin had supporters even when all the major card companies and banks tried naysaying about BTC. Apple doing that can better be described as they killing mastercard/visa and not Bitcoin.

I agree, this should be perceived as a thread to Mastercard/Visa directly.

As a Visa user, I sure hope this force them to lower their fees.

Topic: Still no threat detected, Apple Card (Read 273 times)