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Bitcoin => Bitcoin Discussion => Topic started by: Paleus on April 21, 2015, 06:17:42 PM



Title: Bitcoin vs Apple Pay
Post by: Paleus on April 21, 2015, 06:17:42 PM
The debate between bitcoin and Apple Pay rages on, as early adopters weigh the differences and advantages of either particular system. Apple Pay, announced as a payment system which could allow payments to be made directly from the iPhone among other Apple devices, was announced in 2014 and has many of the Apple loyal raving its potential for friction-less commerce. Bitcoin likewise, is a payment system which promises to make a leap into electronic exchange, yet has very important distinctions between what Apple is aiming for with their platform.

BITCOIN VS APPLE PAY


The Apple Pay infrastructure can be seen as an overlay network ontop of our everyday purchases in the way we conduct the transaction. The bitcoin technology is a deeper, more core aspect of what this infrastructure entails because it not only radically alters the way we conduct the transactions, but the type of value we transact.

Read the full article on Diginomics (https://diginomics.com/bitcoin-vs-apple-pay).


Title: Re: Bitcoin vs Apple Pay
Post by: S4VV4S on April 21, 2015, 06:23:21 PM
LOL!


There's a debate?

Let's see....

I send millions of dollars in BTC, I pay something close to nothing for transaction fees.

I use Apple Pay : https://support.apple.com/en-us/HT204274 (https://support.apple.com/en-us/HT204274)
In all do fairness I did not go through the above link/document because I don't need too...  ;)
But I could be wrong, maybe Apple Pay is cheaper than transacting with Bitcoin  ::) ::) ::) ::)


Title: Re: Bitcoin vs Apple Pay
Post by: BillyBobZorton on April 21, 2015, 06:23:32 PM
You can't expect the dumb herd to pick something called "Bitcoin" over something called "Apple Pay".
We'll need more years of being bitchslapped by banks and goverments until they get the point.


Title: Re: Bitcoin vs Apple Pay
Post by: amiryaqot on April 21, 2015, 08:01:21 PM
Apple pay is service not a currency and storage of wealth, totally different but definitely a bit of a bummer.

agreed with there is no sense to make Apple pay with Bitcoin because has totaly different computing set up and more advanced crypto currency and Apple pay is just payment service which use old ordinary currency.


Title: Re: Bitcoin vs Apple Pay
Post by: boopy265420 on April 21, 2015, 08:07:04 PM
Apple pay is service not a currency and storage of wealth, totally different but definitely a bit of a bummer.
We can say apple pay is designed for apple users to pay for their stuffs online. Bitcoin is digital currency will be unique and biggest invention for the last 500 years. This is revolutionary digital currency which is to be explored yet. Apple has wealth to support it's paying service but can not be not compared with bitcoin.


Title: Re: Bitcoin vs Apple Pay
Post by: Meuh6879 on April 21, 2015, 08:10:47 PM
 ::) i prefer paypal over apple pay ... because ... i hate apple product.  ;D


Title: Re: Bitcoin vs Apple Pay
Post by: RodeoX on April 21, 2015, 08:22:23 PM
Bitcoin  --> http://in1.ccio.co/I3/fB/bA/BugattiConceptCar.jpg

Apple Pay  --> http://www.showmenumbers.com/wp-content/uploads/2010/03/half_horse_half_car-12038-300x177.jpg

PayPal  --> http://hestakaup.typepad.com/hestablog/images/ingunn_laughs.jpg


Title: Re: Bitcoin vs Apple Pay
Post by: thejaytiesto on April 21, 2015, 10:09:29 PM
The funny part is Apple helps the US government spy on everyone and everthing they have the government's blessing as well.
Meanwhile you have all these idiot hipster types acting like Apple's part of some kind of 'counterculture'!!


Title: Re: Bitcoin vs Apple Pay
Post by: BTC_Superman on May 14, 2015, 03:22:55 PM
Bitcoin is much much better than Apple Pay. On the other hand, Apple pay is a service not a currency.


Title: Re: Bitcoin vs Apple Pay
Post by: RodeoX on May 14, 2015, 03:29:38 PM
I see no debate. Apple pay is a slightly different implementation of credit cards. There is nothing new about it. Bitcoin is a fundamentally different technology and an order of magnitude faster, cheaper, and more secure.     


Title: Re: Bitcoin vs Apple Pay
Post by: louise123 on May 14, 2015, 03:37:13 PM
I see no debate. Apple pay is a slightly different implementation of credit cards. There is nothing new about it. Bitcoin is a fundamentally different technology and an order of magnitude faster, cheaper, and more secure.     

You are forgetting the most important thing:
Bitcoin is decentralized whereas Apple Pay is very centralized.


Title: Re: Bitcoin vs Apple Pay
Post by: trafficolaa on May 14, 2015, 03:44:27 PM
omg i am wonder why people are comparing this shit Apple pay with the innovation of the century :P Bitcoin has no comparison in anyway super fast and most advanced payment solution on the current era.


Title: Re: Bitcoin vs Apple Pay
Post by: grendel25 on May 14, 2015, 03:46:52 PM
I see no debate. Apple pay is a slightly different implementation of credit cards. There is nothing new about it. Bitcoin is a fundamentally different technology and an order of magnitude faster, cheaper, and more secure.     

You are forgetting the most important thing:
Bitcoin is decentralized whereas Apple Pay is very centralized.

Bingo!  And the double charges are already happening!  Check this out:  http://money.cnn.com/2014/10/22/technology/mobile/apple-pay-double-charge/index.html

Always keep in mind the FUNdamental differences of decentralized crypto-currency when compared to centralized payment systems.  The technology is simply like comparing Apples (lol) to Bitcoin!  There virtually is no comparison when it comes to the purist financial technology delivered by crypto currencies.


Title: Re: Bitcoin vs Apple Pay
Post by: xingming on May 14, 2015, 03:48:24 PM
Good comparison , Apple pay is a word wide service and have some high securities check and
other complexed things so it may be more secure than Bitcoin , but it take a lot of fees
Bitcoin have instant transactions and slow fees but price is not stable .

Xing Ming .  


Title: Re: Bitcoin vs Apple Pay
Post by: amiryaqot on May 14, 2015, 03:51:24 PM
I see no debate. Apple pay is a slightly different implementation of credit cards. There is nothing new about it. Bitcoin is a fundamentally different technology and an order of magnitude faster, cheaper, and more secure.     

that is true Apple pay is an payment application which used it for old 90's transaction method and nothing new there to make comparison with both, BTCitcoin is most cheapest and faster than super jet payment method with 100% security.


Title: Re: Bitcoin vs Apple Pay
Post by: Bitcoin_BOy$ on May 14, 2015, 04:02:16 PM
My choice is Bitcoin always , slow fees and more secure if you make importance for security
and also always smooth transactions  .

Bitcoin Boy .


Title: Re: Bitcoin vs Apple Pay
Post by: RodeoX on May 14, 2015, 08:31:49 PM
I see no debate. Apple pay is a slightly different implementation of credit cards. There is nothing new about it. Bitcoin is a fundamentally different technology and an order of magnitude faster, cheaper, and more secure.     

You are forgetting the most important thing:
Bitcoin is decentralized whereas Apple Pay is very centralized.

Amen brother. That is the key difference. If I can't control it, then I don't want anyone to control it.


Title: Re: Bitcoin vs Apple Pay
Post by: 1Referee on May 14, 2015, 08:37:12 PM
Apple Pay will never succeed. Merchants are sick of money hungry payment processors. Every merchant should accept Bitcoin payments.

There are no cons, only benefits. Volatility is not an issue as every Bitcoin sale would get converted to fiat if they so wish.


Title: Re: Bitcoin vs Apple Pay
Post by: Troonetpt on May 15, 2015, 04:47:40 AM
It's totally two different things, bitcoin is the future and apply pay is just another mastercard.


Title: Re: Bitcoin vs Apple Pay
Post by: jacktheking on May 15, 2015, 04:50:14 AM
I'm not a Apple fan. If you ask me Android or iOS, I say Android. Mac or Window? Window.

I never heard of Apple Pay till today. What's it? Dont reply, I dont want to know. It sound like a payment system. If so.. Bitcoin get my vote.

Off-topic: This is my 1,000 posts on this forums!


Title: Re: Bitcoin vs Apple Pay
Post by: Amph on May 15, 2015, 07:13:14 AM
it seems that it is not clear to them that the real strength of bitcoin is its decentralization, any other payment system that is just centralized, has nothing new to offer i can just use my debit card, why bother, on the other hand being decentralized is a plus(you have the full control of your money, the most important thing for me, i'm here only because of that, if bitcoin was not decentralized i know i would end ignoring it) that's make bitcoin vastly better


Title: Re: Bitcoin vs Apple Pay
Post by: louise123 on May 15, 2015, 08:01:30 AM
it seems that it is not clear to them that the real strength of bitcoin is its decentralization, any other payment system that is just centralized, has nothing new to offer i can just use my debit card, why bother, on the other hand being decentralized is a plus(you have the full control of your money, the most important thing for me, i'm here only because of that, if bitcoin was not decentralized i know i would end ignoring it) that's make bitcoin vastly better

Decentralization is something that benefits those who understand the benefits and know how to handle and protect their money.
Unfortunately most people prefer to have the bank to do that for them.


Title: Re: Bitcoin vs Apple Pay
Post by: WhatTheGox on May 15, 2015, 08:21:22 AM
it seems that it is not clear to them that the real strength of bitcoin is its decentralization, any other payment system that is just centralized, has nothing new to offer i can just use my debit card, why bother, on the other hand being decentralized is a plus(you have the full control of your money, the most important thing for me, i'm here only because of that, if bitcoin was not decentralized i know i would end ignoring it) that's make bitcoin vastly better

Decentralization is something that benefits those who understand the benefits and know how to handle and protect their money.
Unfortunately most people prefer to have the bank to do that for them.

While people are comfortable and have no reason to take control they will stick with the banks.  Think ofall the other shit they have to worry about like kids/housing/eating etc. 

Bitcoin needs to provide very clear simple and obvious benefits.


Title: Re: Bitcoin vs Apple Pay
Post by: louise123 on May 15, 2015, 08:30:36 AM
it seems that it is not clear to them that the real strength of bitcoin is its decentralization, any other payment system that is just centralized, has nothing new to offer i can just use my debit card, why bother, on the other hand being decentralized is a plus(you have the full control of your money, the most important thing for me, i'm here only because of that, if bitcoin was not decentralized i know i would end ignoring it) that's make bitcoin vastly better

Decentralization is something that benefits those who understand the benefits and know how to handle and protect their money.
Unfortunately most people prefer to have the bank to do that for them.

While people are comfortable and have no reason to take control they will stick with the banks.  Think ofall the other shit they have to worry about like kids/housing/eating etc. 

Bitcoin needs to provide very clear simple and obvious benefits.

I think Bitcoin also needs to become more user friendly and safer for newcomers to use.
If the average Joe cannot find his way through Bitcoin and is constantly worried about hackers stealing their money, then they will remain with the banking sector.


Title: Re: Bitcoin vs Apple Pay
Post by: Xialla on May 15, 2015, 09:20:15 AM
Merchants are sick of money hungry payment processors. Every merchant should accept Bitcoin payments.

THIS^^

there are so many payment processors, so many mobile applications, so many fees, logins, credit cards, payment gateways...why should anybody use another one. well maybe because it is apple and there are lot of fangays around which are using all possible apple services..but I hope that majority will simply refuse this money sucking system from greedy corp.


Title: Re: Bitcoin vs Apple Pay
Post by: louise123 on May 15, 2015, 09:40:55 AM
Merchants are sick of money hungry payment processors. Every merchant should accept Bitcoin payments.

THIS^^

there are so many payment processors, so many mobile applications, so many fees, logins, credit cards, payment gateways...why should anybody use another one. well maybe because it is apple and there are lot of fangays around which are using all possible apple services..but I hope that majority will simply refuse this money sucking system from greedy corp.

Although what you say is very true, you need to understand that most merchants keep away from Bitcoin because of it's reputation and it's volatile price.
They want to sell a product for $1 and receive that $1, they don't want to sell a product for $1 and receive $0.80.


Title: Re: Bitcoin vs Apple Pay
Post by: umairsaleem on May 15, 2015, 11:06:25 AM
Apple pay is service not a currency and storage of wealth, totally different but definitely a bit of a bummer.

Really? No matter Apple pay is a currency or not, Apple Pay is much better(much more users than Bitcoin) than Bitcoin, this is the reality.


Title: Re: Bitcoin vs Apple Pay
Post by: medUSA on May 15, 2015, 11:34:11 AM
ApplePay is a gateway, Bitcoin is a currency. In theory, ApplePay can accept Bitcoin as payment. They are not a direct competitor. Market share wise, ApplePay is only available for iPhone 6 users and previous iPhone users need to buy an Apple watch. Bitcoin can be implemented on any mobile phone, can be used on a desktop computer, and can now be linked a credit card/debit card. I believe Bitcoin potentially has a much wider footprint than ApplePay.


Title: Re: Bitcoin vs Apple Pay
Post by: NUFCrichard on May 15, 2015, 12:54:05 PM
How can Apple pay really ever be globally accepted?  I could possibly imagine that it would be adopted as a 'one of many' digital payment system, a bit like we all accept Visa or Mastercard now.
But I don't have an iPhone, I don't want to have an iPhone so I will not be able to use Apple Pay.  It seems to basically be a contactless payment system, which have already be adopted into cards, so why do I need a massive expensive phone to do the same thing?

Bitcoin is completely different to Apple Pay.  It isn't a way to pay in USD, it is a new monetary system.  It is the next step, we went from Metals, to Metal backed currency, to unbacked currency and we will then go to protocol back cryptocurrency.  Don't mix the 2 things up because they can both work on your phone.


Title: Re: Bitcoin vs Apple Pay
Post by: b-trading on May 15, 2015, 01:12:40 PM
I dont even know the concept about apple pay ?...Apple , Let it be just the manufacture of smartphone...if apple think they can expand their bussines in anything including in payment gateway they are wrong...to win fight against Bitcoin it is not a simple think than you can sell your ipone with a very expensive price...i dont interesting about apple...iphone...There is nothing special about it


Title: Re: Bitcoin vs Apple Pay
Post by: fox19891989 on May 15, 2015, 02:24:11 PM
Both of these technologies, bitcoin and Apple Pay, will likely meet a high degree of success. In the long-term however, it remains clear to us that open, independent systems which allow the free movement of information will rise to the top.

No traditional corporation looking for monopolization and centralization will find success in the information age. Instead, look for systems which comprise networks of computers to formulate some of the largest monopolies in history, yet do so while excluding no one and making information fully transparent.


Title: Re: Bitcoin vs Apple Pay
Post by: hellyeah on May 15, 2015, 02:36:22 PM
Sorry if this was answered before but, when did Apple make a payment service?
I am not an Apple fan so it's the first I have heard of this.


Title: Re: Bitcoin vs Apple Pay
Post by: thejaytiesto on May 15, 2015, 02:56:22 PM
Apple Pay has huge potential due simply being something that Apple made. Apple could brand a box full of shit and it would still be a success. Such is the sheeple.


Title: Re: Bitcoin vs Apple Pay
Post by: Jeremycoin on May 15, 2015, 03:11:10 PM
Close this thread, it's obviously that no one support the Apple Pay. Because you posted in the wrong site, this is Bitcointalk not Appletalk. So, Bitcoin will be the winner here  :D


Title: Re: Bitcoin vs Apple Pay
Post by: Possum577 on May 15, 2015, 06:58:38 PM
I think a better question is - who from the bitcoin community is working with Apple to have them accept BTC on the Apple Pay transaction network?

It would certainly be easy for some bitcoin folks in the Bay Area to get a meeting with Apple, has anyone heard rumors of this sort?

The more bitcoin becomes a currency of choice the more transaction services like Apple Pay, Venmo, and the godfather PayPal will find it critical to include the digital currency as an option. It's all about how many transactions can they get, right now bitcoin doesn't have enough transactions to make it viable for inclusion.

Just my BTC0.12376...


Title: Re: Bitcoin vs Apple Pay
Post by: MoneyIsDebt on May 15, 2015, 07:05:12 PM
I think a better question is - who from the bitcoin community is working with Apple to have them accept BTC on the Apple Pay transaction network?

It would certainly be easy for some bitcoin folks in the Bay Area to get a meeting with Apple, has anyone heard rumors of this sort?

The more bitcoin becomes a currency of choice the more transaction services like Apple Pay, Venmo, and the godfather PayPal will find it critical to include the digital currency as an option. It's all about how many transactions can they get, right now bitcoin doesn't have enough transactions to make it viable for inclusion.

Just my BTC0.12376...

A few bitcoin debit cards have been attempted - but one could make a completely virtual one, and make it work with Apple Pay (the card provider needs to work it out with Apple, just as the banks do). Then a real physical card wouldn't be needed, reducing the cost of making such a venture.
And voila, you've solved the number one problem with Apple Pay today - namely that it's NOT a global system. It only works with certain banks, and only in a few countries.


Title: Re: Bitcoin vs Apple Pay
Post by: manselr on May 15, 2015, 07:20:06 PM
Economy is a complex system. Bitcoin is the lightning bolt and the wind that will morph into something much bigger.
Apple Pay is the same old shit rebranded.


Title: Re: Bitcoin vs Apple Pay
Post by: Meuh6879 on May 15, 2015, 08:09:49 PM
OK, we have :

Apple pay with
- a smartphone (500 USD)
- with scanned credit card
- with KYC
- with restricted volume per day, per week, per month
- with NFC
- with POS at merchand with fees (high) with fees on volume (very high) with location of POS with analogic line needed.




and the other side



Bitcoin with
- a smartphone ... (100 USD)
- and a smartphone
- with Wifi (or 3G) ...
and ? well, nothing more.





People are dumb.
Very.


Title: Re: Bitcoin vs Apple Pay
Post by: jdebunt on May 15, 2015, 08:11:43 PM
People are dumb.
Very.

You sound quite surprised ;) Sheeple have no brain of their own.


Title: Re: Bitcoin vs Apple Pay
Post by: boopy265420 on May 15, 2015, 08:13:48 PM
Economy is a complex system. Bitcoin is the lightning bolt and the wind that will morph into something much bigger.
Apple Pay is the same old shit rebranded.
I can't disagree with this statement ^.I would like to add little more with these words there is no comparison between Bitcoin and Apple pay.Apple pay will never ever be able to succeed as this represent old failed money system but Bitcoin will change everything in coming years.


Title: Re: Bitcoin vs Apple Pay
Post by: ajareselde on May 15, 2015, 08:24:54 PM
I don't want to rain down on the parade, but you should also ask yourself; how many people got scammed using apple pay, and how many by using bitcoin [in percentages of current users, to get fair result]
Bitcoin is a great concept, but it also has  a lot of security issues, especially with people who are not tech-savvy,as they are the first to fall for wallet stealers and phishing.
In the end, both of the given two options are kind of bad.. atleast for now.

cheers


Title: Re: Bitcoin vs Apple Pay
Post by: LiteCoinGuy on May 15, 2015, 09:19:26 PM
http://www.bilder-upload.eu/thumb/2a66bd-1431725334.png (http://www.bilder-upload.eu/show.php?file=2a66bd-1431725334.png)


Title: Re: Bitcoin vs Apple Pay
Post by: amiryaqot on May 15, 2015, 09:50:18 PM
http://www.bilder-upload.eu/thumb/2a66bd-1431725334.png (http://www.bilder-upload.eu/show.php?file=2a66bd-1431725334.png)

that is the greatest comparison of in great words BTCitcoin is available for masses too but Apple pay can be used only IPhone to IPhone so BTCitcoin is has restriction to use it and transaction fee is like to send it for free.


Title: Re: Bitcoin vs Apple Pay
Post by: nachoig on May 15, 2015, 10:36:45 PM
Apple pay is service not a currency and storage of wealth, totally different but definitely a bit of a bummer.

Really? No matter Apple pay is a currency or not, Apple Pay is much better(much more users than Bitcoin) than Bitcoin, this is the reality.

Hey, I'm just an individual from some random part of this planet with an internet connection and a computer with a Bitcoin wallet. If I want to send money to you, I just need your BTC address

But with Apple Pay, how can I do this?  ::)

Apple Pay fights in a different niche. It's a complementary technology to credit/debit cards, and depends of them to exist. It's more like the side chains to Bitcoin.

The discussion in the OP could be Credit cards x Physical cash x Eletronic cash.


Title: Re: Bitcoin vs Apple Pay
Post by: RitzBitzz on May 15, 2015, 11:24:02 PM
Apply pay is just paypal rebranded with a new hipster look.


Title: Re: Bitcoin vs Apple Pay
Post by: NorrisK on May 16, 2015, 09:08:03 AM
http://www.bilder-upload.eu/thumb/2a66bd-1431725334.png (http://www.bilder-upload.eu/show.php?file=2a66bd-1431725334.png)

that is the greatest comparison of in great words BTCitcoin is available for masses too but Apple pay can be used only IPhone to IPhone so BTCitcoin is has restriction to use it and transaction fee is like to send it for free.

And now we only need to teach people how to use bitcoin en masse. Currently it is to complicated, and thats why people use Apple pay more than bitcoin.


Title: Re: Bitcoin vs Apple Pay
Post by: pereira4 on May 16, 2015, 10:21:28 PM
http://www.bilder-upload.eu/thumb/2a66bd-1431725334.png (http://www.bilder-upload.eu/show.php?file=2a66bd-1431725334.png)
I love those visual comparations like this, really explainatory and is something you can show to your average joe friends clueless about BTC and how does it compare to so called alternatives.


Title: Re: Bitcoin vs Apple Pay
Post by: Meuh6879 on May 16, 2015, 10:53:11 PM
Currently it is to complicated, and thats why people use Apple pay more than bitcoin.

People don't use Apple Pay because of Bitcoin ... they use NFC card ... because Apple Pay push this in the last 6 months.  ;D

------------
DEAD END
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Title: Re: Bitcoin vs Apple Pay
Post by: BlackMachine on May 17, 2015, 04:39:18 AM
Apple pay is no more than a normal credit card. People use them just because its cool and they are accepted like credit cards. Bitcoin is less widely used.


Title: Re: Bitcoin vs Apple Pay
Post by: BlitzandBitz on May 17, 2015, 04:50:48 AM
Apple pay is no more than a normal credit card. People use them just because its cool and they are accepted like credit cards. Bitcoin is less widely used.

All the white girls with their iphones prefer to use starbucks and since starbucks doesn't accept bitcoin apple pay will be the big thing for them.


Title: Re: Bitcoin vs Apple Pay
Post by: Sitarow on May 17, 2015, 05:07:43 AM
Apple pay is no more than a normal credit card. People use them just because its cool and they are accepted like credit cards. Bitcoin is less widely used.

All the white girls with their iphones prefer to use starbucks and since starbucks doesn't accept bitcoin apple pay will be the big thing for them.

Nah...

https://www.youtube.com/watch?v=tRf9qeclm10


Title: Re: Bitcoin vs Apple Pay
Post by: Searing on December 04, 2015, 08:28:54 AM

heh revive this thread...saw this today ...article....apple pay starting to look like a 'flop' heh :)

http://finance.yahoo.com/news/apple-pay-showing-signs-could-214558347.html (http://finance.yahoo.com/news/apple-pay-showing-signs-could-214558347.html)


considering I'm reviving this thread after 120 days this could very well be true! (always the last to know I am) :)


Title: Re: Bitcoin vs Apple Pay
Post by: Blue_Tiger73 on December 04, 2015, 08:36:32 AM
There was never a debate and there never will be. Bitcoin is the easy winner over the 2. Bitcoin is so much easier than apple pay. I have barely even heard of Apple pay compared to Bitcoin, the best and most popular cryptocurrency. I think you can tell who is the clear winner.


Title: Re: Bitcoin vs Apple Pay
Post by: Blue_Tiger73 on December 04, 2015, 08:39:49 AM
Apple pay is no more than a normal credit card. People use them just because its cool and they are accepted like credit cards. Bitcoin is less widely used.

Sorry what did you say. Apple pay is more widely used than Bitcoin, nice joke bro. In Australia, there is no sight of apple pay. Bitcoin is also not very widespread but more than apple pay at least.


Title: Re: Bitcoin vs Apple Pay
Post by: iopq on December 04, 2015, 08:56:57 AM
http://www.bilder-upload.eu/thumb/2a66bd-1431725334.png (http://www.bilder-upload.eu/show.php?file=2a66bd-1431725334.png)
The website you hosted this image on is not friendly to ad-blockers. If anyone else is having difficulty viewing this image, temporarily disable ad block on that page.


Title: Re: Bitcoin vs Apple Pay
Post by: MaxTax on December 04, 2015, 10:00:59 AM
I've never even heard of Apply Pay until I read this. There's no competition between Apple Pay and Bitcoin though.

Both are two different things. I guess I could compare Apple Pay to something like PayPal and bitcoin is just bitcoin, a currency.