Bitcoin Forum

Bitcoin Community Reacts to Apple's Payment Processor

Pay privacy: only merchant and your bank know who you are. Bitcoin: there is no bank and merchant only sees money, not your personal data.

http://www.coindesk.com/bitcoin-apple-mobile-payments/

I think this is really just a way for apple to try to get to sell more iPhones. Everyone more or less already uses credit cards so I doubt the market for credit cards would increase as a result of this. I think it is also a selling point for banks for users to use their services when their credit cards can be interigated with this as I have seen many major banks advertising their ability to use their credit cards with apple pay

sure, their watch is a nice tool but i would wait for version 2 or 3 before i would buy one....from samsung  ;D

i love the idea of open platforms and so i want to support android and these kind of things.

https://encrypted-tbn1.gstatic.com/images?q=tbn:ANd9GcT-Ga1OoJjcqS2IboMGIQotk-ugCSVXZx9tOk0uEPiP6pgrcQh5

I personally myself wouldn't trust Apple right now with this. It's something that is new and we know that anything involving credit cards and banks usually ends up in your privacy not being so private anymore. At least with bitcoin I can keep my privacy if I wish to. I see there being a lot of problems from the start anyway until they get everything ironed out.

It would be better to wait for sometime until we have some feedback from users and of course we'll see updates and bug fixes.

Apple Pay is a shitty version of BTC, an obortion. Naturally things will move towards a BTC world.

The BSA actually makes it illegal to share details of banking transactions without permission of the account holder (unless there is a court order). Anyone engaging in banking services also much take certain security steps to keep information regarding transactions secure.

You would also have little issues with having your money stolen because cardholders are only liable up to $50 in the event of unauthorized transactions.

Apple has now become another gate keeper in online payments. Only apps can use it for online purchases, and only the apps Apple allows will be available to their users. You would be far more restricted now than you were before you started using it.

Dying company attempt at reviving a dying product.

I suspect Apple Pay is just promotional hype to garner more iPhone 6 pre-orders. They know they're toast and have decided to go full scam instead of just dying quietly as nature intended.

I don't think apple is a scam company, nor that apple nor the iPhone is dying. Apple's sales of the iPhones are generally growing every year and every quarter.

I do think that apple pay is likely something that is meant to sell more iPhones, in a similar way that iTunes is meant to sell more Ipods

Apple is hardly a dying company. They're one of the biggest corporations in the world. Think they have a bigger revenue than Facebook and Amazon put together.