[2014-10-24] Payments Veterans Discuss Bitcoin vs Apple Pay at NY Law Conference

[wardla]

http://www.coindesk.com/payments-veterans-apple-pay-bitcoin/

A common perspective that emerged is that while Apple Pay is not exactly innovative, it will encourage mainstream consumers to embrace mobile payments – a step that needs to take place if bitcoin will ever be more broadly adopted as a currency.

“I don’t think it’s ultimately going to be that transformative from a fees perspective or that it has the same transformative opportunities as bitcoin,” Binick said. “It’s just another player in the value chain rather than eliminating folks from the value chain.”

[Wekkel]

It just ties your plastic card to a payment machine. Google Wallet does this already for multiple years. Reggie Middleton has some interesting remarks in this respect: https://www.youtube.com/watch?v=NC5qyjOTf0s

[H.W.Z]

It just ties your plastic card to a payment machine. Google Wallet does this already for multiple years. Reggie Middleton has some interesting remarks in this respect: https://www.youtube.com/watch?v=NC5qyjOTf0s

but they are not successfully adopted by mass. I believe why Apple picks up this again and repackages it to its specially designed hardware is that they see this as an great opportunity.

[cr1776]

It just ties your plastic card to a payment machine. Google Wallet does this already for multiple years. Reggie Middleton has some interesting remarks in this respect: https://www.youtube.com/watch?v=NC5qyjOTf0s

but they are not successfully adopted by mass. I believe why Apple picks up this again and repackages it to its specially designed hardware is that they see this as an great opportunity.

I agree. Like with MP3 players, phones etc. And it does offer value in terms of protected card numbers, having to carry fewer cards, ease of use etc.