Apple Pay Will Pave the Way for Bitcoin Adoption

Interesting indeed, but my fear is that Apple comes up with their own currency that changes Bitcoin and people being dumb enough that they embrace that instead of Bitcoin. The only way this would help is if Apple accepts Bitcoin and nothing else.

Quote from: wasserman99 on September 14, 2014, 06:44:52 AM

I do like your logic in saying that if people are comfortable paying for things when their phone when credit cards are used then it would likely spill over to spending their money with their phone when bitcoin is involved. When you look at it that way I would not be surprised if apple pay does cause bitcoin adoption by iPhone users to increase

Yes, exactly. The word "comfortable" is a perfect choice. This Apple Pay movement is simply amplifying the broad public's comfort level with digital currencies. And that is big!

Quote from: giveBTCpls on September 15, 2014, 03:51:54 PM

There will be many imitators to Bitcoin (things that aren't even decentalized or limited in supply), and their faults which will become evident over time.

Apple Pay's "digital wallet" itself sounds like a borrowed term from Bitcoin's digital wallet, as one example. That doesn't make credit cards or dollars and better as far as their inherent nature goes. The US dollar loses value and becomes more worthless over time.

No matter how many tricks or innovations you create on top of the dollar, the fact cannot be avoided forever that the government is printing this fiat unlimitedly, and this will eventually collapse.

Quote from: jbrnt on September 14, 2014, 02:28:54 PM

It is not Apple Pay that we need, we need all phone manufacturers to embed a NFC chip inside their phones. Once we have the contactless capability, bitcoin clients can move in and takeover the rest.

Once apps can access the NFC chip directly without going through Apple Pay, then bitcoin wallets will directly be able to pay using Apple's (and other phone's) hardware.

Quote from: BittBurger on September 15, 2014, 01:55:16 AM

Simply getting people's mindset from the "physical" to the "virtual" was a huge obstacle for Bitcoin that will begin to dissolve, thanks to Apple. That alone is monumental, in my opinion.

-B-

Exactly.

This is an evolution in mindset and thinking, and breaking away from the idea that you need a piece of paper in your hand to buy something.

Quote from: IIOII on September 15, 2014, 02:13:56 PM

I'm not so sure that Apple Pay will trigger worldwide digital currency adoption. I think it is even questionable if Apple Pay will really take off and gain a lasting significant market share, because compared to credit cards the added convenience is mediocre but the added security/privacy risk is high. It's like a second Paypal and will face direct competition from them.

Also worldwide market penetration of Apple is lower than that of the Android platform and outside the US many people are reluctant to entirely give up physical money.

I think Bitcoin is the stepping stone to worldwide digital currency adoption, because it is a true conceptual advancement and an open platform that can be used by the wealthy and the poor alike. Still, it will take a long time for digital currency to become the dominant way of payment worldwide.

It's a gradual process. Apple Pay may die out. It may be successful. Either way it will have introduced many, many individuals to the concept of digital wallets. Anything that increases public awareness and comfortability in this way is a benefit to Bitcoin adoption in the long run.

They have already missed the boat with me. I jailbroke my iPhone just to use bitcoin. When that became a hassle I switched to android. Sorry Apple, unles you are going to do something huge with bitcoin, you are kinda done. It's not like allowing btc apps is a big deal, we always knew you would come around.
Cool

Quote from: Divinespark on September 15, 2014, 03:34:55 PM

Fat chance of that happening
Truly the stuff of wishful thinking, this

Actually, there is now an app called Breadwallet for iOs 8 users.

And yes, Breadwallet can handle your bitcoin! Yehey for us!

Quote from: colinistheman on September 15, 2014, 04:58:10 PM

Quote from: IIOII on September 15, 2014, 02:13:56 PM

It's a gradual process. Apple Pay may die out. It may be successful. Either way it will have introduced many, many individuals to the concept of digital wallets. Anything that increases public awareness and comfortability in this way is a benefit to Bitcoin adoption in the long run.

I think this will get more people involved with using and spending bitcoin as they would their own cash fiat. Today people are very used to using either cash or a credit card to pay for things, but when they start using their phones, they will likely eventually stumble on bitcoin (the way it works is very similar from a user's perspective) and will hopefully be able to see the benefits of benefits of bitcoin above credit cards

If paypal keeps the sharing system closed then any application that the NFC app or apple pay will provide will remain closed for financial purposes
So it will be like the device can do it but you cant use it so there are problems
That said if a big company like apple starts doing it that shows and legitimizes the idea which is good for Bitcoin adoption

It may change the way people think about spending money, using digital wallets and the like, but it will in no way be a stepping stone for the mass adoption.

Quote from: electricmarbles on September 17, 2014, 01:55:57 AM

It may change the way people think about spending money, using digital wallets and the like, but it will in no way be a stepping stone for the mass adoption.

your statement contradicts itself

Anyone here used Apple Pay already? Any feedback?

Quote from: greeneye222 on September 25, 2014, 06:33:21 AM

Anyone here used Apple Pay already? Any feedback?

I havent read anything about it yet. No complaints, either.