Apple Pay vs Bitcoins

[arcanaaerobics]

Have a lot of altcoins with a better "time" than the bitcoin, however apple or any other giant will never accept bitcoin, and that's where bitcoin will never have a chance.
Well, you can create a Store that accept bitcoin and try to earn some money

[raven7886]

Never heard about apple pay and buying digital goods through that. which site support apple pay?
BTW the transaction time make sucks some time..

When you go into a store and want to buy goods. You can either wave your apple watch og iphone at a terminal at the register. It will take you around - 3 seconds.

Or you can pull out your smartphone. Log into your wallet. Scan someones 2D bitcoin code. Send them some bitcoins, wait for the transaction to be verified, and then take your goods and go.. total time 10mins +

Can someone tell me how bitcoins will ever stand a chance?

Do you want a perfect combination? Link your bitcoin debit card with you apple pay account and you can easily spend the bitcoins in 2 seconds if you want, of course maybe there will be a very small fee but i think it worth.

The big issue around those debit card is the fee that i believe is high, besides that you will need to have some coins to be able to go shopping with such card, i had heard some stories about people using a debit card anywhere, using their bitcoins balance to pay merchants, this is the future for sure.

Basically using these bitcoin debit cards in POS usually doesn't have any limit and any fee, but what we can't expect is the exchange rate btc to usd which here the company can get most of their profit.

correct because bitcoin debit cards acutally don't have bitcoins. they have USD.. when you fill a card with bitcoin the company take these bitcoins and fill your cards with usd  and of course that reduce it's fees. that's why it will become little costly. but it makes us able to shop online with bitcoins and it is not bad.

[Wendigo]

Does Apple Pay even work in Europe? Not that I am running an iPhone but I have the impression that like 80% of the people here are using Androids and mostly Samsungs. I know that Samsung are developing their own payment app so Apple Pay is not the only player on the market. Anyways if you are paying on a POS terminal you could just use your Bitcoin debit card as well without a problem.

[xuan87]

well it is true that bitcoin weakness is the transaction speed, however most of the user includes me not only see that things, the one that we like about bitcoin is anonymity, does your apple pay able to do that? and then bitcoin can become investment, so yes transaction speed is a problem for bitcoin user, but there are development to make bitcoin payment faster

[Decoded]

Easy.

1. Using the lightning network, transactions will confirm instantly.
2. Generating the transaction on the phone and sending the hash to the terminal which is confirmed

This will take less than 3 seconds.

Then the terminal broadcasts the TX.

Sorry, as my rank says, i'm a newbie. What is the lightning network???

The lightning network is a new upcoming update to the network that will allow transactions to certain people that you specifically set to instantly be confirmed. So the transaction will not only be instant, but the first confirmation will be too. I'm not too familiar with the system, though.

[davis196]

When you go into a store and want to buy goods. You can either wave your apple watch og iphone at a terminal at the register. It will take you around - 3 seconds.

Or you can pull out your smartphone. Log into your wallet. Scan someones 2D bitcoin code. Send them some bitcoins, wait for the transaction to be verified, and then take your goods and go.. total time 10mins +

Can someone tell me how bitcoins will ever stand a chance?

I don`t have an iPhone and i will never have.

In my opinion,if you use Apple pay you are an "Apple slave"  just kidding.

If you use bitcoin you are more independent, but with less convenience.

[raven7886]

I've never Heard about apple pay.. is this a payment source similar to paypal and powered by apple? and which site support it to buy digital goods?
need to google this now.

When you go into a store and want to buy goods. You can either wave your apple watch og iphone at a terminal at the register. It will take you around - 3 seconds.

Or you can pull out your smartphone. Log into your wallet. Scan someones 2D bitcoin code. Send them some bitcoins, wait for the transaction to be verified, and then take your goods and go.. total time 10mins +

Can someone tell me how bitcoins will ever stand a chance?

Do you want a perfect combination? Link your bitcoin debit card with you apple pay account and you can easily spend the bitcoins in 2 seconds if you want, of course maybe there will be a very small fee but i think it worth.

The big issue around those debit card is the fee that i believe is high, besides that you will need to have some coins to be able to go shopping with such card, i had heard some stories about people using a debit card anywhere, using their bitcoins balance to pay merchants, this is the future for sure.

Basically using these bitcoin debit cards in POS usually doesn't have any limit and any fee, but what we can't expect is the exchange rate btc to usd which here the company can get most of their profit.

This is right. because any bitcoin debit card actually have USD not bitcoin. whenever someone go in the card provider's site and fill up the card with bitcoin the site take the bitcoins and fill the card with USD.. they of course reduce their fee. that's why using a card is little costly.

[Noctis Connor]

When you go into a store and want to buy goods. You can either wave your apple watch og iphone at a terminal at the register. It will take you around - 3 seconds.

Or you can pull out your smartphone. Log into your wallet. Scan someones 2D bitcoin code. Send them some bitcoins, wait for the transaction to be verified, and then take your goods and go.. total time 10mins +

Can someone tell me how bitcoins will ever stand a chance?

I'll tell you what none of these method implemented right now if this happen on the future that you are going just to need to log in your bitcoin wallet and scan someones bitcoin bar code to send payments from onlin store and offline stores for goods and services this is good to be true if this happen you dont need to convert your bitcoin into fiat.

[eternalgloom]

Does Apple Pay even work in Europe? Not that I am running an iPhone but I have the impression that like 80% of the people here are using Androids and mostly Samsungs. I know that Samsung are developing their own payment app so Apple Pay is not the only player on the market. Anyways if you are paying on a POS terminal you could just use your Bitcoin debit card as well without a problem.

Yes, it does work in some European countries, but at least in my country (Belgium), the majority of people have an Android indeed.

[talkbitcoin]

When you go into a store and want to buy goods. You can either wave your apple watch og iphone at a terminal at the register. It will take you around - 3 seconds.

Or you can pull out your smartphone. Log into your wallet. Scan someones 2D bitcoin code. Send them some bitcoins, wait for the transaction to be verified, and then take your goods and go.. total time 10mins +

Can someone tell me how bitcoins will ever stand a chance?

1) the apple method thingy is not available in all countries but you can pay with bitcoin anywhere in the world with no restriction whatsoever.

2) apple watch is ~$350+ but you can buy a smart phone (for bitcoin payment) with half that price maybe even a lot less

3) payment with bitcoin will also take 3 seconds or less. and you don't have to wait for confirmation.

4) the only thing that seems to be good about apple pay is the no fee policy (which i am only quoting from my search not personal experience!)

[QuestionAuthority]

You're comparing apples to oranges. They aren't the same things. Apple Pay is just an electronic debit card.

That's as ridiculous as when people say Bitcoin can take over banks. They aren't the same things. You may as well say polish kielbasa can take over automobiles.

ROFL

[Dora Doll]

apple pay i have no idea about that that what is that and how does iti work, i never use and having no account in it, i only use bitcoin and do not lik any other currency,

[calkob]

When you go into a store and want to buy goods. You can either wave your apple watch og iphone at a terminal at the register. It will take you around - 3 seconds.

Or you can pull out your smartphone. Log into your wallet. Scan someones 2D bitcoin code. Send them some bitcoins, wait for the transaction to be verified, and then take your goods and go.. total time 10mins +

Can someone tell me how bitcoins will ever stand a chance?

the differance is in the fundementals, we are talking about apples and pears here.  Apple is using a centralised system controlled by central banks and private banks creating money out of nothing and the other is a decentralised system which has fixed issuance and is controlled by those who use it. 

another point is yes at the minute your central bank money works fine, but what if your central bank money is now worthless and a loaf of bread costs the price of a weeks wages?  your bitcoin at that point is prob gona be worth a fortune compaired to the central bank money your apple watch uses......... at that point waiting 10mins (which it isnt anyway but i will play along)  wont feel so bad......

[dreamer81]

I don`t have an iPhone and i will never have.

In my opinion,if you use Apple pay you are an "Apple slave"  just kidding.

If you use bitcoin you are more independent, but with less convenience.

Hehe I dont use apple pay either. I have a samsung S7 phone
My point is just that these cellphone as well as payment as well as banking solutions, wants to conquer this market.

I can't see where bitcoins fit in the ecosystem, and that worries me a bit.

[ranochigo]

Apple pay is still technically using credit cards since they still debit the amount that is used to your Visa/Mastercard. In this aspect, Apple pay is still considered as a credit card. They would still be able to chargeback after many days and would likely cause the merchants quite some money. The basic fees for merchants accepting Apple Pay still applies. Bitcoin does not actually require any confirmations other than a few seconds of waiting time if the fee is reasonable, there is no competing transactions and opt-in RBF is not selected. The risk would become negligible.

[Milkduds]

Bitcoin will last for the same reason the new google phone will not be in my pocket.
People still want a little bit of privacy and Apple/Google want to destroy more and more aspects of this till they fully own us.
People that do not put much thought into these things often will just adopt the quickest process with out any thought or concern.

Example of how Apple wants to control and profit. They have eliminated the headphone jack in the latest cell phone and offer wireless headphones to go along with the cell. They know people will be forced to buy their product and not a cheaper version,as nothing currently will work along it. They do this with many aspects,like altering their chargers to force you away from 3rd party chargers. Not perfect but they continually grind the consumer down.
Read that the headphones also can take your temp and heart rate and track your head movements. These are all to make better product or argue that they can fill in more aspects about you.

[requester]

bitcoin is useful for online transaction because it takes few seconds before it is successfully verified by miners. but other wallets like Apple pay will do the task much faster. but think of some website that accept bank account and bitcoin so obviously bitcoin wiil do the task faster.

[ashiqdey]

for faster transaction we can use our traditional wallet but bitcoin wallet is only good for heavy transaction and for far away transaction there it will work faster than traditional bank wallet.

[audaciousbeing]

When you go into a store and want to buy goods. You can either wave your apple watch og iphone at a terminal at the register. It will take you around - 3 seconds.

Or you can pull out your smartphone. Log into your wallet. Scan someones 2D bitcoin code. Send them some bitcoins, wait for the transaction to be verified, and then take your goods and go.. total time 10mins +

Can someone tell me how bitcoins will ever stand a chance?

Based on your analysis of the current situation its very obvious that !itcoin does not stand a chance but don't forget that Apple that you are making reference to didn't get there one day so I believe in few years Bitcoin will get there even the speed of transaction witnessed today is not like that in the earlier years of its existence.

[amacar2]

I think bitcoin have greater use as storing our cash rather than spending it. If you consider storing your cash in banks and debit cards is safest place than you are wrong, as your balance amount will be in hand of centralized banks and goverenment who can just empty your balance if you get charged for some illegal activities or those account may get frozen and nobody of yours can use your life savings.

Storing bitcoin will be anonymous as well as you can also hand it over to your relatives and family incase you get arrested or you get into some legal problems.