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Author Topic: Death of Bitcoins made by Apple?  (Read 4749 times)
johny08
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September 01, 2014, 11:29:32 AM
 #1

Apple signs up credit-card companies for NFC payments


Apple has reportedly struck a deal with American Express, MasterCard and Visa to bring NFC mobile payments to the iPhone 6.
The agreements between Apple and the credit-card companies will be officially announced next week alongside the iPhone 6, iPhone 6L, next iPad and, possibly, the iWatch, according to Bloomberg.
According to Bloomberg's source, the inclusion of the NFC chip in the next iPhone and improvements in its Touch ID fingerprint scanner "will allow consumers to securely pay for items in a store with the touch of a finger".
Re/code separately reported the deal with American Express, while The Information claimed a deal had been signed with Visa back in July.
Fourth time lucky?
Of course, this isn't the first time NFC payment rumours have attached themselves to an iPhone launch. Speculation that Apple will adopt the technology has been rife since the 4S, but as yet nothing has materialised.
In 2011, the company introduced its own rival iBeacon technology and, when the iPhone 5 was launched, Phil Schiller, SVP at Apple, categorically ruled out NFC, telling AllThingsD the company's own Passbook system "does the kinds of things customers need today".
However, in the three years since its launch, iBeacon support by third parties has been slow to take off, which may have prompted Apple to adopt NFC alongside its own technology.


http://www.pcpro.co.uk/news/390496/apple-signs-up-credit-card-companies-for-nfc-payments#ixzz3C3wEFGRU

What do you think?
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September 01, 2014, 02:23:55 PM
 #2

How will this be the death of bitcoins? Mobile payments and cryptocurrencies are two different things. Crypto will live on regardless of this.

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September 01, 2014, 02:47:26 PM
 #3

Why are you saying its death of bitcoins? Bitcoin is alive and well. I think they are on a brink of a deal with paypal and ebay. Theyre getting the masses.

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September 01, 2014, 02:53:27 PM
 #4

There's already a thread about it:

https://bitcointalk.org/index.php?topic=764394.0

Apple is going to release a mobile payment system, secured with touch ID, and with VISA and American Express.
In other words, it will make the transaction much faster and much more secure.
And that my friends, is a threat to bitcoin

edit: source: http://www.cnet.com/news/apple-amex-teaming-on-iphone-6-payments-system-report-says/

No real threat to bitcoin imho

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September 01, 2014, 03:04:00 PM
 #5

they wasn't accepting bitcoin long time ago, who care about apple now, they are out of the game anyway



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Rainbot
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September 01, 2014, 03:07:37 PM
 #6

This will change nothing. It still costs a lot to use/accept credit cards. The fact that the fraud costs will go down a little (nfc is harder to clone) will not substantially change this equation
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September 01, 2014, 05:01:00 PM
 #7

I don't see bitcoiners switching to mobile payments on i-phone 6.  Smiley


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September 01, 2014, 05:25:10 PM
 #8

Apple signs up credit-card companies for NFC payments


Apple has reportedly struck a deal with American Express, MasterCard and Visa to bring NFC mobile payments to the iPhone 6.
The agreements between Apple and the credit-card companies will be officially announced next week alongside the iPhone 6, iPhone 6L, next iPad and, possibly, the iWatch, according to Bloomberg.
According to Bloomberg's source, the inclusion of the NFC chip in the next iPhone and improvements in its Touch ID fingerprint scanner "will allow consumers to securely pay for items in a store with the touch of a finger".
Re/code separately reported the deal with American Express, while The Information claimed a deal had been signed with Visa back in July.
Fourth time lucky?
Of course, this isn't the first time NFC payment rumours have attached themselves to an iPhone launch. Speculation that Apple will adopt the technology has been rife since the 4S, but as yet nothing has materialised.
In 2011, the company introduced its own rival iBeacon technology and, when the iPhone 5 was launched, Phil Schiller, SVP at Apple, categorically ruled out NFC, telling AllThingsD the company's own Passbook system "does the kinds of things customers need today".
However, in the three years since its launch, iBeacon support by third parties has been slow to take off, which may have prompted Apple to adopt NFC alongside its own technology.


http://www.pcpro.co.uk/news/390496/apple-signs-up-credit-card-companies-for-nfc-payments#ixzz3C3wEFGRU

What do you think?

Good way to reduce identity fraud and at the same time making iphone a pos.

If the fee is low enough, it will negate all the benefits btc has,

jbrnt
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September 01, 2014, 05:30:47 PM
 #9

Adding NFC to iPhone has nothing to do with Bitcoin. Bitcoin is doing well with or without Apple.
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September 01, 2014, 07:13:43 PM
 #10

Apple signs up credit-card companies for NFC payments


Apple has reportedly struck a deal with American Express, MasterCard and Visa to bring NFC mobile payments to the iPhone 6.
The agreements between Apple and the credit-card companies will be officially announced next week alongside the iPhone 6, iPhone 6L, next iPad and, possibly, the iWatch, according to Bloomberg.
According to Bloomberg's source, the inclusion of the NFC chip in the next iPhone and improvements in its Touch ID fingerprint scanner "will allow consumers to securely pay for items in a store with the touch of a finger".
Re/code separately reported the deal with American Express, while The Information claimed a deal had been signed with Visa back in July.
Fourth time lucky?
Of course, this isn't the first time NFC payment rumours have attached themselves to an iPhone launch. Speculation that Apple will adopt the technology has been rife since the 4S, but as yet nothing has materialised.
In 2011, the company introduced its own rival iBeacon technology and, when the iPhone 5 was launched, Phil Schiller, SVP at Apple, categorically ruled out NFC, telling AllThingsD the company's own Passbook system "does the kinds of things customers need today".
However, in the three years since its launch, iBeacon support by third parties has been slow to take off, which may have prompted Apple to adopt NFC alongside its own technology.


http://www.pcpro.co.uk/news/390496/apple-signs-up-credit-card-companies-for-nfc-payments#ixzz3C3wEFGRU

What do you think?

Convenient transactions are not Bitcoin's forte. Bitcoin is never going to be able to compete with something like this anyway so this doesn't change much. Bitcoin will probably end up more like digital gold at best.



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September 01, 2014, 07:48:59 PM
 #11

Was reading about this earlier on a news website I frequent and to be honest I do not see any major problem with this neither do I see it affecting bitcoin in a bad way as these are two completely different things.
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September 01, 2014, 08:02:03 PM
 #12

Apple signs up credit-card companies for NFC payments


Apple has reportedly struck a deal with American Express, MasterCard and Visa to bring NFC mobile payments to the iPhone 6.
The agreements between Apple and the credit-card companies will be officially announced next week alongside the iPhone 6, iPhone 6L, next iPad and, possibly, the iWatch, according to Bloomberg.
According to Bloomberg's source, the inclusion of the NFC chip in the next iPhone and improvements in its Touch ID fingerprint scanner "will allow consumers to securely pay for items in a store with the touch of a finger".
Re/code separately reported the deal with American Express, while The Information claimed a deal had been signed with Visa back in July.
Fourth time lucky?
Of course, this isn't the first time NFC payment rumours have attached themselves to an iPhone launch. Speculation that Apple will adopt the technology has been rife since the 4S, but as yet nothing has materialised.
In 2011, the company introduced its own rival iBeacon technology and, when the iPhone 5 was launched, Phil Schiller, SVP at Apple, categorically ruled out NFC, telling AllThingsD the company's own Passbook system "does the kinds of things customers need today".
However, in the three years since its launch, iBeacon support by third parties has been slow to take off, which may have prompted Apple to adopt NFC alongside its own technology.


http://www.pcpro.co.uk/news/390496/apple-signs-up-credit-card-companies-for-nfc-payments#ixzz3C3wEFGRU

What do you think?

Good way to reduce identity fraud and at the same time making iphone a pos.

If the fee is low enough, it will negate all the benefits btc has,


The costs of processing these kinds of transactions would be the same as processing any other credit card transaction. So why would the fee to the merchant be less? Hint: I wont be.
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September 01, 2014, 09:22:57 PM
 #13


Good way to reduce identity fraud and at the same time making iphone a pos.

If the fee is low enough, it will negate all the benefits btc has,


Please explain how will this negate decentralisation, trust-less, transparency, full control of your funds, ability to send anywhere in the world.

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September 01, 2014, 09:47:31 PM
 #14

The only effect I see this having on bitcoin is maybe people will be more inclined to use their phone for payments.  Should be a small step from whatever Apple has them use to using a bitcoin wallet on their phone.  So mostly a non-issue, maybe a small benefit.
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September 02, 2014, 01:01:05 AM
 #15

I hope they succeed Google Wallet.  That was a big failure

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screwUdriver
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September 02, 2014, 04:12:25 AM
 #16


Good way to reduce identity fraud and at the same time making iphone a pos.

If the fee is low enough, it will negate all the benefits btc has,


Please explain how will this negate decentralisation, trust-less, transparency, full control of your funds, ability to send anywhere in the world.
If you have a credit card then you do not need decentralisation, same with controlling your funds because the credit card company is actually lending you money. You can generally use a credit card anywhere in the world. If you pay in bitcoin then you will need to trust the merchant you are buying from as you cannot reverse the transaction.

The main selling point that bitcoin has above credit cards is the cost of accepting/processing credit cards. Since the cost is lower when paying in bitcoin, merchants are likely to pass along these savings to the consumer.

titulng
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September 02, 2014, 05:29:40 AM
 #17

Apple has nothing to do with it

HOLD your bitcoins.
hopey
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September 02, 2014, 07:43:13 AM
 #18

If credit cards are integrated to iphone, would it be possible to make an application that could be used to buy bitcoins instantly with your phone?
suryc
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September 02, 2014, 07:50:12 AM
 #19

what does this even have to do with bitcoin?
hopey
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September 02, 2014, 08:19:46 AM
 #20

what does this even have to do with bitcoin?

Well if for example some merchant would accept bitcoins, that most people don't have access to, it would be nice to buy some btc first with your cellphone and then pay for the merchant. Other option might be to pay your friend with BTC that you can aquire instantly.

One of the biggest obstacles in BTC adoption is that it is too slow and difficult to obtain.

On the other hand, if two people have an iphone that can send funds to eachother, then who cares about BTC really... but what if the other phone would be android?
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