is this the end of Bitcoin & Altcoin dream ????, Apple introduced "Apple PAY"

[Bidcoind]

https://pbs.twimg.com/media/BxHAZ-FCMAAG1gt.png:large

[thealtcoinguy]

No haha. This is not the first time something like this has been introduced.

To my knowledge these sort of "virtual wallets" where available for a long time, with not real impact on bitcoin or altcoins... 

[instacalm]

It's definitely going to be a whole lot more popular than Bitcoin .

It was foreseeable that the world's cutting edge tech companies are not sleeping when it comes to modern technologically advanced payment methods. Nice!

[Bidcoind]

No haha. This is not the first time something like this has been introduced.

To my knowledge these sort of "virtual wallets" where available for a long time, with not real impact on bitcoin or altcoins...  

NO Something like this was never introduced, this is iPhone with NFC we are talking about, payment networks will race for offering services and people will use it on mass very soon.

[TaunSew]

It's definitely going to be a whole lot more popular than Bitcoin

Bitcoin capitalization is only $6.2 billion and estimated to be 1-2 million users.

ApplePay will be integrated into every future Apple phone (146 million sold so far) and they already have full support from Visa / Mastercoin and merchants like Subway, McDonalds, Disney, Walgreens, Macy's, Sephora

ApplePay isn't a Bitcoin Killer - from what I read it is a layered interface which just obfuscates your Credit / Debit card information so identity theft is less likely to occur.  This could definitely rival PayPal or even replace it - who will use PayPal if I can use ApplePay instead and never have to worry about my identity being compromised?

 As well I can actually use ApplePay at grocers like Walgreens, can't do that with PayPal or Bitcoin.

The problem with Bitcoin is 99.9999% of the offline merchants so far have been ethnic restaurants, marijuana shops, tattoo parlors or luxury car dealerships..  Bitcoin is useless for me as I can't spend it anywhere except online for computer hardware.

 

[instacalm]

ApplePay isn't a Bitcoin Killer

Yeah I didn't mean to say it's a Bitcoin killer

And PayPal: http://techcrunch.com/2014/09/08/paypal-braintree/
Seems like Bitcoin is going to be introduced to the masses via PayPal?

[tobyjaguar]

wait until it gets hacked...ha ha

[iGotSpots]

Not concerning in the least. Fuck Apple

[fr4nkthetank]

No haha. This is not the first time something like this has been introduced.

To my knowledge these sort of "virtual wallets" where available for a long time, with not real impact on bitcoin or altcoins... 

I was in japan and this is very common.  It has been common for the past 15 years I think

[gentlemand]

I know a grand total of three people with Iphones. Contactless payment is everywhere where I am. I've never actually seen a real transaction take place with it yet.

[Nullu]

It's just another Paypal. In short; no.

[instacalm]

I was in japan and this is very common.  It has been common for the past 15 years I think

Same about South Korea, paying this way a lot when I'm there.

It's just another Paypal. In short; no.

PayPal is going to make Bitcoin popular ironically
https://twitter.com/PayPal/status/509053601541787648

[andy35]

Will Apple let people use Apple PAY on Android? I doubt it.

Businessinsider says Android has a 78% share of all users globally. Apple's iOS had just 18%

http://www.businessinsider.com/iphone-v-android-market-share-2014-5

Cnet says Android has a 51.5 percent US market share, and Apple's iOS trails with 42.4 percent.

http://www.cnet.com/news/android-loses-some-us-market-share-but-remains-top-dog/

[Nullu]

I was in japan and this is very common.  It has been common for the past 15 years I think

Same about South Korea, paying this way a lot when I'm there.

It's just another Paypal. In short; no.

PayPal is going to make Bitcoin popular ironically
https://twitter.com/PayPal/status/509053601541787648

If you can't beat them, join them, eh?

[PereguineBerty]

Looks quite interesting but it won't kill Bitcoin or any other crypto currency.

Too many people nowadays want to buy/sell/mine coins for this to happen; they want to hold onto the dream that one day they'll make a fortune. These people don't want coins from a stupid appstore. They don't want to line Apple's ridiculously bloated pockets any further.

And if they want anonymity, Apple is probably the last place they would go looking. Jesus H. Fucking Christ on a bike.....  doesn't Jennifer Lawrence have nice tits?

[instacalm]

wait until it gets hacked...ha ha

"The company doesn’t store your card number on your phone or in iCloud. Instead, Apple uses what it calls the “Secure Element,” an encryption method that disguises your payment information. Apple Pay generates a number for one-time use—and the same goes for the security code on the back of your credit or debit card. When you hold your phone to a store’s NFC sensor to pay, the cashier can’t see your card number, security code, or even your name."

Will Apple let people use Apple PAY on Android? I doubt it.

Why would it? Google Wallet (on Android) is a competitor, yet "Google Wallet was designed to do something similar to Apple Pay for Android phones, but wireless carriers shunned it in favor of backing their own NFC-enabled Softcard app (formerly known as Isis)".

[othe]

My ATM card has NFC; why would i need an Iphone to pay...

[OgNasty]

I think it's very nice of Apple to get people used to paying for things with their cellular phones.  The transition to using Bitcoin will be a very seamless next step for the masses.

[lemfuture]

end? i only see upside from this

[yogabba]

You would need an iphone, so............ no.