"Apple Pay"

[Hustle2survive]

What is this shit and how does Bitcoin correlate with it, it if does in any way?

[1715614912]

1715614912

[murraypaul]

What is this shit and how does Bitcoin correlate with it, it if does in any way?

Payment by swiping your phone, without needing to actually have your credit/debit card with you.
Nothing whatsoever to do with Bitcoin.

[jbrnt]

It is just a chip with your credit card details embedded in the phone. Swipe and pay, like most contactless card systems.

[der_troll]

can't wait to see abuse of it, Im sure there will be videos on youtube first day iPhone hits the stores. It's total crap but let's wait and see

[weather b0y4]

How exactly does apple pay reduce transaction fees  

Getting people more accustomed to mobile payments in general is great, because whatever "they" can do, bitcoin can do with lower fees.

[BCEmporium]

Nothing to do, actually is another copied idea from Apple. Samsung already did it a long time ago.

[oceans]

It has nothing at all to do with bitcoin as it is completely different to bitcoin. I don't see it working too well from the start to be honest and it seems like it could be a little risky on Apple's part but time will tell I guess.

[Hustle2survive]

Ah right thanks. Wonder if they can come up with anything original. Lol at iWatch.

[Habeler876]

Just another app to use credit cards. Doesn't Square do the same thing? Just seems notable because Apple is such a giant. At the end of the day, this has nothing to do with bitcoin. If a simple mobile payment system could threaten bitcoin, it would have been dead long ago.

[leannemckim46]

Just another app to use credit cards. Doesn't Square do the same thing? Just seems notable because Apple is such a giant. At the end of the day, this has nothing to do with bitcoin. If a simple mobile payment system could threaten bitcoin, it would have been dead long ago.

I think it will actually make bitcoin more competitive. It will likely have high instances of fraud because people will have their phones stolen and use the stolen phone to buy things. It will also have higher fees because, well that is what apple does, they charge a lot for their products.

[Robif]

Most of smartphones does not have NFC built in but have cameras that can scan QR code for BTC payment.

I think applepay will stay exclusive for rich and banked 1B, but for the rest there is BTC, they can't do anything about it 

[bitbouillion]

Apple Pay user base: iPhone6 owners in US.
Bitcoin user base: computer/tablet/smartphone owners of any type/brand in the whole world.

[murraypaul]

Apple Pay user base: iPhone6 owners in US.
Bitcoin user base: computer/tablet/smartphone owners of any type/brand in the whole world.

In say 3-6 months time, do you think there will be more retail sales using Apple Pay, or using Bitcoin?
I'm betting on the former.

[leannemckim46]

Apple Pay user base: iPhone6 owners in US.
Bitcoin user base: computer/tablet/smartphone owners of any type/brand in the whole world.

The iPhone is one of the most successful and widely used phones ever made. Apple is using apple pay to sell more iPhones, not using the iPhone for people to use apple pay. The costs will also still be there when people use apple pay.

[bitbouillion]

The iPhone is one of the most successful and widely used phones ever made.

Samsung is much bigger: http://www.idc.com/prodserv/smartphone-market-share.jsp
, not to talk about market share of Android.

[robstak]

In the coming months Apple may provide some sort of discounts to their customers for purchasing their products using Apple Pay to encourage more users.

[fulgurite]

 I can't see anything related with Bitcoin, too
maybe they are related in an indirected way.

[MygodBTC]

Apple will eventually give up and accept BTC payments, just like they gave up for the wallet thing in IOs

[DomoMan]

This is no competition for BTC.

[jjacob]

Will probably get people used to paying without physical credit cards.
Then these newbies can shift to bitcoins for lower transaction fees.