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cysive
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September 10, 2014, 06:49:01 PM |
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Why can't Apple Pay could be a Trojan Horse for Bitcoin? 1) Apple lets you link your credit card to Apple Pay. 2) Apple gives the credit card company its hidden 3% (300 basis points) fee minus their own 15-25 basis points. 3) Apple realizes if they let you link Bitcoin, there is only a flat 6 cent fee. 4) Apple lets you link your Bitcoin wallet to Apple pay. 5) Apple splits the hidden 3% fee between themselves, the vendor and the consumer and makes more. -C. |
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Scripts
Newbie
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Activity: 11
Merit: 0
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September 10, 2014, 07:11:20 PM |
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I disagree. If anything, Apple will create their own system. (If they already have one then disregard my second part of the post)
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cysive
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September 10, 2014, 07:17:41 PM |
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I disagree. If anything, Apple will create their own system. (If they already have one then disregard my second part of the post)
You're saying Apple will create their "own system" that will cost $Billions to create and maintain and take years for ROI instead of linking an existing free one with their interface and get immediate profit? Even though they just did a deal with every major credit card system to use their existing payment systems? |
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LitcoinCollector
Legendary
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Activity: 1092
Merit: 1000
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September 10, 2014, 08:24:20 PM |
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Apple & Bitcoin, interesting thought. Could be great for Bitcoin as well as Apple. Don't think Apple will go for it, just a gut feeling.
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giveBTCpls
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September 10, 2014, 08:57:02 PM |
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In the keynote it was said that they would release the Apple Pay API, which you can asume Coinbase, Blockchain, Bitpay and/or Paypal could use soon Apple Pay for Bitcoin payments.
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oceans
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September 10, 2014, 09:37:16 PM |
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As much as it could be great I don't see Apple doing this for the simple reason they are always the ones to want to be bigger and better than their rivals and in a sense even though bitcoin and Apple Pay are two different things they may see this as being some kind of rivalry.
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soulcity
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September 10, 2014, 10:00:02 PM |
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Walled garden folks don't play well with the open source folks.
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jabo38
Legendary
Offline
Activity: 1232
Merit: 1001
mining is so 2012-2013
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September 11, 2014, 01:25:11 AM |
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Apple is releasing the API for Apple Pay. They want lots of people to find innovative ways to use it.
I wouldn't be surprised at all if Bitpay and Coinbase are reviewing Apple's policy, trying to see if they can apply.
I can totally see a future where coinbase has partenered with a major bank and offers an Apple Pay option.
I imagine it now, "Would you like to pay with Visa, MasterCard, debit, gift card, or Coinbase?" When I open the app.
This is really happening folks.
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ivonna
Full Member
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Activity: 139
Merit: 100
www.secondstrade.com - 190% return Binary option
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September 11, 2014, 04:30:35 AM |
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In the keynote it was said that they would release the Apple Pay API, which you can asume Coinbase, Blockchain, Bitpay and/or Paypal could use soon Apple Pay for Bitcoin payments.
I would doubt this. It is still too risky to accept credit cards for the purchase of bitcoin and apple pay is just a fancy way of paying via credit card. |
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dankkk
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September 13, 2014, 07:47:53 PM |
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Apple is releasing the API for Apple Pay. They want lots of people to find innovative ways to use it.
I wouldn't be surprised at all if Bitpay and Coinbase are reviewing Apple's policy, trying to see if they can apply.
I can totally see a future where coinbase has partenered with a major bank and offers an Apple Pay option.
I imagine it now, "Would you like to pay with Visa, MasterCard, debit, gift card, or Coinbase?" When I open the app.
This is really happening folks.
Why would they want to apply? They already have a much better system in place to process payments. There are existing bitcoin wallets that have the ability to send bitcoin to a coinbase (or a bitpay) address when a merchant is willing to sell for bitcoin via coinbase. |
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fabiola!
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September 13, 2014, 08:15:18 PM |
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I disagree. If anything, Apple will create their own system. (If they already have one then disregard my second part of the post)
I was watching BBC's Click this afternoon and they made a big fuss about Apple's "innovative" e-payment system. Wow. |
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john641
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September 14, 2014, 11:36:19 AM |
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Apple has done nothing but potentially allow people to use the same archaic BANKSTER system with their phone. Big deal guys..
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