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Author Topic: Rift between Apple Pay and a couple of retailers...  (Read 2199 times)
commandrix
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October 27, 2014, 12:23:04 AM
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CVS and Rite Aid are shutting off Apple Pay due to some kind of a conflict between Apple Pay and a mobile payment app called CurrentC. Do you think Bitcoin could fill the gap? CurrentC
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October 27, 2014, 12:35:07 AM
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Of course bitcoin could fill the gap.
It is just a matter of implementing it.

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October 27, 2014, 01:22:45 AM
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http://appadvice.com/appnn/2014/10/apple-pay-being-shut-out-by-retailers-in-favor-of-upcoming-currentc-mobile-payment-platform

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But as noted by The Verge, CurrentC is not backed by any bank:

    That’s because the system is designed to cut out the middleman — and credit card processing fees. The app, when it launches next year, won’t replace your plastic credit card. Instead, it will withdraw directly from your checking account when you pay at the cash register with a QR code displayed on your Android or iOS device. Or you can pay with gift cards and “select store debit and credit cards” (read: just the ones issued in partnership with CurrentC backers). In exchange for not using your credit card, the retailers plan to offer exclusive coupons and promotions to those who use the app.

Seems to me that CurrentC would decrease transaction fees while ApplePay increase it. No wonder retailers are against ApplePay. Bitcoin too would be welcomed, given its low transaction costs.

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October 27, 2014, 02:41:35 AM
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CurrentC will be accepted by more retailers. It has more advantages comparing to Apple Pay, shuch as no compatibility issue, low transaction fee, discounts etc.

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October 27, 2014, 07:08:46 AM
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Why do people choose ApplePay? Low fee? For fame? Or porfitable?
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October 27, 2014, 07:16:18 AM
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This is good, if the terminal is setup to accept CurrentC then it can easily work with Bitcoin merchant gateway like Bitpay or Coinbase.

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