it pretty much is a competitor with paypal when you think about it though. but look, my bank and most other banks have already offered this for years. some banks even offered this for years before bitcoin just didn't really work on a smart phone it worked on a PDA, which aren't really made at all anymore. People forget the smart phone is just a PDA with the ability to take a phone call really. PDAs did a lot and I had one, was fun.

no its not going to destroy bitcoin, but it is going to convert a ton of normal people to use apple for these things, which makes bitcoin less relevant. the more normal people who find other services the less bitcoienrs there will be. bitcoiners are really just people who don't like the government or think the ability to transfer things for free or cheap is new. it isn't a new concept and has been around, the main thing driving bitcoin is the protocol itself and the security features and all that. sending money somewhere isn't new and bitcoin obviously lost out to paypal in terms of that time wise, but now paypal accepts bitcoin so you get that going at least, maybe now more ppl will use it, but likely not many.