Post
Topic
Board Bitcoin Discussion
Re: Apple introduces new mobile payment service "Apple Pay"
by
leannemckim46
on 09/09/2014, 23:14:08 UTC
http://www.idownloadblog.com/2014/09/09/apple-mobile-payments-2/

Quote
It turns out the rumors were true, Apple has been putting together a new mobile payment service, and it introduced it on stage today as “Apple Pay.” The service involves adding your credit cards to Passbook, and waiving your iPhone in front of what looks like an NFC reader to pay for goods and services in-store.

Do you guys think this might destroy bitcoin?
No, it certainly will not. Credit cards are already very popular throughout the world, likely more popular then cell phones (let alone iPhones). Apples NFC service/reader will likely be more costly for merchants to use then "traditional" credit cards because apple will be one more "person" involved in the processing of payments.