Good way to reduce identity fraud and at the same time making iphone a pos.
If the fee is low enough, it will negate all the benefits btc has,
Please explain how will this negate decentralisation, trust-less, transparency, full control of your funds, ability to send anywhere in the world.
Apple needs mainly lawyers and ink to get individual deals done with credit cards, banks and merchants, the technical innovation is negligible. The efficiency gain is negative, because it makes the traditional payment system even more complex. Apple adds to an existing infrastructure and does not replace existing infrastructure.
In contrast every customer or merchant has the freedom to start using Bitcoin, no one is forced to contract a tech giant or banks for using it.