http://www.bidnessetc.com/25357-how-apple-pay-will-affect-bitcoin/Owners of the iPhone 6 will be able to make payments at shops and restaurants with the help of near-field communication (NFC) technology. It will enable consumers to pay by just taping their phones on wireless readers.
Corporations like McDonalds Corporation (MCD), The Walt Disney Company (DIS) and Whole Foods Market, Inc. (WFM) have already partnered with Apple, agreeing to install the compatible wireless readers. Moreover, Visa Inc. (V), MasterCard Inc. (MA) and American Express Company (AXP) will be collaborating with Apple in its new service. In addition, big banks including Wells Fargo & Co (WFC), Citigroup (C), JPMorgan & Chase Co (JPM), Bank of America Corp (BAC), among others have also signed up for the service.