Post
Topic
Board Bitcoin Discussion
Re: BTC is better than Apple Pay?
by
Window2Wall
on 19/10/2014, 23:10:51 UTC
Marc Andreessen (the header of Andreessen Horowitz)think BTC  is better than Apple Pay. How do you think about it?

I don't trust Apple with my credit card information any more than I trust Home Depot, Target, JP Morgan Chase, or Kmart.

Well JP Morgan will actually be the entity that would create your credit card information (LOL). Although the data breaches associated with all of the above companies were certainly annoying and inconvenient, they did not cause any actual financial harm to any consumers as consumers are not liable for any unauthorized transactions on their credit card. I personally think you should be fine entrusting your credit card information with apple.

The problem with apple pay vs bitcoin is that you have much higher fees (via CC processing fees that will be passed onto you) when you pay via apple pay while you would only pay ~$.04 when you pay with bitcoin