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[2014-10-24] Payments Veterans Discuss Bitcoin vs Apple Pay at NY Law Conference
by
wardla
on 24/10/2014, 09:03:18 UTC
http://www.coindesk.com/payments-veterans-apple-pay-bitcoin/

A common perspective that emerged is that while Apple Pay is not exactly innovative, it will encourage mainstream consumers to embrace mobile payments – a step that needs to take place if bitcoin will ever be more broadly adopted as a currency.

“I don’t think it’s ultimately going to be that transformative from a fees perspective or that it has the same transformative opportunities as bitcoin,” Binick said. “It’s just another player in the value chain rather than eliminating folks from the value chain.”