It's not that ApplePay is better than Bitcoin -- it's not. It's not that ApplePay directly competes -- it does not. It's that Apple has a tendency to absorb all of the oxygen of anything even within a dart's throw of it. Money 20/20 being centered on ApplePay rather than cryptocurrencies like Bitcoin is just one demonstration of how the show has moved on to the next fad.
ApplePay is complying with the law and regulation. That certainly is a huge advantage over crypto currency.