“Apple is laying the groundwork to disrupt yet another industry,” Adam Levy writes for The Motley Fool. “The Wall Street Journal reported the Cupertino company is making progress toward a mobile payment solution that would leverage its 575 million-plus credit cards on file through the iTunes store.”
“To put that number in perspective, that’s more than four times the number of active users on eBay’s PayPal,” Levy writes. “Meanwhile, Google’s efforts to break into mobile payments with Android, NFC, and its Google Wallet platform have floundered for years now.”
“Late last year, Apple began rolling out its iBeacon device and capabilities. The platform runs on Bluetooth Low Energy, or BLE, and these iBeacons are capable of sending and receiving information to and from iDevices. As more retailers adopt iDevices, the iBeacon capabilities can be used to direct customers around the store and offer special promotions while gathering data on shopper behavior,” Levy writes. “Perhaps its biggest potential, however, is to facilitate mobile payments.”
Read more in the full article here.
Related articles:
Tim Cook as good as confirms Apple prepping mobile payments via Touch ID – January 28, 2014
iWallet: Apple exploring expansion of mobile payments, sources say – January 25, 2014
Apple patent application reveals secure iWallet system with iBeacon – January 16, 2014
Apple’s revolutionary iWallet is coming – December 10, 2013
Apple could have 250 million iBeacon-capable units in the wild by 2014 – December 7, 2013
Apple turns on iBeacon to guide shoppers at 254 U.S. retail stores – December 6, 2013
Analyst: Apple to reach 600 million users with credit card accounts on file by year end – June 4, 2013
Melissa Lee just said Apple has “jumped the shark”…I hope she is wrong…
Believe it when I see it or ………….use it, hopefully something can make the stock head in the right direction, its been held back and beaten down for a year and a half now.
Yes, Apple is going to be releasing an long awaited upgrade of the reality distortion field, know as the integrity restoration field generator. When turned on people in the area of the field without any integrity will suffer incredible pain. Such a field generator will be banned of course from areas like Whore Street and Warshingtongue.
What?
It’s a joke.
So what will we do when Apple gets hacked like Target and gives away the info on 575 million credit cards. This will disrupt nothing.
Is nikcomp really short for Nincompoop?