Bill Gates: Apple Pay is ‘fantastic’ and a ‘real contribution’

“Bill Gates yesterday sat down for an insightful interview with Erik Schatzker of Bloomberg,” Yoni Heisler reports for TUAW.

“Midway through the interview, the topic turned briefly to Apple Pay, Apple’s upcoming mobile payments platform,” Heisler reports. “Gates had positive things to say about Apple Pay…”

Apple Pay’s a great example of how a cell phone that identifies its user in a pretty strong way lets you make a transaction that should be very, very inexpensive. So the fact that in any application I can buy something, that’s fantastic. The fact I don’t need a physical card anymore, I just do that transaction and you’re going to be quite sure about who it is on the other end, that is a real contribution… And all the platforms, whether it’s Apple’s or Google’s or Microsoft, you’ll see this payment capability get built in. That’s built on industry standard protocols, NFC. And these companies have all participated in getting those going. Apple will help make sure it gets to critical mass for all the devices. – Bill Gates

More info and video of the interview in the full article here.

MacDailyNews Take: Microsoft or Google? Hah! We’ll never trust our payment information (or health info or anything else important) to Microsoft or Google.

Related articles:
Apple Pay: An in-depth look the world’s most secure payment system – October 2, 2014
With Apple Pay launch, mobile payments have finally arrived – October 2, 2014
The kids aren’t into PayPal as Apple Pay rules mobile-pay buzz – October 2, 2014
Bitten by Apple Pay, eBay gets 3 downgrades – October 1, 2014
Apple Pay arriving with iOS 8.1 this month, sources say – October 1, 2014
iOS 8.1 beta shows Apple Pay to work with Siri – October 1, 2014
Apple Pay: A semi-monopoly on the real killer app – October 1, 2014
Apple Pay casts shadow on PayPal Spinoff – October 1, 2014
How PayPal blew their chance to be an Apple Pay preferred partner – September 30, 2014
As Apple Pay rolls out, eBay plans to spin off PayPal business – September 30, 2014
The rush is on worldwide to support Apple’s revolutionary Apple Pay – September 19, 2014
Apple Pay set to radically change commerce – September 18, 2014
Banks race to gain Apple Pay advantage – September 16, 2014
Apple Pay triggers pure panic at PayPal, begets ‘dumbest ad campaign ever’ – September 16, 2014
Frightened PayPal slams Apple Pay in full-page newspaper ads – September 15, 2014

26 Comments

  1. MacDailyNews Take: Microsoft or Google? Hah! We’ll never trust our payment information (or health info or anything else important) to Microsoft or Google.

    Nor our naked selfies…

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