26 Oct '14, 4pm

ApplePay Faltering Could be an Opening for Bitcoin:

Discount rates are the bane of merchants around the world. Simply put they are the percentage paid by merchants for each transaction that involves credit or debit cards. These fees can range from about 1% to as high as 5% for each transaction. If a high end hotel/resort does US$1 million per year in business with American Express for instance they could be charged as much as US$35,000 in annual fees. ApplePay, a new payment system launched on October 21, 2014 was supposed to be the answer to this problem but it seems that the new system might be on the rocks. The Verge reported yesterday that ApplePay was apparently being avoided by most of the major retailers, some of whom (Walmart, Kmart, 7-Eleven, and Best Buy) are planning their own mobile payment app called CurrentC , which is expected to launch next year sometime. This means that it is unlikely that they will be gett...

Full article: http://cointelegraph.com/news/112803/applepay-faltering-c...

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