Soon, you’llbe able to use alternative payment methodsfrom your phone.
“Whats obvious is that Apple isnt too concerned with losing its position in Europes wallets.
Mobile Wallets
Apple Pay is rad.
Soon, it won’t just be Apple Pay on your iPhone.Blake Wisz / Unsplash
“Using Apple Pay provides an additional layer of security and greater convenience.
However, this method excludes other more interesting payment methods.
Third parties will get access to all the built-in goodies, too.
That smile might disappear when they realize the waiter skimmed their credit card.Skynesher / Getty
That’s a win for privacy.
Apple will no longer know about every transaction you make, for example.
The added competition will also force Apple to make its own digital wallet better.
Remember this?.Jose Luis Pelaez Inc / Getty
Appletakes a cut of every transaction that goes through Apple Pay.
Just askGus Gorman fromSuperman III.
“I would say that one of the largest impacts will be the potential cost-savings for the merchants.
Step by step, Big Tech’s lock-in is getting dismantled, and for the good of everybody.
More of this yo.
