3 ms·
Dang, super disappointing. Hope Apple changes things up so that we can transact digitally without leaving a trail.
by gnicholas 2y ago
Dang, super disappointing. Hope Apple changes things up so that we can transact digitally without leaving a trail.
- lxgr 2y agoI also really hope that somebody steps up and fills the gap that the widespread disappearance of cash has left in terms of payments privacy and resiliency. While Apple would be a great candidate from a technical point of view (unlike many other manufacturers, they exclusively control both the smartcard chip/"Secure Element" and the Secure Enclave in all of their devices, which would both be good candidate technologies for P2P digital cash that works without an internet connection), I don't see it happening. Why would they pick a fight with banks, governments, and payment networks, when they can just continue in their position as part of that ecosystem? Also, even as an Apple user I would find it quite concerning if we'd replace cash with a proprietary technology. And I don't exactly see Apple participating in or even driving the development of a new, open standard, unless possibly forced by a regulator.
- gnicholas 2y agoI agree it's not super likely, unfortunately. > Also, even as an Apple user I would find it quite concerning if we'd replace cash with a proprietary technology. I'm not saying we should replace cash, just that it would be nice if a cash-like option were available for digital payments.