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Because it's unregulated and any problems then lands at Apple's door to adjudicate so they don't want these headaches because to do so requires setting up chann
by alaskamiller 13y ago
Because it's unregulated and any problems then lands at Apple's door to adjudicate so they don't want these headaches because to do so requires setting up channels and systems and policies for the local, state, federal, and international areas of contention but the lack of profit incentives makes this a simple decision.
Do I get a MBA now?
- sdegutis 13y agoYes!
- deleted 13y ago[deleted]
- Touche 13y agoAren't most iPhone apps "unregulated"?
- mindstab 13y agothere's a lot more "governance" when it comes to money transfer apps than say, games
- smokeyj 13y agoAdd a "for the children" angle and you're ready for congress. Edit: As far as baseless speculation goes, I suspect it has nothing to do with legal liability and Apple being in a better position to release a Square killer at the OS level.
- ceejayoz 13y agoAnd yet, Square Cash was recently approved.
- outside1234 13y agothis bitcoin app was approved previously too
- ceejayoz 13y agoThis Bitcoin app was approved long before the recent spike in public/media/government interest in cryptocurrencies, and new ones are being consistently rejected.
- alaskamiller 13y agoApple will buy Square this year.
- MBCook 13y agoWhat makes you say that? That seems pretty far outside Apple's domain, running payments for physical merchants.
- alaskamiller 13y ago- Scuttlebutt is that Square staff are prepping for an acquisition - Jack Dorsey just sold back some of his own stock to employees - Apple loves Jack Dorsey - iOS platform can benefit from a mobile money processor
- sandipc 13y ago"a mobile money processor" -- like iTunes/App Store?
- alaskamiller 13y agoiStore = wallet (potential intent) Square = card (actual transaction)
- madeofpalk 13y agoThey actually already do this with their retail stores: You can scan products with the Apple Store App and pay for it using your Apple ID and its charged to your credit card on file.
- zimpenfish 13y agoThis is brilliant when you're at a mega-busy Apple store on a Saturday afternoon and all you want is a Lightning cable adapter. Pick, scan, pay, show the nice man on the way out, PROFIT.
- eridius 13y agoYour baseless speculation can be disproven extremely simply, and that is by pointing out that Apple would never broadcast a move (such as entering the payment market) by squashing competition, until they're actually ready to announce. Since they're not announcing anything, it's pretty obvious that this is not motivated by squashing competition for anything.
- chongli 13y agoThe App Store exists for the benefit of one organization: Apple. Whether users or developers benefit from it entirely depends on how their goals align with the goals of Apple. It is a very real and stark example of the principal-agent problem. http://en.wikipedia.org/wiki/Principal-agent_problem http://en.wikipedia.org/wiki/Principal-agent_problem
- msie 13y agoApple's a big company and a pro when it comes to legal matters. Why are they so gunshy about it when Android and Windows stores have bitcoin apps?
- ceejayoz 13y agoMaybe that's where being a pro on legal matters comes in?
- sliverstorm 13y agoWait, so you're saying being a pro on legal matters doesn't mean you just do whatever you want knowing you will always win in court? Damn, so much for that law degree.
- dogecoinbase 13y agoI think you may have just answered your own question.
- alaskamiller 13y agoBecause no one cares about Android or Windows marketplaces.
- tlrobinson 13y agoAlternatively: Apple is poised to take on mobile payments (with over half a billion accounts with credit cards on file) and doesn't want anything to disrupt their plans. Anyway, why is it Apple's responsibility to ensure every app developer and user complies with the law?
- gtirloni 13y agoIt's not. However, all those customers that will get screwed will knock on Apple's door, even if they have been warned with huge blinking-red letters that it is not Apple's responsibility to provide insurance for bitcoin transactions. Apple doesn't need the headache for what will probably be 0.00001% of their revenue.
- rjvir 13y agoAnd yet, Square frequently gets featured by Apple.
- MBCook 13y agoApple benefits when people buy their hardware to use Square. Is the benefit of owning them worth the liability and extra costs? I doubt it.
- tlrobinson 13y agoAdditionally, there are fewer excuses they can use for blocking Square.
- baddox 13y agoI guess companies that openly deal with or accept bitcoins, like Overstock.com or Coinbase, need to hire some MBAs.
- alaskamiller 13y agoOverstock has market capitalization that's barely a rounding error to what Apple does. And Coinbase can't code. Let's be real.
- brubaker 13y agoOverstock doesn't accept bitcoins. It accepts USD in a convoluted payment system from a third party processor.
- MBCook 13y agoOverstock runs a thin margin business. Being able to cut out the 2-3% credit card transaction fee is probably worth the risk for them.
- alexeisadeski3 13y agoProbably not. If you are simply accepting BTC for services/products rendered, the regulations are relatively simple. If you permit individuals to send BTC to one another, you've got a lot of stuff to deal with.
- bredren 13y agoRob from Gliph here. This makes good sense, but it also suggests that Google is more than willing to handle these headaches without profit incentives. While I'm here, if anyone's interested, I'll answer questions live about our experience with Apple on this: https://gliph.me/ibo https://gliph.me/ibo. You may want to review this blog entry to see if your question is already answered: https://blog.gli.ph/2013/12/09/the-state-of-bitcoin-mobile-applications-in-the-app-store-and-google-play/ https://blog.gli.ph/2013/12/09/the-state-of-bitcoin-mobile-a...
- alaskamiller 13y agoNo one cares about the Android marketplace.
- testrun 13y agoCitation needed.
- alaskamiller 13y agoChina.
- briandh 13y agoThat doesn't make any sense. Android phones sold in China don't have the Google Play store, thus Play doesn't matter anywhere?
- testrun 13y agoDon't try using logic here. We are bashing Google Play store here. Any facts, logic and common sense are not allowed. As they say in the classics, we have left the reserve.
- Diamons 13y agoThis is like asking for a citation for what color the sky is. It's common knowledge and accepted fact. The Android store (Play store? Google store? Idk wtf it's even called anymore) is a complete joke and an embarrassment to app stores everywhere. Even the design looks like it was whipped together by developers.
- thinkcomp 13y agoFalse. It is regulated. Coinbase is simply ignoring the regulations. Any exchange app that transmits Bitcoins involves money transmission. Money transmission is regulated in the United States. No one is following the laws. Apple doesn't want another DOJ action. It's that simple.
- Daniel_Newby 13y agoIt's the money handling that is regulated, not the Bitcoins. You can trade Bitcoins for anything except money without any licensing (in the U.S.). Apple wants out so people will not be carrying around irreplaceable wallets in their phones, then blaming Apple when they get robbed.
- pantaril 13y agoFalse, sending/recieving bitcoins/litecoins/dogecoins/monopoly money is not regulated in us. Only if you exchange those for real money in certain ammounts you need to aply for money bussiness transmition/exchange licence.