Apple's Next Step?
This Could Be Apple’s Biggest Innovation Since the iPhone
Many have deliberated over what a post-Jobs
Apple might look like, and current CEO Tim Cook has offered those doubters a vision of the
company’s future: virtual wallets. He says that ‘we have almost 800 million
iTunes accounts and the majority of those have credit cards behind them. We already have people using Touch ID [Apple’s
fingerprint reader] to buy things across our store, so it’s an area of interest
to us’.
The “it” refers
to virtual wallets – smartphone apps meant to replace the need for credit cards
and cash. Don't be fooled, this is a step further than Barclay’s contactless debit cards.
But getting
people to ditch their trusted, and highly protected, credit cards is proving
tricky for developers – Google’s Wallet for Android has cost the company three
years and half a billion dollars but is largely unknown.
Source: informationng.com |
However, Apple may
succeed where Google failed – the company already has hundreds of millions of
users’ credit card numbers on file; a device that people carry around with them
at all times; and even a fingerprint system to authenticate transactions
(ensuring that stolen iPhones couldn’t be used for payments). The ingredients
are there, it seems it’s just a case of mixing them all together.
Recent graduate and now interning as content editor, when she's not
writing articles Katie can quite likely be found festival-ing,
holiday-ing or reading a book (dedicated English student that she is). Follow her @KatieAtSMF.
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Apple's Next Step?
Reviewed by Anonymous
on
Thursday, July 17, 2014
Rating: