Apple’s Aim: Killing Cash
Apple Pay, the company’s mobile payment service released in 2014, is working to promote a cashless society, Cook said. “We would like to be a catalyst for taking cash out of the system. We don’t think the consumer particularly likes cash,” he told Japanese news service Nikkei in an interview published on Monday.
Apple Pay allows iPhone users to store their credit cards, debit cards and gift cards with the service, paying for goods by simply waving the device near a terminal. While handy for Apple users, the idea remains challenging, as Apple Pay works with Apple products only, meaning that the billions of people who use Android or other devices don’t share the same opportunity. – READ MORE