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Transferring money quickly amongst smart phones is something that isn't new, Venmo is the big name here. Even WeChat (used a lot in China) is how a lot of people pass money along. Apple is looking into getting into this game as well..
The advantage Venmo, WeChat and other players in this space have is that they are agnostic about the device (iOS or Android) being used..but Apple's solution will obviously be only for the Apple ecosphere, gotta wonder what kind of adoption it will garner..
Read more: https://www.recode.net/2017/4/27/15...itor-money-transfer-cash-peer-to-peer-service
The advantage Venmo, WeChat and other players in this space have is that they are agnostic about the device (iOS or Android) being used..but Apple's solution will obviously be only for the Apple ecosphere, gotta wonder what kind of adoption it will garner..
Read more: https://www.recode.net/2017/4/27/15...itor-money-transfer-cash-peer-to-peer-service