Bill Gates: Apple Pay Is "fantastic" And A "real Contribution"

[donganaaK]

Bill Gates: Apple Pay is "fantastic" and a "real contribution"

by Yoni Heisler  @edibleapple | Oct 3rd 2014 at 10:00AM

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Bill Gates yesterday sat down for an insightful interview with Erik Schatzker of Bloomberg where the Microsoft co-founder discussed, amongst other topics, his efforts to leverage the ubiquity of cellphones to help bring affordable and digital banking options to the world's poorest countries.

Midway through the interview, the topic turned briefly to Apple Pay, Apple's upcoming mobile payments platform. Gates had positive things to say about Apple Pay, calling it a "real contribution."

Well, Apple Pay's a great example of how a cell phone that identifies its user in a pretty strong way lets you make a transaction that should be very, very inexpensive. So the fact that in any application I can buy something, that's fantastic. The fact I don't need a physical card anymore, I just do that transaction and you're going to be quite sure about who it is on the other end, that is a real contribution.

Gates further added that it's only a matter of time before similar functionality becomes available across all mobile platforms.

And all the platforms, whether it's Apple's or Google's or Microsoft, you'll see this payment capability get built in. That's built on industry standard protocols, NFC. And these companies have all participated in getting those going. Apple will help make sure it gets to critical mass for all the devices.

As we noted yesterday, the broad mechanisms that govern Apple Pay aren't built on proprietary Apple technologies. Rather, Apple Pay adheres to an emerging industry standard regarding token-based mobile payments and, as a result, there's nothing to prevent companies like Google and Microsoft from implementing similarly secure mobile payment platforms of their own in the near future.

The full Gates interview can be viewed below:


via Business Insider

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[Hyderabad_Nawab]

Already PASS BOOK e Mast use ayitundhi....Inka APPLE PAY kuda Vaste...Pandage Pandaga...

Kaani just Concerned abt Security...Seers.....

[donganaaK]

Already PASS BOOK e Mast use ayitundhi....Inka APPLE PAY kuda Vaste...Pandage Pandaga...

Kaani just Concerned abt Security...Seers.....

 

yeah i think security aspect lo strong ga ne undi according to wt he told .... full fledged ga usage start ayyaka kaani teliyadu ..

[Hyderabad_Nawab]

yeah i think security aspect lo strong ga ne undi according to wt he told .... full fledged ga usage start ayyaka kaani teliyadu ..

Already Apple Rapidly expanding anukunta Companies tho tie -up to use dis system...yeah as u said full fledged ga use avuthe kaani telvadhu..

 

Kaani Monna Jarigina Incident (ICLOUD Hacking- Adhi kuda accounts info steal chesaaru ani vinna which apple has no control, Not Icloud Servers) Pakkana pedithe -

APPLE has best Security/Safety Record Out of All..;)

[donganaaK]

Already Apple Rapidly expanding anukunta Companies tho tie -up to use dis system...yeah as u said full fledged ga use avuthe kaani telvadhu..

 

Kaani Monna Jarigina Incident (ICLOUD Hacking- Adhi kuda accounts info steal chesaaru ani vinna which apple has no control, Not Icloud Servers) Pakkana pedithe -

APPLE has best Security/Safety Record Out of All.. ;)

 

yeah but monna jarigindi actually hacking kaadu bhaiyya ... thats phishing attack , passwords steal chesaru through some other sources , apple servers ni aithe hack cheyaledu ...... yeah unna vaatillo apple has the best security

[Guest]

Apple pay baane undi vayya..6, 6+ la undi feature..ee debbatho ebay paypal ni separate company chesaad..paypal separate gaa list avtadi inka.

[Hyderabad_Nawab]

yeah but monna jarigindi actually hacking kaadu bhaiyya ... thats phishing attack , passwords steal chesaru through some other sources , apple servers ni aithe hack cheyaledu ...... yeah unna vaatillo apple has the best security

Yup...Adhe Kadha...Apple APPS ki kuda Mast Security untadhi...alaantidhi ICLOUD hack Cheyyadam Kastam...

[Hyderabad_Nawab]

Apple pay baane undi vayya..6, 6+ la undi feature..ee debbatho ebay paypal ni separate company chesaad..paypal separate gaa list avtadi inka.

Already dey Started to Separate...

[donganaaK]

Apple pay baane undi vayya..6, 6+ la undi feature..ee debbatho ebay paypal ni separate company chesaad..paypal separate gaa list avtadi inka.

 

paypal ki biggest problem ippudu apple pay , unless he comes up with something innovative again..

 

Yup...Adhe Kadha...Apple APPS ki kuda Mast Security untadhi...alaantidhi ICLOUD hack Cheyyadam Kastam...

 

yeah bro .. thats true

[Hyderabad_Nawab]

EBay is spinning off its online payment service PayPal as a separate company.

 

The move, which has long been urged by some Wall Street analysts, was announced Tuesday. It is expected to take place in the second half of 2015.

The news sent shares of eBay (EBAY, Tech30) up more than 6% in early trading.

"This is the best path for delivering sustainable shareholder value," the company said in its announcement.

[Guest]

Already dey Started to Separate...

u smart boy.fleez dont cry..

[Guest]

paypal ki biggest problem ippudu apple pay , unless he comes up with something innovative again..

 

 

inka yem chesinaa kashtame...but apple haters sahakaaram maatram untadi..

[donganaaK]

inka yem chesinaa kashtame...but apple haters sahakaaram maatram untadi..

 

[Hyderabad_Nawab]

u smart boy.fleez dont cry..

Kastaalu mayya ..kastaalu....Mandhu taagina ventane Nidra Vastundhi..

[Guest]

Kastaalu mayya ..kastaalu....Mandhu taagina ventane Nidra Vastundhi..

nidra vaste manchide..inka yedanna vaste maatram..