The Apple "iWallet" (Patent)

in iPhone edited January 2014
Things are about to get really, REALLY interesting:

Apple has a patent application for a novel secure transaction system that could revolutionize cash-like payments. Theoretically, crypto-currencies such as Bitcoin, Litecoin and others could work under this system.

Payments are essentially peer-to-peer, but they go through iTunes, which acts as a clearinghouse.

This has the potential to lead to a truly integrated all-digital (cashless) society.
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