larryjw
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Banks teaming up to fight Apple Wallet & PayPal
I have my bank and credit union cards in my Apple Wallet in addition to my Apple Card. All work just fine. The banks involved with this Apple "competitor" want something more than they already have -- some connection with Zelle -- which both my bank and credit union already offer -- just not via their plastic.narwhal said:Too many cooks -- it's doomed to fail. But I'm guessing the banks are nervous about Apple's and Google's digital wallets someday replacing them. I suppose if Apple and Google add loans and investments to their wallets, brick-and-mortar banks won't have much purpose.
I can't image that their new proposed offering will amount to anything special. As it is, they already have on their plates their implementation of FedNow and the proposed Fed's CBDC (central bank digital currency).
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Spotify lays off 6% of workforce, loses content chief
The least important person in most organizations is the CEO.
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Apple staked the NFL Sunday Ticket deal on VR, and failed
Giving the NFL heads up. The NFL better not make a restrictive long term contract, else they’ll miss out on Apple’s AR/VR. -
Twitter Blue will cost more on an iPhone, than through a browser
Isn’t how it’s supposed to work?
if Apple charges 30% to support your app, you price your app to account for the charge.Perfectly reasonable to me. You still have to appeal to your customer. It’s a balance ever business must make,
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Coinbase doesn't want to pay Apple for in-app NFT transfers
That has been my sense also. Except, I don’t agree that blockchain as used by Bitcoin, is a good technology. No question that the overhead incurred for fiat currencies is far from trivial, I still find the cost of mining Bitcoins makes it less than a good technology.DAalseth said:
Agreed. When Bitcoin first appeared I looked into it. I soon realized they were imaginary bags of nothing that people held while they looked for a sucker to buy them. The sad part is that blockchain is a good technology. Unfortunately it’s been so tainted by fraudsters and the greedy stupid, that I doubt that it will ever be used for anything good.JP234 said:What I don't get is why anyone would buy an NFT. Or any cryptocurrency either, for that matter. These are derivatives with no inherent value, produce nothing, and can't be used for anything. They're just a vehicle for the "greater fool theory." You, the fool, overpay for some worthless item, and then starts the desperate search for the "greater fool," who is willing to overpay more than you, to sell it to.
This is not a strategy for long term wealth building. In the words of the late shadow president, Nancy Reagan, "Just Say No." Then go out and find great companies with a history of growing earnings and increasing dividends. Like Apple or Microsoft or Lockheed Martin.
