Apple is 'Watching Cryptocurrency' and Wants to Do More With Tipping and Mobile IDs

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Apple Pay vice president Jennifer Bailey recently sat down with CNN anchor Christine Romans at a private event in San Francisco to discuss the future of payments, including Apple Pay and the Apple Card.

Apple Pay vice president Jennifer Bailey via CNN Business

As to be expected, Bailey made some boilerplate comments about the security, privacy, and ease of use of both Apple Pay and the Apple Card, but she also touched on cryptocurrency, tipping, and mobile IDs.

On cryptocurrency, Bailey said it is an "interesting" field with "long-term potential":
We're watching cryptocurrency. We think it's interesting. We think it has interesting long-term potential, but we're primarily focused on what consumers are using today... and are happy with. Most people are pretty happy with their debit card as an example. And so helping people do that in a more secure way on our platform and in a more real time way is what we're focused on.
On tipping, Bailey said it is one area where Apple still needs to "work more on that":
We get that feedback a lot from customers about when they start using mobile payments and Apple Pay, they stop carrying cash. And one of the key areas where they would like us to do more is actually in tipping. You'll see in some of the point-of-sale systems now great tipping functionality if you pay with mobile payments, but still that personal touch is one area where we still need to work more on that.
Apple Pay and the Wallet app have already provided digital alternatives to credit and debit cards, student IDs, movie tickets, boarding passes, and more. Asked what the hardest remaining item in a wallet would be to digitize, Bailey said identities, such as a driver's license or a passport:
I think the hardest thing is identity. And the reason is that identity, to be legal, has to be government issued... it has to be authenticated by the government. We see across the globe many countries starting to use mobile to add passport... you might use mobile passport when you're going through airports today. It is moving, and I think it will continue. It's not too far away... it just won't be as fast as some of the other activities we have.
Bailey also confirmed that Apple is "working on" allowing users to export their Apple Card financial data to a budgeting app like Mint.

Article Link: Apple is 'Watching Cryptocurrency' and Wants to Do More With Tipping and Mobile IDs
 

icanhazapple

macrumors 6502
Feb 26, 2009
455
718
I've noticed certain point of sale systems (such as Square) can be customized so that a tip is automatically included with a default tip % amount.
 

ThirteenXIII

macrumors 6502a
Mar 8, 2008
719
55
cryptocurrency/bitcoin? good luck with that. it may be useful for a secular type of financials but I dont see it going into everyones pockets or ewallets.

tipping? bleh.

**edit, why are my posts being edited?
"tipping? bleh. (I tip well, but its getting pretty ridiculous as prices continue to go up and they dont pay their people)."
 
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laz232

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Feb 4, 2016
443
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At a café near you
"We're watching cryptocurrency. We think it's interesting. We think it has interesting long-term potential, but we're primarily focused on what consumers are using today... and are happy with. Most people are pretty happy with their debit card as an example. And so helping people do that in a more secure way on our platform and in a more real time way is what we're focused on."

I just want Apple to make great computers and OSes so that I can do my work most efficiently. I want Apple Computer Company - not Apple Consumer Company

The last thing that anyone should want is a single powerful company that has all your data, what you think (texts, Siri etc), what you spend it on (banking) - and is willing to share it with the government (Apple has already admitted this in released emails - Tim Cooks protests and tweets are not legally binding). Because, you know, company CEOs, like presidents, aren't always on your side. They are on the side of the shareholders


On a recent podcast, Adam Curry reminded me that under Steve Jobs Apple’s mission statement was
“To make a contribution to the world by making tools for the mind that advance humankind.”

Apple’s current mission statement is “Apple designs Macs, the best personal computers in the world, along with OS X, iLife, iWork and professional software. Apple leads the digital music revolution with its iPods and iTunes online store. Apple has reinvented the mobile phone with its revolutionary iPhone and App store, and is defining the future of mobile media and computing devices with iPad.”

And now Apple is revolutionizing the credit card industry - buy, buy, buy more, people!
 

CreeptoLoser

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Jul 28, 2018
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cryptocurrency/bitcoin? good luck with that. it may be useful for a secular type of financials but I dont see it going into everyones pockets or ewallets.

tipping? bleh. (I tip well, but its getting pretty ridiculous as prices continue to go up and they dont pay their people).
bitcoin is going nowhere regardless of all the fake prices and paid bot accounts hyping it. None of the creeptos are. They are a crime infested cesspool of scams and the public has too much awareness of it now. She was giving a polite answer because she was asked a question and doesnt want to offend potential customers who may have wasted their money on crapto creepto pump n dump scams.
 

ThirteenXIII

macrumors 6502a
Mar 8, 2008
719
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"We're watching cryptocurrency. We think it's interesting. We think it has interesting long-term potential, but we're primarily focused on what consumers are using today... and are happy with. Most people are pretty happy with their debit card as an example. And so helping people do that in a more secure way on our platform and in a more real time way is what we're focused on."

I just want Apple to make great computers and OSes so that I can do my work most efficiently. I want Apple Computer Company - not Apple Consumer Company

On a recent podcast, Adam Curry reminded me that under Steve Jobs Apple’s mission statement was
“To make a contribution to the world by making tools for the mind that advance humankind.”

Apple’s current mission statement is “Apple designs Macs, the best personal computers in the world, along with OS X, iLife, iWork and professional software. Apple leads the digital music revolution with its iPods and iTunes online store. Apple has reinvented the mobile phone with its revolutionary iPhone and App store, and is defining the future of mobile media and computing devices with iPad.”

And now Apple is revolutionizing the credit card industry - buy, buy, buy more, people!
its sad, I really like the hardware apple has produced, but its becoming a parody of itself lately. they dont do any one thing well. polish Apple Music, Apple TV and this disaster of the the appletv app in catalina/ios. etc
 
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macduke

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Jun 27, 2007
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It doesn't already work with Mint? I'm glad I didn't sign up yet.

I'd love it if they worked on ID stuff. I don't ever want to carry a wallet again. I only want to carry my iPhone.

While they're at it, they should work on some kind of an open source car key system that works with Siri and the Wallet app. When you tap on your key, it could show you where you parked your car, with options to start it heating/cooling. I think there are apps that can do this (my SUV is not new enough to be this advanced) but it would be nice if it was all bundled into Apple's security framework for authentication.
 
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Skika

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Mar 11, 2009
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bitcoin is going nowhere regardless of all the fake prices and paid bot accounts hyping it. None of the creeptos are. They are a crime infested cesspool of scams and the public has too much awareness of it now. She was giving a polite answer because she was asked a question and doesnt want to offend potential customers who may have wasted their money on crapto creepto pump n dump scams.
Blockchain agnostic middleware for temper proof automated smart contracts.
 
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Strelok

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Jun 6, 2017
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bitcoin is going nowhere regardless of all the fake prices and paid bot accounts hyping it. None of the creeptos are. They are a crime infested cesspool of scams and the public has too much awareness of it now. She was giving a polite answer because she was asked a question and doesnt want to offend potential customers who may have wasted their money on crapto creepto pump n dump scams.
There’s more to cryptocurrency than bitcoin and other random crypto coins....
 

thisisnotmyname

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Oct 22, 2014
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As much as I'd like to remove the last of "cards" we need to carry by having a virtual ID I'm not sure I want government issued items in my phone. Various agencies are already clamoring for a reason to have access to mobile devices, needing to "audit" and "validate" IDs would be one more lever to try and gain further access. Maybe my tin foil hat is a little too tight today though :p
 

MauiPa

macrumors 6502a
Apr 18, 2018
707
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its sad, I really like the hardware apple has produced, but its becoming a parody of itself lately. they dont do any one thing well. polish Apple Music, Apple TV and this disaster of the the appletv app in catalina/ios. etc
Of course not, they do a lot of things well. I upgraded from windows - never going back
 
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Apple Freak

macrumors member
May 22, 2009
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It doesn't already work with Mint? I'm glad I didn't sign up yet.

I'd love it if they worked on ID stuff. I don't ever want to carry a wallet again. I only want to carry my iPhone.

While they're at it, they should work on some kind of an open source car key system that works with Siri and the Wallet app. When you tap on your key, it could show you where you parked your car, with options to start it heating/cooling. I think there are apps that can do this (my SUV is not new enough to be this advanced) but it would be nice if it was all bundled into Apple's security framework for authentication.
My only thing with digital driver licenses and such is that if I happen to get pulled over by a cop, I don't want to hand them my iPhone to verify my ID.
 

MauiPa

macrumors 6502a
Apr 18, 2018
707
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As much as I'd like to remove the last of "cards" we need to carry by having a virtual ID I'm not sure I want government issued items in my phone. Various agencies are already clamoring for a reason to have access to mobile devices, needing to "audit" and "validate" IDs would be one more lever to try and gain further access. Maybe my tin foil hat is a little too tight today though :p
Exactly right. the US Constitution prohibits unreasonable search and seizure, but increasingly, if it's digital, they want to grab it. If they can't get a search warrant, they shouldn't be allowed to look!
 
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dontwalkhand

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Jul 5, 2007
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It doesn't already work with Mint? I'm glad I didn't sign up yet.

I'd love it if they worked on ID stuff. I don't ever want to carry a wallet again. I only want to carry my iPhone.

While they're at it, they should work on some kind of an open source car key system that works with Siri and the Wallet app. When you tap on your key, it could show you where you parked your car, with options to start it heating/cooling. I think there are apps that can do this (my SUV is not new enough to be this advanced) but it would be nice if it was all bundled into Apple's security framework for authentication.
You can add this to any car right now with the Viper SmartStart system. I would love to not carry a wallet or car keys again. They have solved the whole bus pass thing at least, but come on, lesser cards, lesser stuff. I am a man, I don't get to carry a purse with me, so the more my phone can do, the better off it is.
 

MauiPa

macrumors 6502a
Apr 18, 2018
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I am on a trip to Canada, Apple Pay is pretty universally available, much more widespread than the US (so much for the US being a tech leader, yah?). It's great, you pay in taxi's, on the subway, in restaurants. Just enter info, and put my watch near the reader. Tips are a bit awkward on readers. Select a method (amount, percent), select the amount, then OK. It would be nice to preselect it on a standard interface, tap, tap done!

One more thing of note. Cabs in Vancouver actually have an app similar to UBER (no Uber, though). Benefit is cabs go call to call and are scheduled like Uber rides, but cabbies are professional, trained and certified! Way to go, much better than Uber. Prices are reasonable too. and you pay with Apple Pay!

No idea if you can use Samsung Pay and Google Pay and all the others, because I don't us them. I would guess they work as well.
 

dontwalkhand

macrumors 603
Jul 5, 2007
5,269
1,285
My only thing with digital driver licenses and such is that if I happen to get pulled over by a cop, I don't want to hand them my iPhone to verify my ID.
Everytime this comes up, everyone mentions this. As I have said in previous posts involving this, you never have to hand your phone to a cop, much like mobile insurance cards of today. It works like Apple Pay, you tap a reader, or scan their QR code, or they scan your code with their handheld devices. In order for your state to issue mobile IDs however, your police departments have to be high tech as well, I am happy the ones in AZ are.
[doublepost=1567700697][/doublepost]
I am on a trip to Canada, Apple Pay is pretty universally available, much more widespread than the US (so much for the US being a tech leader, yah?). It's great, you pay in taxi's, on the subway, in restaurants. Just enter info, and put my watch near the reader. Tips are a bit awkward on readers. Select a method (amount, percent), select the amount, then OK. It would be nice to preselect it on a standard interface, tap, tap done!

One more thing of note. Cabs in Vancouver actually have an app similar to UBER (no Uber, though). Benefit is cabs go call to call and are scheduled like Uber rides, but cabbies are professional, trained and certified! Way to go, much better than Uber. Prices are reasonable too. and you pay with Apple Pay!

No idea if you can use Samsung Pay and Google Pay and all the others, because I don't us them. I would guess they work as well.
Sounds like my experience in the US :-/. I use Apple Pay pretty much everywhere, but where the US does lag behind is restaurants. But I also pay in taxis with Apple Pay, as well as train stations and buses (but currently in most cities, you Apple Pay for a pass in the transit agency's apps, but it is still Apple Pay).
 

GenesisST

macrumors 68000
Jan 23, 2006
1,706
580
Where I live
I am on a trip to Canada, Apple Pay is pretty universally available, much more widespread than the US (so much for the US being a tech leader, yah?). It's great, you pay in taxi's, on the subway, in restaurants. Just enter info, and put my watch near the reader. Tips are a bit awkward on readers. Select a method (amount, percent), select the amount, then OK. It would be nice to preselect it on a standard interface, tap, tap done!

One more thing of note. Cabs in Vancouver actually have an app similar to UBER (no Uber, though). Benefit is cabs go call to call and are scheduled like Uber rides, but cabbies are professional, trained and certified! Way to go, much better than Uber. Prices are reasonable too. and you pay with Apple Pay!

No idea if you can use Samsung Pay and Google Pay and all the others, because I don't us them. I would guess they work as well.
Except that most places have a 100$ limit on contactless payment (card, Apple Pay, Google, etc). Readers don't know whether it is Apple Pay (very secure) or a card (which could be stolen).

Last week, I forgot my wallet and bought 170$ of groceries. Cashier was nice enough to let me pay in two scans.
 

Ramchi

macrumors 6502a
Dec 13, 2007
846
392
India
Next, The Apple Bank !! A sorry story of a global trillion dollar tech giant becoming a Fin Tech company!!
 

cmaier

macrumors G5
Jul 25, 2007
14,986
9,836
California
"We're watching cryptocurrency. We think it's interesting. We think it has interesting long-term potential, but we're primarily focused on what consumers are using today... and are happy with. Most people are pretty happy with their debit card as an example. And so helping people do that in a more secure way on our platform and in a more real time way is what we're focused on."

I just want Apple to make great computers and OSes so that I can do my work most efficiently. I want Apple Computer Company - not Apple Consumer Company

The last thing that anyone should want is a single powerful company that has all your data, what you think (texts, Siri etc), what you spend it on (banking) - and is willing to share it with the government (Apple has already admitted this in released emails - Tim Cooks protests and tweets are not legally binding). Because, you know, company CEOs, like presidents, aren't always on your side. They are on the side of the shareholders


On a recent podcast, Adam Curry reminded me that under Steve Jobs Apple’s mission statement was
“To make a contribution to the world by making tools for the mind that advance humankind.”

Apple’s current mission statement is “Apple designs Macs, the best personal computers in the world, along with OS X, iLife, iWork and professional software. Apple leads the digital music revolution with its iPods and iTunes online store. Apple has reinvented the mobile phone with its revolutionary iPhone and App store, and is defining the future of mobile media and computing devices with iPad.”

And now Apple is revolutionizing the credit card industry - buy, buy, buy more, people!
Apple does not have all your data. They host a lot of data encrypted, and don't have the keys. Apple is not "willing to share" anything with the government other than what is legally required in each jurisdiction where they do business. Where do you get all this information you are claiming?
 
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macduke

macrumors G4
Jun 27, 2007
10,651
14,210
Central U.S.
My only thing with digital driver licenses and such is that if I happen to get pulled over by a cop, I don't want to hand them my iPhone to verify my ID.
That is true. If it was in the wallet app, perhaps it could just be behind the double click on the side button? They wouldn't be able to get in any deeper than that unless you have lock screen stuff turned on without Touch/Face ID.
 

Hessian

macrumors newbie
Jul 18, 2004
10
37
My only thing with digital driver licenses and such is that if I happen to get pulled over by a cop, I don't want to hand them my iPhone to verify my ID.
Don't think so in terms of todays manual tech. How about you tap your phone or watch to a reader?
 

tmiw

macrumors 68020
Jun 26, 2007
2,154
475
San Diego, CA
There's already a tipping solution: simply have customer facing equipment (whether wireless terminals brought by servers or making people pay at the front or some other mechanism). Unfortunately, chip and signature made it extremely easy for restaurants and other tip-reliant industries to cheap out, so here we are.

(so much for the US being a tech leader, yah?)
I'm not sure the US has been a leader in any day to day tech for a while, especially banking related.

It also wouldn't surprise me if the US never achieves 100% NFC adoption (or takes so long to do it that the rest of the world moves onto something else, causing us to have compatibility etc. issues all over again). A lot of stores aren't the biggest fans of Visa and MC, after all.