So it seems that whatever money is sent through Apple Pay is kept in a separate account with Apple Pay as 'Apple Pay Cash' (this was highlighted in the watchOS 4 preview site).
Just wondering what the bigger implication of this is? Surely this can be interpreted as Apple testing the waters to entering consumer banking? I mean Apple Pay Cash in effect becomes a current / checking account for most people?
Just wanted to open this up for discussion and see if anyone has more insight.
Just wondering what the bigger implication of this is? Surely this can be interpreted as Apple testing the waters to entering consumer banking? I mean Apple Pay Cash in effect becomes a current / checking account for most people?
Just wanted to open this up for discussion and see if anyone has more insight.
