Apple Pay is another success story — but competition is coming
from By Danielle Wegert
Apple Pay recently introduced the world to a new form of payment and security. Apple Pay uses near-field communication technology and allows users to make a payment using their smartphone and fingerprint. This technology does not send card information, though. Instead, it sends a one-time code to be used for a single transaction. When it first launched, there were many questions and concerns. However, Apple Pay is still in stores and banks are still supporting the technology. So far, so good. But now there is a possible competitor: CurrentC.
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