How Apple Pay Will Take Over Credit Card Industry


Apple Pay was launched last year, and has been growing steadily ever since. It recently announced a deal with China’s UnionPay to operate nationwide in the People’s Republic.

As the app continues to gain traction, it eventually will no longer need the support of credit cards and banks. With blockchain technology, it can offer an alternative form of payment.

Blockchain is the technology behind Bitcoin, and allows the creation of digital currencies and online banks.

Image via Flickr/Blake Patterson

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