Bitcoin can solve problems that Apple Pay can't solve

Mobile payment is the next key development project in the global financial sector. Many people have begun to pay attention to mobile payment methods represented by Samsung Pay and Apple Pay.

     While both of these payment methods can simplify the payment process by providing payment services on mobile devices, they still have a long way to go to solve the inherent problems of the financial industry.

     Apple Pay is now available to American Express credit card customers.

     American Express Credit Card - Elite now able to enjoy mobile payment services

     Using mobile payments to replace cash and card payments sounds like a perfect solution.

     In written language, even the highly accepted Apple Pay has been plagued by controversy in recent months, which has led to its PR nightmare. But we should have confidence in them, because Apple engineers are working hard to find ways to improve the quality of the service.

     Holders of the American Express Corporate Card, a credit card used by large corporations and elite groups, can now enjoy the convenience of Apple Pay.

     In this way, American Express credit card becomes the first credit card company to use Apple Pay, which will open the door to mobile payment for the general public.

     At launch, Apple Pay is only available to customers in the U.S. and U.K. It has been easy for Apple Pay to attract credit card providers and financial institutions to sign up, with more than 400 banks and credit unions signed up to Apple Pay so far.

     But the key problem for Apple Pay is signing up retailers, mainly because they currently cannot complete payments via NFC.

And Apple Pay isn't the only player in the mobile payments space, as Samsung Pay is set to launch later this month.

     Apple Pay and Samsung Pay only work with the latest versions of their mobile devices, while Google has been working on a global mobile payment service called Android Pay .

     Finally, all of these services will compete with CurrentC, a mobile payments method developed by Merchant Consumer Exchange .

     Apple Pay isn’t the solution to financial problems, but Bitcoin might be .

     No matter how you want to look at it, Apple Pay and its competitors are not the solution to the financial world's problems.

All the mobile payment methods mentioned above rely on the existing financial infrastructure. Credit cards in particular were not born for online payments or mobile payments.

     Bitcoin payment provides a better solution for consumers and merchants. Bitcoin payment can be well used with mobile devices to complete mobile payments.

     On the other hand, merchants will pay lower transaction fees, and they can now receive their money in a few days instead of waiting 30 days.

     Additionally, Apple Pay and the equipment it requires require merchants to invest more in infrastructure to enable NFC payments.

     Bitcoin payments can be done over the Internet, Bluetooth or NFC, which means merchants don’t need to buy payment terminals. Combined with all these facts, Bitcoin is bound to become a reliable solution in the future.