Karen Webster writes about Apple’s position in the payments industry and how Apple’s restriction of its NFC chip has hurt consumers.

Granted, it’s always hard to prove a negative, but not having access to the NFC chip has likely prevented innovators from investing time and money in developing the innovations that could have made the in-store POS experience better for iPhone users. And since iPhone users skew more to the affluent, it also denied those innovators the opportunity to monetize their spend.

Check It Out: Should Apple Open its NFC Chip to Third Parties?

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