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?
