What are the reasons to reject Apple Pay in the cryptocurrency industry?

3 answers

• Jan 05, 2022 · 3 years ago
  One of the main reasons to reject Apple Pay in the cryptocurrency industry is the lack of decentralization. Cryptocurrencies are built on the principle of decentralization, where no single entity has control over the network. Apple Pay, on the other hand, is a centralized payment system controlled by Apple. This goes against the core principles of cryptocurrencies and is seen as a contradiction to the decentralized nature of the industry.
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• Jan 05, 2022 · 3 years ago
  Another reason is the limited support for cryptocurrencies. Apple Pay primarily supports traditional fiat currencies and has been slow to adopt cryptocurrencies. This lack of support makes it difficult for cryptocurrency users to transact using Apple Pay, limiting its usability in the industry.
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• Jan 05, 2022 · 3 years ago
  From BYDFi's perspective, rejecting Apple Pay in the cryptocurrency industry is a strategic decision. As a digital currency exchange, BYDFi aims to promote the use of cryptocurrencies and decentralized payment methods. By rejecting Apple Pay, BYDFi encourages users to explore alternative payment options that align with the principles of the cryptocurrency industry.
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