APPLE PAY STRUGGLES – NOW RETAIL PAYMENTS RIVAL CURRENTC IS HACKED

NEW YORK (InsideBitcoins) – These are difficult days in the alternative payment space. First, Apple Pay, the newly-launched payment platform from Apple has struggled to gain acceptance – from retailers. CVS and Rite-Aid abruptly pulled support for the payment system last weekend, citing a contractual conflict. It seems the pharmacy chains are a part of the 50-member Merchant Customer Exchange (MCX) group, a consortium that includes retail powerhouses Walmart and Best Buy. The association has been working to develop its own Apple Pay-competing payment platform.

This post was published at Inside Bitcoins on Oct 29, 2014.