HOW BITCOIN STACKS UP TO APPLE PAY, SNAPCASH, VENMO AND OTHER PAYMENT INNOVATIONS

NEW YORK (InsideBitcoins) – As bitcoin has continued to evolve over the course of 2014, we’ve also seen the growth of new payment innovations from Silicon Valley. Many entrepreneurs are trying to figure out how to cut costs and make payments easier for the entire world. Snapchat recently announced that their users will now be able to send payments to each other at the tap of a touchscreen, while Venmo has become wildly popular as an app for paying back a friend for last week’s lunch outing. There’s also Apple Pay, which many believe will finally bring NFC payments to the mainstream.
With all of these new payments innovations, some would say that bitcoin is losing many of its main selling points. After all, the venture capitalists who have invested in bitcoin startups are doing their best to onboard everyone from your son to your grandmother to the bitcoin ecosystem.

This post was published at Inside Bitcoins on Dec 4, 2014.