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Apple Targets BitCoin With "iMoney"

Discussion in 'BlackHat Lounge' started by The Scarlet Pimp, Jun 11, 2013.

  1. The Scarlet Pimp

    The Scarlet Pimp Jr. VIP Jr. VIP Premium Member

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    Apple files 'iMoney' patent for virtual currency, digital wallet, and ... free stuff

    Apple has applied for a patent on a combined virtual currency and digital wallet technology that would allow you to store money in the cloud, make payments with your iPhone, and -- just maybe -- communicate with point-of-sale terminals via NFC.

    Not to mention making money by viewing ads.

    The patent application, published today by the U.S. Patent and Trademark Organization, details how iPhone users could walk into a store, pay for goods with their phone, and walk out with their merchandise. All of this is possible today, of course, but Apple's patent application mentions -- although does not require -- NFC, something that Apple has long resisted adding to the iPhone.

    NFC facilitates digital wallets and cashless purchasing by wirelessly transmitting payment credentials and pricing information.

    Interestingly or oddly, as it strikes you, the patent application includes considerable discussion of "free" services or products that users of the system could access. For example, watching ads could result in getting "tokens" that are redeemable for offsetting your mobile carrier costs, or even providing them completely for free.

    Or, like a high-tech virtual coupon, sponsors could assign tokens for any other specific purpose or use they wish, and users could only redeem them for that particular service or product.

    Read More...
    http://venturebeat.com/2013/06/06/a...rtual-currency-digital-wallet-and-free-stuff/
     
  2. tillmanwoods

    tillmanwoods Newbie

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    Such unique and innovative apps and software should be patented and not allow others to use or copy them without the owner's permission.
     
  3. Riders On The Storm

    Riders On The Storm Senior Member

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  4. Black.Star

    Black.Star Junior Member

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    This is great news for bitcoin. Same with the ebay thing last week.
    Not sure how I feel about storing your wallet in the cloud...