re: Apple Wants You To Dispense Cash
Unless there is something in this model that specifically requires cash to be exchanged, we may be looking at what could be a serious contender for current payment systems.
If no bills and coins have to trade hands, any goods or services could be traded this way. You could buy anything on the spot, just using your phone and the app. Just request the necessary amount from the seller. No ATM, no POS, no card. Apple turns into a bank and every iPhone into a POS.
That's a daring move. From iTunes to iCash?...