Earlier this week Apple announced it will soon be rolling out peer-to-peer payments, effectively (bad pun alert) swiping at services from Square, PayPal-owned Venmo, and giant banks that already let you pay friends through mobile apps.
Apple is well-known for biding its time while it watches other companies enter a market, then coming in later with a product or service it thinks will somehow be better. The peer-to-peer payments service is no exception; the question is whether Apple’s will actually be better than the others.
The short answer is we really don’t know yet. I only saw glimpses of “Apple Pay Cash” at WWDC this week, and wasn’t able to pay a friend through iMessage myself. But I saw enough to make me think that Apple has a...
