iBeacons: Apple’s Stealth NFC Killer? | InvestorPlace

We’ve talked a lot about mobile payment and the challenge of getting the players — or at least a slim majority of the players — to back a standard in order to gain some momentum.

Apple (AAPL) has been the holdout that refused to participate at all. With the release of the iPhone 5S and its fingerprint scanning Touch ID, it was hoped that Apple would finally choose sides, opening the doors for iPhone-toting consumers to add their considerable numbers and help mobile payment take off.

There’s just one problem though, and it’s a big one. Instead of adopting NFC communication like everyone else, Apple threw a wrench in the works by going with its own iBeacons. Once again, Apple is bucking the established trends and backing technology it feels is superior.

via iBeacons: Apple’s Stealth NFC Killer? | InvestorPlace.