Rumor: Apple To Implement a New System of Online Payments, In Direct Competition with PayPal?

Silicon Alley Insider has posted a rumor, not confirmed yet, received from Wall Street. Course covers Apple and the ability to compete with eBay, or better with its online payment system known as “PayPal”. The system would allow Apple users to make payments on third party sites, using the iTunes Store.

iPay

Apple currently holds 30% derived from the AppStore and sales through the In-App Purchase. Implementing a proprietary system for payments, this figure would necessarily be reduced, in order to maintain competition with others. Analysts have not yet found a good reason to push society in that direction.
Apple will probably start to see a good future for these online payment systems, or could be the first step toward a system for making purchases from your iPhone.

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Computer Science Student from University of Cincinnati turned writer with my first iPhone. I like to travel, make friends with tech minded folks on internet. I write on my 13" MacBook Pro Retina and iPad Air Cellular. Black iPhone 5S is my sidekick.