• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Amazon and Walmart Eye Launch of Their Own Crypto, Details
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Amazon and Walmart Eye Launch of Their Own Crypto, Details
Bitcoinist_Apple Pay

Australian Banks Boycotting Apple Pay Creates Opportunities for Bitcoin

Jp Buntinx
by Jp Buntinx
1 month ago
·
Posted in Bitcoin, Bitcoin Acceptance, Bitcoin Breaking News Brief, Breaking Bitcoin News, Breaking News, Companies, News, News teaser
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Competition in the mobile payments industry is heating up all over the world, but things are getting particularly interesting in Australia. The National Australia Bank has launched a new mobile payment solution for Android users, which will be in direct competition with Apple’s concept. Furthermore, the country’s largest banks are planning to keep boycotting Apple Pay for the foreseeable future. Bitcoin is still the only global mobile payment solution.

Also read: Growing Demand for Global And Real-Time Payments To Boost Bitcoin Adoption

Australian Banks Do Not Like Apple Pay

Bitcoinist_Apple Pay National Australia Bank

Even though any form of mobile payment solution should be designed to benefit the consumer, several Australian banks have a hidden agenda when it comes to boycotting Apple Pay. Despite Apple launching their mobile payment solution in Australia close to a year ago, the company has not succeeded in convincing any of the big banks to work together.

That should come as no major surprise, in fairness, as Australia is only just getting used to the concept of contactless payments. While this may have seemed to be an opportune moment for Apple to launch their Apple Pay service in Australia, they are facing a major challenge. If banks do not cooperate with Apple Pay, the mobile payment solution will not gain any traction in the country.

Which brings us to one of the main flaws of these mobile solutions altogether: they still rely on existing financial infrastructure. Using a credit card or bank account through a mobile application is not an innovation, although Apple would love consumers to think otherwise. Granted, it might be slightly more convenient, but services like Apple Pay will only succeed if they can convince existing financial players. So far, no dice.

But that is not all, as the National Australia Bank has taken things one step further by launching their Android application. NAB Pay, as the solution is aptly named, is a part of the National Australia Bank’s Mobile Internet Banking app. There is one requirement for using this new app, though, as users will need to own an NAB Visa Debit Card to start using the service.

To rub even more salt into the wounds of Apple Pay, Google is making headway to launch Android Pay in Australia this year. So far, the company has been working with Westpac, ANZ, and several other Australian banks, succeeding in key areas where Apple can’t. Needless to say, this competition between Apple, Google, and the Australian banks is far from over.

Bitcoin Is A Global Mobile Payment Solution

Bitcoinist_Apple Pay National Australia Bank Bitcoin

Whether or not this in-house bickering between the parties mentioned above will benefit the consumer, remains to be seen. These days, most people just want a mobile solution that is accessible, works on a global scale and is relatively hassle-free — something already seen in entertainment platforms like Best Online Casinos Australia.Bitcoin seems to check all of those boxes, although the opinions might vary.

There is one key difference between Bitcoin and all of these other solutions that cannot be ignored, though. Unlike efforts by Apple, Google, and others, Bitcoin does not rely on existing financial infrastructure or access to provide services to consumers around the world. To this very date, Bitcoin remains the only global financial service that also works on mobile.

What are your thoughts on the mobile payment solution battle for supremacy in Australia? Is Bitcoin a more viable choice? Let us know in the comments below!

Source: Finextra

Images courtesy of Shutterstock, Apple Pay, NAB

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Jp Buntinx

Jp Buntinx

Follow

JP Buntinx is a freelance Bitcoin writer and Bitcoin journalist for various digital currency news outlets around the world. In other notes, Jean-Pierre is an active member of the Belgian Bitcoin Association, and occasionally attends various Bitcoin Meetups in Ghent and Brussels

Full Profile

Related Posts

GameStop

GameStop Preps War Chest For Potential $1.75 Billion Bitcoin Play

1 day ago
Bitcoin

$130K Bitcoin Will Trigger A HODL Frenzy, CEO Says

1 day ago
Bitcoin

Bitcoin’s High Euphoria Spurs UK Company’s $5 Million Buy

1 day ago
Bitcoin

Spam Wars: Bitcoin Core Devs At Center Of Heated Debate

4 days ago
Netflix

1 Bitcoin Up For Grabs On Netflix Reality Show ‘House Of Streams’

4 days ago
Bitcoin price

Bitcoin Price Approaches $106,000 As Resurgence Continues — But Watch Out For This Level

5 days ago
Please login to join discussion

Premium Sponsors

Press Releases

  • Use OPTO Miner’s new upgraded cloud mining app to...

    2 hours ago
  • APT Miner provides free cloud mining, helping you to easily...

    3 hours ago
  • Huma Finance está revolucionando los pagos

    ¿Qué es Huma Finance? Explorando la primera red PayFi...

    4 hours ago
  • From holding coins to mining: Use Dogecoin to open Bitcoin...

    6 hours ago
  • From cryptocurrency speculation anxiety to easy mining: XRP...

    8 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.