Thu. 01/27 – Apple To Block Block (Née Square)?

Tech Brew Ride Home

Amalgamated Internets, LLC

Tech News, Technology, News

4.7 • 1K Ratings

🗓️ 27 January 2022

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

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Summary

Apple is coming for Block’s Square dongle with a new ability to accept payments just using your iPhone. The dilemma that is the Spotify/Neil Young situation. OpenAI is an interesting raise. Fireblocks is an interesting raise. And why has the r/antiwork subreddit suddenly gone private? Sponsors: Smith.ai promocode techmeme for $100 off signup Linkedin.com/ride Links: Apple to Rival Square by Turning iPhones Into Payment Terminals (Bloomberg) Spotify Takes Down Neil Young’s Music After His Joe Rogan Ultimatum (WSJ) Facebook’s Cryptocurrency Venture to Wind Down, Sell Assets (WSJ) OpenAI co-founder Sam Altman ridicules start-up fundraising process (CNBC) Fireblocks raises $550 million in Series E funding, now valued at $8 billion (The Block) Anti-Work Subreddit Suddenly Goes Private to Clean Up After ‘Brigading’ (Bloomberg) Anti-work subreddit implodes after rough Fox News interview (Mashable) Valve will start selling the Steam Deck on February 25th (The Verge) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Tech Mem Ride Home for Thursday, January 27th, 2022. I'm Brian McCullough today.
0:09.4	Apple is coming for Block's SquareDongle with a new ability to accept payments just using your iPhone.
0:15.1	The dilemma that is the Spotify Neil Young situation.
0:19.0	Open AI is an interesting raise.
0:20.7	Fire blocks is an interesting raise and why has the R slash anti work
0:25.1	subreddit suddenly gone private here's what you miss today in the world of tech
0:30.2	sources are telling Mark Germin that Apple is working to let businesses accept payments on their
0:37.4	iPhones without extra hardware thanks to Tech from Mobywave, which Apple acquired back in 2020.
0:44.7	In other words, why use some sort of hardware accessory
0:47.2	like the square dongle when you could just use your phone
0:49.7	itself to accept payments?
0:52.2	Quote, Apple is planning a new service that will let small. to accept payments. quote,
0:53.0	Apple is planning a new service that will let small businesses accept payments directly on their iPhones without any extra hardware according to people with knowledge of the matter.
1:00.0	The company has been working on the new feature since around 2020 when it paid about a hundred million dollars for a Canadian startup called Moby Wave that developed technology for smartphones to accept payments with the tap of a credit card.
1:11.0	The system will likely use the iPhone's near-field communications or
1:14.2	NFC chip that is currently used for Apple Pay. In order to accept payments on an
1:18.9	iPhone today, merchants need to use payment terminals that plug in or
1:22.2	communicate with the phone via Bluetooth.
1:24.7	The upcoming feature will instead turn the iPhone into a payment terminal itself, letting
1:28.9	users such as food trucks and hairstylists accept payments with the tap of a credit card or another iPhone
1:34.4	on to the back of their device."
1:36.1	End quote.
	...

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