- The Washington Times - Thursday, April 27, 2017

Apple is again seriously considering the launch of its own peer-to-peer payment service, tentatively called Apple Cash, as early as this year, tech-news website Recode reported Thursday.

The Cupertino, Calif.-based company is also looking to ink a deal with Visa for prepaid debit card accounts, Recode said.

“People would be able to use the Apple cards to spend money sent to them through the new service, without having to wait for it to clear to their bank account,” Recode explained, noting that if implemented the debit card “may only come in a digital form” and be tied to the iPhone’s wallet application.

Company sources who spoke to Recode were conflicted on their optimism about the proximity of Apple Cash’s rollout, and it’s notable that the company considered a similar launch in 2015 before it fizzled out.

Recode’s scoop on Apple Cash comes on the heels of reports that the next generation of the company’s iPhone will likely be delayed, with the new iPhone 8 launching as late as November rather than September.

 

 

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