Why Was Apple Pay Blocked at CVS, Rite Aid?

The transcript discusses the competition between Apple Pay and the Merchant Customer Exchange (MCX), highlighting the differing goals of privacy and data collection. Retailers aim to eliminate credit card fees and gather customer data, while Apple Pay focuses on consumer privacy. The discussion also covers the potential for retailers to use multiple payment systems, the slow pace of innovation in payments, and the impact of credit card fees on retailers. Alternatives like Bitcoin are mentioned as potential disruptors to the current system.

How might the introduction of Bitcoin or similar technologies change the retail payment landscape?

What implications does the competition between Apple Pay and traditional payment methods have for consumers?

What factors contribute to the slow innovation in payment systems according to the discussion?