At Apple's (AAPL 0.49%) recent Worldwide Developers Conference, CEO Tim Cook announced that iTunes has a whopping 575 million active accounts with credit and debit cards on file. This revelation, coupled with a new iOS 7 feature known as AirDrop, could indicate that Apple is getting closer to entering the mobile payments space. In the video below, Fool contributor Steve Heller explains why eBay's (EBAY +1.80%) PayPal unit could have the most to lose.
This competitor comes with unprecedented scale.
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Covering GE and 3D printing at the intersection of business, investing, and what it means for the future of manufacturing. Contributor since December, 2012.
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