When Bill Gates speaks on a tech issue, it's best to pay attention. Earlier this month, he shared his thoughts on the mobile payments space and according to the Microsoft founder, NFC and Apple Pay are driving the industry into the future.
Gates was recently interviewed by Bloomberg and the two sides discussed several topics. When Microsoft's long-time rival and its recent announcements regarding new smartphones, a smart watch and an NFC-based payment system were mentioned, Gates was enthusiastic in his answer, stressing that Apple is setting the bar for mobile payments.
"Apple Pay is a great example of how a cell phone that identifies its user in a pretty strong way [i.e. the fingerprint sensor] and lets you make a transaction that should be very, very inexpensive," he said.& … more