Is Apple Pay the begining of the end for Bitcoin? Or does it merely represent the big banks and merchant credit card processors' last stand against Bitcoin. Apple joining forces with Visa, Mastercard, American Express, JP Morgan Chase, Bank of America, Wells Fargo, Citibank, Barclays and Capital One certainly is a forbidable force. But Bitcoin represents open-source vs. proprietary closed garden, new digital (crypto)currency vs. traditional fiat money, decentralization vs. centralization. Source: Is Apple Pay a bitcoin killer?