Apple’s offering is too little and possibly too late. Amusingly, America’s tech journalists hailed Apple’s addition of an eight-year-old technology to Apple Pay and iMessages as a “major development.” Business Insider even called it a “Venmo Killer.” The first version of PayPal’s (NASDAQ: PYPL) Venmo was released back in 2009; eight years ago. Apple is not behind the curve here, it seems to be stuck in the last decade. Nor is it just Venmo, that has beaten Apple to the punch; Square’s (NYSE: SQ) Square Cash has been on the market since 2013.