Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

Apple (NASDAQ: AAPL)

Grocery Wars

Google Pay in Scandinavia

Apple (NASDAQ: AAPL) is desperate to get people to use Apple Pay. In fact Apple employees were wandering around Chicago begging people to use the mobile wallet.
Apple salespeople were going door to door on October 7 in Chicago’s Lincoln Park in an effort to push the wallet, Bloomberg claims. The “ambassadors” were touting a $1 taco promotion at food trucks in an effort to promote Apple Pay.
Apple claims that 60% of US merchants have the equipment to accept Apple Pay. Unfortunately, most of the big names in American retail including Walmart, Kroger, and Target, refuse to accept Apple Pay.
Notably, Target (NYSE: TGT) even refuses to accept Apple Pay in its wireless Skip the Line system. To explain, Skip-the-Line is a mobile device that lets shoppers pay Target associates with credit cards or the Target app without going to a cash register. However, Apple Pay users can pay at Target through the Target app.

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Cryptocurrency

Apple Pay Coming to Saudi Arabia, is Apple Pay Cash in Europe?

Interestingly, MADA is already supporting Google Pay, Asharq Al-Awsat claims. Saudi adoption of Apple Pay is important because Saudi Arabia will be the first large Middle Eastern country to adopt the service.

Markedly, Saudi Arabia will be the first large Islamic nation to adopt Apple Pay. Availability in Saudi Arabia is great advertising for Apple Pay because of all the Moslems that visit the kingdom for the Haj every year.

Statista estimates that 2.4 million Haj pilgrims visited Mecca in 2018. Consequently, Saudi Arabia is a great place to launch Apple Pay in the Moslem world.

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Crazy Stocks

NAMPOF an Alternative to Fang Stocks

You can think the NAMPOF of as a FANG for value investors. Holdings in NAMPOF are more diversified than FANG and some of them generate dividend income.

It diversifies NAMPOF because NVIDIA and Apple are hardware makers and PayPal is in finance. FANG scares me because it is almost all software based. Something I dislike about FANG is the lack of a financial stock.

Containing six stocks further diversifies. Four NAMPOF stocks; Apple, NVIDIA, Oracle, and Microsoft, are proven moneymakers.

I consider PayPal and Facebook speculative because they base their businesses on growth. However, both companies have showed the capability to generate vast amounts of cash.

I designed the NAMPOF to offer a little more than safety and income than FANG at a comparable rate of growth.

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Grocery Wars

Costco Accepts Apple Pay and Google Pay

The lack of a major hack of Apple Pay, Samsung Pay, or Google Wallet probably convinced Costco those solutions are secure.

Retailers are afraid of lawsuits from consumers who lost financial numbers to hackers. Target (NYSE: TGT) paid $39 million to settle such a suit in 2015.

Retailers like Costco might abandon NFC payment if crooks crack Apple Pay. Given the volume of Apple Pay transactions; over one billion in 2nd Quarter 2018 Tim Cook bragged, it is only a matter of time before some criminal genius cracks its encryption.

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Hyperloop

Hyperloop One will build Research Center in Spain

That might mean Hyperloop One will conduct the tests at its facility in Las Vegas, Nevada. The company might also be planning to test components at the track its archrival Hyperloop Transportation Technologies (HyperloopTT) is building in Toulouse, France.

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Cryptocurrency

Is Apple Pay Really a Major Fintech Player?

This is big news because Chase is America’s largest bank and it operates 16,000 ATMs nationwide. Tellingly, Chase’s press release does not mention Apple Pay or Google Pay specifically it simply states “you can you use your phone’s mobile wallet.”

The Chase announcement is big because it would enable customers to get cash without a wallet. That might get more people, particularly older folks who are afraid of being without cash to use mobile wallets.

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Grocery Wars

PayPal use growing faster than Apple and Google Pay, Microsoft Plans Automated Store

Mobile payment apps are still a tough sell to America’s consumers and merchants, Kount’s data indicates. The company that can change that paradigm will make a fortune.

That means more two thirds of American retailers or 71% still refuse to accept mobile wallets. Once again it sounds as if Apple (NASDAQ: AAPL) is losing the payment wars, and Alphabet (NASDAQ: GOOG) is not doing very well.

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Cryptocurrency

Is Ripple integrating with Apple Pay?

Widely-used solutions like Apple Pay cannot work with cryptocurrencies because the sheer volume of payments that would generate would crash the altcoin system. Or worse payments might take hours to process, which enrage customers.

It sounds as if Ripple might have partially solved the blockchain scalability problem. One way it may have done is to provide a direct connection with bank accounts. The Ripple Team is planning to roll out Money App, a smartphone tap, designed to connect Ripple and bank accounts in Japan this fall.

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Cryptocurrency

Beijing Transit says no to Apple Pay

It looks as if both the future of Apple Pay; and American-Chinese relations, are becoming far more complicated. One wonders if U.S. nationalists; like President Donald J. Trump (R-New York), will retaliate against Ant Financial’s Alipay digital wallet which is now widely available in the United States.

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