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Last year, Apple bought Beats Music to the tune of $3 billion. But since completing its acquisition, the company has been relatively quiet about its plans for the Beats Music streaming service.
Mobile payment systems are gaining traction today, especially with the high profile release of Apple Pay, the near field communications (NFC) based system that Apple developed and released late last year. Since then, we have seen lots of retailers, banking institutions, credit card companies, and soon, even vending machines, gas pumps, and federal agencies support Apple Pay. The good thing about the launch of Apple Pay is that is also encouraged consumers to pay attention to mobile payment systems in general, including those that existed way before Apple introduced its own system.
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