iPhone Currently Not Compatible with Digital Euro: ECB Board Member

Cryptonews04-24

An ECB executive board member wants Apple to change how iPhone payments work to support a potential digital euro. He claims the tech giant’s current system may not support offline payments for any ...

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He claims the tech giant’s current system may not support offline payments for any ...</p>\n\n<a href=\"https://cryptonews.com/news/iphone-not-compatible-with-digital-euro-ecb-board-member.htm\">Source Link</a>\n\n</div>\n","source":"cryptonews_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>iPhone Currently Not Compatible with Digital Euro: ECB Board Member</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\niPhone Currently Not Compatible with Digital Euro: ECB Board Member\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-24 19:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://cryptonews.com/news/iphone-not-compatible-with-digital-euro-ecb-board-member.htm><strong>Cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>An ECB executive board member wants Apple to change how iPhone payments work to support a potential digital euro. He claims the tech giant’s current system may not support offline payments for any ...</p>\n\n<a href=\"https://cryptonews.com/news/iphone-not-compatible-with-digital-euro-ecb-board-member.htm\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00BLSP4452.SGD","symbol_name":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","start_time":0,"source_url":"https://cryptonews.com/news/iphone-not-compatible-with-digital-euro-ecb-board-member.htm","article_id":"2429431577","we_media_id":null,"thumbnails":["https://static.tigerbbs.com/data:image/svg+xml;base64,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?op=imageView2&mode=2&width=256&height=256&quality=70&format=png"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2429431577","pubTimestamp":1713956787,"sourceInfo":{"source_id":"cryptonews_highlight","name":"Cryptonews"},"weMediaInfo":null,"summary":"An ECB executive board member wants Apple to change how iPhone payments work to support a potential digital euro. He claims the tech giant’s current system may not support offline payments for any European Central Bank digital currency.The member, Piero Cipollone, outlined his concerns in a letter to EU antitrust chief Margrethe Vestager dated April 19.“Apple’s proposed commitments would not give third parties full access to the secure element , but only allow for the usage of Host Card Emulation ,” he said. For clarification, a secure element  is a specialized chip engineered for enhanced security. It functions like a miniature safe within a device, commonly present in smartphones, tablets, and certain credit cards.Also, he thinks Apple’s proposal may not offer the same level of authentication and transaction speed as ApplePay.Apple didn’t return Cryptonews’ request for comment by press time.Limited NFC Access on iPhones Creates Friction for Potential Digital Euro","collect":0,"end_time":0,"defaultTopTitle":"cryptonews.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","BK4534":"瑞士信贷持仓","IE00BLSP4239.USD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis USD Plus","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","BK4535":"淡马锡持仓","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","BK4501":"段永平概念","LU0082616367.USD":"摩根大通美国科技A（dist）","SG9999006266.SGD":"MANULIFE SINGAPORE EQUITY \"A\" (SGD) ACC","BK4588":"碎股","LU0080751232.USD":"富达环球多元动力基金A","IE0034224299.USD":"PINEBRIDGE ASIA EX JAPAN EQUITY \"A\" (USD) ACC","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","BK4503":"景林资产持仓","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","SG9999002679.SGD":"LionGlobal Singapore Balanced SGD","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","SG9999001135.SGD":"United ASEAN Fund SGD","LU0109392836.USD":"富兰克林科技股A","SG9999013486.USD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (USD) INC A","BK4505":"高瓴资本持仓","BK4581":"高盛持仓","LU0048573645.USD":"富达东盟基金","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","BK4512":"苹果概念","BK4085":"互动家庭娱乐","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BK4548":"巴美列捷福持仓","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","AAPL":"苹果","LU0289961442.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (SGD) ACC","BK4554":"元宇宙及AR概念","BK4515":"5G概念","LU0149725797.USD":"汇丰美国股市经济规模基金","SE":"Sea Ltd","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","SGXZ58947870.SGD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (SGDHDG) INC","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","BK4571":"数字音乐概念","BK4585":"ETF&股票定投概念","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","BK4507":"流媒体概念","SG9999002620.SGD":"LionGlobal South East Asia SGD"},"translate_title":"iPhone目前与数字欧元不兼容：欧洲央行董事会成员","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AAPL":1,"SE":1},"content_text":"An ECB executive board member wants Apple to change how iPhone payments work to support a potential digital euro. He claims the tech giant’s current system may not support offline payments for any European Central Bank digital currency.The member, Piero Cipollone, outlined his concerns in a letter to EU antitrust chief Margrethe Vestager dated April 19.“Apple’s proposed commitments would not give third parties full access to the secure element (SE), but only allow for the usage of Host Card Emulation (HCE),” he said. For clarification, a secure element (SE) is a specialized chip engineered for enhanced security. It functions like a miniature safe within a device, commonly present in smartphones, tablets, and certain credit cards.Also, he thinks Apple’s proposal may not offer the same level of authentication and transaction speed as ApplePay.Apple didn’t return Cryptonews’ request for comment by press time.Limited NFC Access on iPhones Creates Friction for Potential Digital Euro\nCipollone added that currently, Apple’s proposals don’t ensure a fair level playing field for third-party payment solutions. This is especially true for in-store payments with iPhones. Were these proposals to be applied to a potential digital euro, they wouldn’t guarantee user-friendly payments on iPhone, the economist said.He also noted certain limitations with the EU’s recent antitrust investigation into Apple. It doesn’t address limited access to near-field communication (NFC) technology in various payment situations, including person-to-person payments, he said.“We note that this use case is crucial for the digital euro,” he said.ECB Pushes for Open Access to Phone Security Chips for Digital Euro\nAccording to the economist, the proposed digital euro regulation requires device manufacturers and electronic communication service providers to offer fair, reasonable, and non-discriminatory access to the secure element in their devices.He said this access should be unrestricted and not reliant on other mobile operating system applications. This ensures that digital euro payments on mobile devices are user-friendly.The European Commission has released draft laws outlining the groundwork for a potential digital euro. This includes establishing basic criteria and preparing necessary legislation for potential issuance.In late 2023, the ECB initiated a two-year preparatory phase for the digital euro. This phase involves finalizing regulations, selecting private-sector collaborators, and conducting testing and experimentation.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2429431577"}