The days of PayPal are officially over. Apple has swooped in with Apple Pay.
This "entirely new payment process" will, if all goes as planned, eliminate the need to carry around wallets. Which will inevitably lead to the decline of fancy billfolds, and we will soon lose another luxury accessory to technology (read: Apple Watch). But, in the meantime, let's get excited since we are all, like Beyoncé, obligated to bow down at Apple's feet!
The new feature, debuting with the iPhone 6, iPhone 6 Plus, and rolling out in full by October 2014, is essentially a digital copy of whatever plastic you're carrying around. Once added, users can tap their phones (or Apple Watch) to a merchant's reader to pay. "Apple doesn't know what you bought, where you bought it, and how much you bought it for," Eddy Cue, Apple's senior vice president of Internet Software and Services, reassured. Though, knowing that Apple has some sort of digital paper trail of your credit/debit card transactions is a bit unnerving considering the recently discovered fault in the Cloud's stars.
No matter, though. Cook believes this will "forever change the way all of us buy things." Tell that to Google Wallet, buddy.