Apple has taken possession of the domain name, according to a WHOIS record discovered by MacRumors. The domain name was previously owned by payments startup Mobeewave. Apple acquired the company last year.

Mobeewave has technology that could transform iPhones into mobile payment terminals. By equipping a mobile phone with secure, contactless payment-acceptance capability, Mobeewave’s patented technology is designed to “power a True Wallet Experience for consumers, allowing them to put cash in to their mobile wallets as well as make payments.” 

With Mobeewave, anyone can accept cashless payment for anything, anyhow, enabling in-person consumer-to-consumer transactions, between strangers. Apple reportedly paid US$100 million for the company.

Article provided with permission from AppleWorld.Today