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The ownership of Mobeewave.com has shifted to Apple, a sign that the year-ago acquisition has progressed internally.
Mobeewave is a startup seeking to make peer-to-peer payments easier by tapping NFC-enabled credit cards to the backs of smartphones. Apple acquired the company in August 2020, and that process seems to be moving forward.
First spotted by MacRumors, the domain name mobeewave.com is now under Apple’s possession. The website’s domain information now lists Apple’s servers, but it isn’t currently active.
Apple’s acquisition of the company may have been for talent, patents, or both. However, Apple has not absorbed the company into its Cupertino offices, as Mobeewave continues operating in Montreal.
If the technology is implemented in Apple’s iPhone, it may enable transactions between people without the need of a chip reader or other payment mechanism. However, such a feature could mean trouble for third-party payment systems like Square, which relies on hardware sales of payment terminals.
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