Why Apple’s iWallet Won’t Have Anything To Do With NFC

Everytime I've ever worked with Bluetooth as a user or a developer, it has always takes a little bit to pair before any data transfer can go. NFC can start data transfer immediately.

Am I missing something from Bluetooth 4.0 that can allow a transfer to start-up instantly? I feel like Bluetooth would be a really slow and hacky solution for payment not to mention it'll be open to attacks from anything with a Bluetooth device.

Whether it's Bluetooth, NFC or morse code, the specific technology doesn't matter. It's the user experience, and frankly, searching for and pairing Bluetooth devices is a slow shitty experience.

The article also fails to mention how stores will actually utilize these iWallet phones. The phones need something to pair with and that is something stores will have to install.