“It won’t be too long before we look back on this era and think it’s nuts,” said Harvard law professor Jonathan Zittrain. He and other technology experts noted that Apple has a history of solving business riddles that have eluded others, as it did with the iPod, which thrived not only because of its stylish hardware but also because big record companies agreed to distribute their music through Apple’s iTunes store.

via With Apple Pay, the tech leader takes its shot at replacing the wallet – The Washington Post.