Recode: Apple in talks to launch its own money transfer service

Recode:

The company has recently held discussions with payments industry partners about introducing its own Venmo competitor, according to multiple sources familiar with the talks. The service would allow iPhone owners to send money digitally to other iPhone owners, these people said.

Not sure I see the logic in offering a Venmo-type service if it is not universal. When I need to send someone money, I never want to check to see if they have an iPhone first.