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Apple’s Interest in Crypto Assets

11 September 2019, 08:58
Votes: 1

September 10, the launch of the new iPhone 11. During the presentation Apple’s executives said they had already been interested in BTC for a certain period of time.

Apple’s Interest in Crypto Assets

Cryptocurrency has been attracting a lot of attention from technological companies all year round, especially from phone manufacturers. Apple’s main competitor, Samsung, has recently developed a blockchain key store for its new models (Note 10 and Galaxy S10). This innovation provides safe storage of their keys from crypto wallets on their mobile devices.

Another well-known company to launch its own cryptocurrency is Facebook. The media giant’s coin, Libra, is scheduled to be released in 2020. According to Mark Zuckerberg, BTC will most likely lead to chaos in prospect. However, Jack Dorsey, executive officer of payment processor Square and Twitter, described bitcoin as a solid invention, though it is yet not stable enough to be used a method of payment.

Apple’s comments suggest a significant change in the firm’s attitude to cryptocurrencies. A new credit card was released by the company a few weeks ago. However, the crypto community was shocked to find out that it could not be used for buying digital currencies.

As mentioned earlier, Apple is planning to introduce the age limit for social casino games that are available on App Store.

Read more: 10 Global Corporations to Launch Their Own Cryptocurrencies

Read more: Crypto Advertisement: Hurdles and Solutions

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