Apple Pay Executive Unveils The Company’s Stance On Digital Assets
Crypto has been gaining interest a lot this year especially since the bulls came back to the crypto space back in April.
One of the main goals that the crypto community has set for this year is mass crypto and blockchain adoption.
There have been made a lot of moves in the crypto space that are definitely supporting this huge goal.
Also, it’s worth noting that a lot of important players are entering the crypto space and now, the latest reports address Apple Pay.
Apple is watching cryptos
The online publication the Daily Hodl writes that Vice President at Apple Pay, Jennifer Bailey says that the tech giant is “watching” cryptos.
Bailey’s comments were released during a recent interview with CNN’s Chief Business Correspondent Christine Romans. The VP of Internet Services at Apple Inc. said the following:
“We think [cryptocurrencies are] interesting. We think it has interesting long-term potential.”
Dan Ives, who is an analyst at Wedbush Securities, said that digital assets could be great for the tech giant.
“This would be a major shot in the arm for crypto if Apple headed down this path. Given where Apple strategically is focused, a move into crypto could make sense given its sights on further monetizing its consumers over the coming years.”
Apple Pay and Apple Card to have a huge role in the future of payment technology
More than that, it’s been reported that Bailey also believes that Apple Pay and Apple Card will play a leading role in the future of payment tech.
It’s also worth noting that Apple entered the mobile payments industry back in 2014 with the launch of Apple Pay.
While Apple seems to start exploring the idea of cryptos, Facebook is already developing the stablecoin which managed to trigger a lot of controversies – Libra.
Libra was scheduled for launch the next year but this may be postponed due to all kinds of regulatory issues.