

According to Cook, he did verify that crypto is one thing that Apple is wanting into, however it isn’t essentially one thing they’ve any rapid plans for. “It’s something we are looking at, it’s not something we have immediate plans to do. I would characterize it as there are things that I would not do like our cash balance. I would not go and invest that in crypto not because I would not invest my own money in crypto, but because I don’t think people buy Apple stock to get exposure to crypto.”
He provides, “So if they want to do that, they can you know, invest directly in crypto through other means. And so I would not do that. I’m not planning to in the immediate future to take crypto for our products.” As it stands, Apple doesn’t formally assist crypto, though if you happen to recall, earlier this 12 months by way of BitPay, Apple Pay customers might use any cryptocurrencies they must make purchases.
Cook’s assertion isn’t the primary time that it was revealed that the corporate was concerned about crypto. Back in 2019, Apple Pay VP Jennifer Bailey had additionally expressed curiosity and mentioned that they noticed long-term potential, however precisely how it will manifest in a services or products stays to be seen.
Filed in 9to5mac
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