Wired
The growing global interest in volatile cryptocurrencies has led to more questions from CEO Tim Cook as to when Apple will enter the cryptocurrency industry.
Frequent misplaced replies
Tesla, which develops electric vehicles and self-driving cars, buys a lot of Bitcoin, and major payment companies Square and PayPal will significantly increase profits in the Bitcoin-related business, and tech companies will enter the virtual currency industry There is no time to list the news. The entry of tech companies has become a major concern for holders, as the price of cryptocurrencies fluctuates significantly due to topicality.
As a result, Apple, which has a huge platform and huge cash, is often expected to enter the cryptocurrency business. When CEO Tim Cook tweeted a congratulatory tweet about the opening of the new Apple Store on Corso Street, which is known as one of the historic streets in Rome, Italy, multiple users asked, “When will we enter the cryptocurrency industry?” We received unrelated replies such as “I want Apple Pay to support Bitcoin” and “I wish I could buy an iPad with Dogecoin”.
Sir when are you putting Bitcoin on Apple Pay?
— Daniel Eggers (@danjeggers) May 27, 2021
If only i can purchase the ipad with my Dogecoin
— Cryptomadness (@ steven041591) May 28, 2021
Is it true that Apple products support virtual currency payment
— July (@fengqianggg) May 28, 2021
SIR does APPLE accepts DOGE COIN to sell APPLE PRODUCTS
— ROHITH reddy (@ rohith1348) May 28, 2021
Is there a positive reason to participate?
It’s not just some enthusiastic supporters who are raising expectations for entry into the cryptocurrency business. RBC Capital Markets, Canada’s largest investment bank, also said that in order for Apple to generate more profits, it should have its own crypto exchange rather than the self-driving electric car Apple Car.
However, as far as the actions and remarks so far are concerned, Apple does not seem to be very enthusiastic about the cryptocurrency business. In fact, in 2019, CEO Tim Cook said, “I think currency is something that the country should control.” “I feel uncomfortable with the idea that private organizations create competing currencies. Private companies should not try to gain power in that way.”
Two years after this statement, Cook’s thinking may have changed, but unlike many companies that are positive about cryptocurrencies, Apple dares to take its core business on track. Does that mean you don’t have to take the risk and participate?
Source: RepublicWorld
(kihachi)
Source: iPhone Mania