Connect with us


Apple in Favour of Cryptocurrency: What That Means for Investors

After Tesla went back on its commitment to Bitcoin by stating that the electric automobile company will no longer acknowledge Bitcoin for vehicle investment due to the company’s concern regarding the environmental effects of crypto mining, you could be forgiven for thinking that this might trigger a series of events which sees several companies distancing themselves from cryptocurrency. Thankfully this doesn’t appear to be the case.

The tech company has also opened a new position for “Business Development Manager” under Alternate Payment that has been the talk of both the tech industry and the crypto industry.

The job description for the new position further elaborates that the applicant must be highly proficient when it comes to cryptocurrency. The profile states that the individual hired would be joining the development team for Apple’s iPhone Wallet app and Apple Pay.

The required key credentials for the role are that the applicant must have at least five years of experience working with alternative payment firms including Fast Payments, digital wallets, and cryptocurrency. The company also states that they are looking for an applicant who is at ease with “ambiguity”. They are also looking for someone who enjoys edge cases and looks for alternative solutions to things.

After Tesla voiced their support for Bitcoin as a legitimate payment option, if Apple begins acknowledging cryptocurrencies as payment, there are chances that the value of cryptocurrencies might rise as it did when Tesla began acknowledging it as payment for purchasing its electric automobiles. The result for this may be even sharper as investors will only gain faith in cryptocurrencies as a payment option and the entirety of iOS consumers will now be offered to pay in cryptocurrencies.

Apple has ventured into the cryptocurrency industry cautiously. It had banned crypto wallets from its App Store in 2014. The company did, however, take back their decision afterward, claiming to now allow them. Apple still does not permit crypto mining on iPhones. It also does not permit its Apple card to be used for buying cryptocurrencies.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

More in Crypto