Technology
Apple is rumored to be planning to embrace cryptocurrencies in the near future.
The tech industry is naturally buzzing over Apple's newest job listing on its website, which implies that the corporation may soon allow bitcoin payments.
According to Forbes, the internet giant has a job opening for a "Business Development Manager - Alternative Payments," which needs applicants to have prior expertise with Bitcoin.
“The Apple Wallets, Payments, and Commerce (WPC) team is seeking an experienced Business Development Manager to lead Alternative Payments Partnerships. We are looking for a proven professional in global alternative and emerging payment solutions,” the job post stated.
One of the key qualifications required for the role was “5+ years experience working in or with alternative payment providers, such as digital wallets, BNPL, Fast Payments, cryptocurrency and etc.”
Apple has taken a cautious approach to cryptocurrency. In 2014, the business barred cryptocurrency wallets from its App Store, but subsequently changed its mind and now accepts them. Apple, on the other hand, prohibits cryptocurrency mining on iPhones and does not enable cryptocurrency purchases with its Apple Card credit card.
According to a research study from RBC Capital Markets, Apple has a "clear potential" to offer a buying and selling mechanism for cryptocurrencies, a move that would allow the business to increase market share quickly.
With its access to world-class software and a secure ecosystem, Apple could tackle the problem individuals face acquiring crypto assets due to know-your-customer laws and other regulations with the company offering a closed system that prevents nefarious activity, improves asset security, and has instant access to buyers and sellers, the report said.
It added that if Apple, which already has a Wallet app, went down this path, the move would likely make the United States a global leader in crypto assets, lessening the possibility of a government shutdown of the industry.
