Report Claims Apple Could Be A Big Player In Crypto If It Wanted To Be

The world of cryptocurrency is in the news again following the news that Tesla will accept Bitcoin as payment for its cars.

Continuing the discussion, RBC Capital Markets says that Apple could become a global leader in crypto by allowing users to buy and sell via its Wallet app.

Apple’s Wallet app is where Apple Pay cards live alongside Apple Card and other types of cards. It would be the logical place for something like Bitcoin to live and a new report via Reuters suggests Apple’s existing infrastructure could make it the perfect entrant into the world of crypto.

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.

Apple becoming a global player in the crypto world could also allay fears that US regulators already have about it. It’s thought that a US-based company like Apple being involved could be enough to prevent cryptocurrency from being banned in the country.

The news that Tesla would accept Bitcoin, as well as its purchase of $1.5 billion of it, saw its value hit new all-time highs. Who knows what would happen if Apple got involved.

You may also like to check out:

  • Jailbreak iOS 14.4 Using Checkra1n, Here’s How-To [Guide]
  • Download: iOS 14.4 Final IPSW Links, OTA Profile File Along With iPadOS 14.4 Out Now
  • How To Downgrade iOS 14.4 The Easy Way [Tutorial]
  • How To Fix Bad iOS 14 Battery Life Drain [Guide]
  • Convert Factory Wired Apple CarPlay To Wireless Apple CarPlay In Your Car Easily, Here’s How
  • iPhone 12 / Pro Screen Protector With Tempered Glass: Here Are The Best Ones
  • Best iPhone 12, 12 Pro Case With Slim, Wallet, Ultra-Thin Design? Here Are Our Top Picks [List]
  • Best iPhone 12 Mini Screen Protector: Here’s A List Worth Checking
  • Best iPhone 12 Pro Max Screen Protector: Here Is A List Worth Checking
  • Jailbreak iOS 14.2 Using Checkra1n, Here’s How-To [Guide]
  • Apple Watch ECG App Hack: Enable Outside US In Unsupported Country On Series 5 & 4 Without Jailbreak2
  • How To Buy Bitcoin From iPhone Or Android Device The Easy Way

You can follow iPhoneFirmware.com on Twitter, add us to your circle on Google+ or like our Facebook page to keep yourself updated on all the latest from Apple and the Web.