Apple Pay also looks at cryptocurrencies "for their great long-term potential"

Apple Pay also looks at cryptocurrencies "for their great long-term potential"

By Roberto D. | CryptoFarm | 6 Sep 2019


Not that a quality seal was needed, no one more than the bitcoiners is convinced of the long-term potential of cryptocurrencies, but the fact that to affirm the same concept is Jennifer Bailey, vice president of Apple Pay, in an interview released iieri (5 September 2019) to CNN is however not exactly irrelevant news. During an event held in San Francisco, Bailey stated that:

"We are looking at cryptocurrencies with interest and we think they have good potential in a long-term perspective"

As noted by Dan Ives, an analyst at Wedbush Securities, the irruption of a company like Apple in the world of cryptocurrencies could have a much more significant impact than that represented by libra, the facebook currency which is still far from the be physically issued; according to the analyst, in fact, for what is the structure and core-business of Apple (which is not limited to selling phones but has a whole galaxy of products that revolve around its devices) the issue of its own cryptocurrency would be a strategically valid move for what was the creation of Steve Jobs and would have an important effect in clearing these means of payment among the general public.

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Although the number of users who use the Apple Pay service for payments is not currently known, it is estimated that the process processes about $ 1bn in payments per month, and the service is also making headway among merchants, slowly but surely , since, as the data shows, in these 5 years the service has reached a level of penetration in the US market of about 70% among those who have equipped themselves to allow their customers to use this tool to make a payment . We'll see how things evolve, but it is now clear that cryptocurrencies are no longer a phenomenon that affects a small number of nerds scattered around the world and begin to attract the attention of more and more companies (large and small) and institutions.

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Roberto D.
Roberto D.

Born, and still living, in Italy. Passionate about cryptocurrencies since I discovered ethereum in 2016 https://linktr.ee/robertod


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