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Tim Cook revealed in an interview on Tuesday that he owns cryptocurrency and sees it as a “reasonable” way to diversify his portfolio. The Apple CEO also admitted that Cupertino is “looking at” ways cryptocurrency could one day work with Apple Pay, or be used to buy Apple products.
However, if it’s investment advice you’re after, you can look elsewhere.
Coinbase, the popular cryptocurrency exchange, now lets you buy assets using Apple Pay. The new payment method appears with you have a Mastercard or Visa debit card added to the Wallet app.
What’s more, Coinbase is making it faster to cash out up to $100,000.
A job opening at Apple for an “Alternative Payments” business manager set off a wave of speculation that the iPhone-maker is getting into cryptocurrency.
It’s apparently a change of heart by CEO Tim Cook, who’s on the record as being opposed to privately controlled currencies.
You might have heard a lot about investing in cryptocurrency these past few years. If you’re unfamiliar with what cryptocurrency actually is (or what it does), it operates like most currency — except it’s a digital asset people use for both investments and online purchases.
Could an Apple cryptocurrency be coming? While it doesn’t sound like it’s on the immediate horizon, Apple Pay VP Jennifer Bailey recently suggested it’s not totally off the table.
It would fit with Apple’s growing embrace of financial services. The company got into mobile payments with Apple Pay in 2014 and released the Apple Card this year. Now, Cupertino appears to be taking a wait-and-see approach on cryptocurrencies.
Apple co-founder Steve Wozniak has lived the risk-to-riches story. He built computers in a garage with a good partner and we all know how that turned out.
But red flags are waving as the Woz takes an interest in cryptocurrency. He’s reportedly hitching his wagon to partners with a dubious track record.
