📷 Image Credit: Forbes 👆
By: Barry Collins
TL;DR Have you heard that Apple may be accepting Cryptocurrency in the near future? We’re here to tell you all about what that may look like.
According to new job ads, Apple may be accepting Cryptocurrency in the near future. Why do we think this? The new job openings require experience working with alternative payment providers. This most likely means they would oversee the Apple Pay and iPhone Wallet feature. The job title, “Business Development Manager – Alternative Payments,’ also suggests that Apple is looking for someone who does not specialize in mainstream payment solutions. The wave of the future? Maybe?
The new possibility of Cryptocurrency for Apple would create plentiful opportunities. It would be the market’s strongest endorsement to date! Elon Musk, CEO of Tesla and SpaceX, is currently the biggest backer of cryptocurrencies; however, Apple’s possible entry would drive demand for crypto tremendously. Despite higher demands and endorsements, there are some adverse environmental side effects. Iran just declared a four-month ban on cryptocurrency mining as unlicensed miners took advantage of cheap electricity to run massive mining rigs. This caused extremely high electricity demand, which created many internal problems within the country.
Cryptocurrency is a complex topic; it can be great for financing or can result in scamming. Overall, it is a high-risk investment that has the possibility of a positive payoff that can make you money. What do you think of Apple possibly accepting Cryptocurrency in the near future? Leave us comments below with your thoughts!
Written by: Naia Mader, Intern
Edited by: Lisa Knight, COO & Mentor