{"id":290649,"date":"2021-06-01T07:40:22","date_gmt":"2021-06-01T11:40:22","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=290649"},"modified":"2024-05-31T09:16:05","modified_gmt":"2024-05-31T09:16:05","slug":"10-ways-apple-can-revolutionize-the-crypto-ecosystem-buy-crypto-now","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/10-ways-apple-can-revolutionize-the-crypto-ecosystem-buy-crypto-now","title":{"rendered":"10 Ways Apple Can Revolutionize the Crypto Ecosystem \u2013 Buy Crypto Now?"},"content":{"rendered":"
Apple crypto entry hints are getting bigger, with a recent job ad for an alternative payments hire getting the crypto juices flowing.<\/p>\n
Also, earlier this year Reuters<\/a> reported that Apple has plans for stepping into the crypto sector.<\/p>\n The entrance of Apple into the cryptocurrency ecosystem will completely revolutionize the way it works.<\/p>\n For the last two years, the cryptocurrency industry recorded immense recognition and investment through Bitcoin and other cryptocurrencies \u2013 any meaningful entry by Apple would likely see a major boost for crypto asset values across the board, in addition to the impetus it would give to the adoption of blockchain-based products in all sorts of industries.<\/p>\n Some of the top companies that have been buying bitcoin of adding crypto to their payments product line-up, include Square Inc. Microstrategy and Tesla.<\/p>\n Square Inc. invested<\/a> on average of their total assets amounting to $170 million, while\u00a0Microstrategy CEO Michael Saylor invested $1 billion and Tesla invested $1.5 billion. All these investments and institutional adoption helped increase people\u2019s interest in cryptocurrencies.<\/p>\n Apple co-founder Steve Wozniak has been a strong supporter of crypto for years now. He once stated Bitcoin<\/a> would become the world\u2019s primary currency one day. Apart from being a strong supporter, he co-founded a cryptocurrency known as “Efforce,” offering \u201cWOZX\u201d as its native token.<\/p>\n On May 25, 2021, Apple WPC (Wallets, Payments, and Commerce) posted a job for a Business Development manager to be in charge of its “Alternative Payments Partnerships.”<\/p>\n Apple’s adoption of crypto could revolutionize the industry. 10 ways the tech giant could boost crypto adoption include:<\/strong><\/p>\n Apple Pay enables users to make payments using the iOS app, Safari web, or even in person. The firm\u2019s payment system is supported on Apple Watch, Mac, iPhone, and iPad. Presently, Apple boasts1.65 billion users.<\/span><\/p>\n So, integrating crypto wallets with Apple Pay will drive more adoption. People can use cryptocurrencies to make payments through the app instead of their credit cards.<\/span><\/p>\n Integrating crypto into Apple devices will go a long way to simplify crypto for users. Many people shy away from the industry due to the perceived complexities in its operations. It’s challenging to understand how crypto and its underlying blockchain works. That probably is why a major portion of the world’s population is not investing in it yet.<\/span><\/p>\n But a trusted company like Apple can make it easy for people to use crypto in their day-to-day transactions. By integrating it into its iPhone wallet, crypto users will have a safe and fast means of using their crypto.<\/span><\/p>\n A micropayment is a process of paying small sums for virtual goods and services. Apple can join the league to adopt the system by launching a significant payment processor.<\/span><\/p>\n Some of the Apple services include Movies, Music, Stickers, Books, App purchases, TV shows, etc. If the firm accepts crypto for payments of its services, the crypto industry could experience a boom.<\/span><\/p>\n Instead of paying a lump sum to access Apple services, the company can allow its customers to make micropayments in crypto for them. This approach could drive more sales to the company alongside pushing crypto adoption further.<\/span><\/p>\n Apart from accepting payments in crypto, Apple could use blockchain technology for other facets of its business. The company had filed a patent four years ago for a “Blockchain-Based Timestamp Verification System.”<\/span><\/p>\n Such moves can also encourage more tech firms to integrate the blockchain into their products, thereby helping bring crypto to the masses.<\/span><\/p>\n Another way Apple could bring a positive change to the crypto industry is to acquire a project. Investing hugely in a crypto project will mean support, adoption, and participation. Such a move might convert many Apple customers into crypto enthusiasts and investors.<\/span><\/p>\nApple\u2019s Involvement in Crypto Sector<\/h2>\n
1.<\/span> \u00a0 <\/span><\/b>Apple Pay integration<\/span><\/h2>\n
2. Apple’s ease of use stardust<\/h2>\n
3. Apple to use micropayments for services?<\/h2>\n
4.<\/span> \u00a0 <\/span><\/b>Integrate blockchain tech in Apple services beyond payments<\/span><\/h2>\n
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5.<\/span> \u00a0 <\/span><\/b>Apple to acquire a crypto project<\/span><\/h2>\n