Big corporations’ involvement in cryptocurrency is nothing new. From Tesla to PayPal to MicroStrategy, many big corporations have been vocal supporters of cryptocurrency. In the tech sector, companies like Facebook, Twitter, and Microsoft have long shown interest in incorporating cryptocurrency into their growth strategies. Until now, Apple was a conspicuous absence from this list. With Tim Cook’s recent comments, the scenario is no longer the same. In an NYT Dealbook Conference interview, Apple CEO Tim Cook said that the IT giant is looking forward to active participation in the cryptocurrency sector. However, Cook also mentioned that Apple would not introduce cryptocurrency to some of its features. They would only implement changes in sectors that can benefit from cryptocurrency.
While talking about Apple’s cryptocurrency plans, Tim Cook said that the tech firm is not in a hurry to incorporate crypto into its ecosystem. They would take the time to study and understand how such a painting can offer benefit to the users. At the same time, they have to be accountable for user privacy and security. With a growing number of crypto-related cybercrime. Consumer security is a priority for any crypto-based product or feature.
With big corporations entering the crypto market, the sector is making its presence known in the mainstream. Facebook and Twitter have already spoken about their crypto goals, and many other firms have made use of the technology in different capacities. Apple can show significant innovation by incorporating crypto features in its products and services