APPLE HAS ‘CLEAR OPPORTUNITY’ TO GET INVOLVED IN CRYPTOCURRENCIES, SAYS REPORT
Apple Inc has a “clear alternative” to supply a shopping for and promoting mechanism for cryptocurrencies, a transfer that might permit the corporate to right away achieve market share, based on a analysis report on Monday from RBC Capital Markets.
With its entry to world-class software program and a safe ecosystem, Apple may sort out the issue people face buying crypto property because of know-your-customer legal guidelines and different rules with the corporate providing a closed system that forestalls nefarious exercise, improves asset safety, and has immediate entry to consumers and sellers, the report stated.
It added that if Apple, which already has a Pockets app, went down this path, the transfer would possible make the USA a world chief in crypto property, lessening the potential of a authorities shutdown of the trade.
“If the USA owns probably the most crypto property (be it Bitcoin or different property), it could not make logical sense in our view to ban it,” RBC analysts stated within the report.