Apple ad for “alternative payment” signals interest in cryptocurrency

Apple hints at growing interest in cryptocurrencies as it seeks new talent for its share of payments.

IPhone maker hires business development manager for ‘alternative payments’, including cryptocurrencies job announcement posted this week.

The newcomer, who will sit on the same team as Apple Pay և iPhone Wallet at its Cupertino headquarters, has been accused of forming new alliances with “alternative payment payment partners”.

The required qualifications for advertising include several years of cryptocurrency experience, as well as other fast-growing payment methods such as “buy now, pay later” services.

The future rental comes as Apple begins to offer tacit support for making payments using bitcoin through its Wallet app, the iPhone’s central repository of iPhone digital cards, tickets and vouchers.

App Store: listing: For Coinbase, one of the largest cryptocurrencies shows that it now supports Apple Wallet, although no details have yet been revealed on how the integration will work.

Coinbase website It only says that it “does not currently support Apple Pay, but we hope to provide iOS users with a faster and safer way to spend cryptocurrencies soon.”

Apple did not immediately respond to a request for comment on the recruitment advertisement, which was first reported Coindesk, Coinbase has not commented on its plans to integrate Apple Wallet.

Entertainment enthusiasts quickly took advantage of the job posting as a sign that Silicon Valley’s most expensive company was going to take Bitcoin and other cryptocurrencies a step further.

Analysts at RBC Capital Markets said in a February study that Apple had a “clear opportunity” in cryptography to make it easier and safer for individuals to buy and sell digital assets. The company has extensive experience through Apple Pay, which launched in 2014 with its own brand of credit card, which debuted in 2019.

Apple Pay CEO Ennie Bailey said two years ago that the iPhone maker is “watching” the cryptocurrency. “We think it has great potential for long-term interest,” Bailey was quoted as saying CNN event,

But Apple has been criticized in the past, including by Coinbase chief executive, for refusing to support other forms of alternative payment on Bitcoin Pay via the App Store, bitcoin.

In 2013, it banned cryptocurrencies from the iPhone, with Coinbase launching several similar apps from its App Store, although it later abandoned the policy.

Epic Games, which has sued Apple over its monopoly control over the App Store, argued In its lawsuit, Apple’s “anti-competitive behavior eliminates all of these innovations և alternative payment options,” such as bitcoin և other cryptocurrencies.

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