• Home
  • About
  • Contact us
Tech News, Magazine & Review WordPress Theme 2017
  • Computing
  • Entertainment
  • Gaming
  • Mobile
  • Science
  • Security
  • Services
  • Software
  • Space
No Result
View All Result
  • Computing
  • Entertainment
  • Gaming
  • Mobile
  • Science
  • Security
  • Services
  • Software
  • Space
Technovanguard — Be at the forefront of technology news
No Result
View All Result

What are Apple’s cryptocurrency ambitions?

Justin Rowell by Justin Rowell
29.09.2022
Home Computing

A few weeks ago, Apple CEO Tim Cook said he personally owns cryptocurrency while mentioning that Apple is looking at it from a technology perspective.

What are Apple's cryptocurrency ambitions?

Bradley Chambers for 9to5Mac:

Apple has plans for its retail financial arm. Its Apple Pay service allows people to send money in particular jurisdictions over iMessage. It also has its Apple Wallet app and associated Apple Pay services for mobile payments. Apple wants to grow its services business, and siphoning off banking services is an ideal way to do it. What does this have to do with cryptocurrency?

I believe that Apple will build a Bitcoin wallet directly into Apple Wallet shortly while also allowing for a low-cost way to purchase Bitcoin on iPhone.

If Apple operates as a Bitcoin exchange, they’ll let you buy bitcoin directly in the Apple Wallet app using whatever payment methods you have on file. They’ll allow you to store your holdings in Apple Wallet while Apple itself will retain the keys. It’ll look a lot like what Cash App or Coinbase does, where you can send, receive, and store Bitcoin without needing to store your seed phrase.

If Apple sets up a software wallet directly on iPhone, it’ll likely look similar to BlueWallet, where you take self custody of your Bitcoin with a seed phrase backup. You’ll own the keys to your Bitcoin directly on your iPhone and be responsible for backing up the seed phrase. If Apple goes this route, I suspect they’ll build in an encrypted iCloud backup of your seed phrase.

Technovanguard Take: Cryptocurrency cries out for exactly what Apple is usually great at delivering: Making what seems complex easy for users.

Please help support Technovanguard. Click or tap here to support our independent tech blog. Thank you!

The post What are Apple’s cryptocurrency ambitions? appeared first on Technovanguard.


Next Post
Co-op game Haven understands life as a couple during Covid

Co-op game Haven understands life as a couple during Covid

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended.

Make your own Pokémon arts and crafts projects with this DIY guide

Make your own Pokémon arts and crafts projects with this DIY guide

29.09.2022
Many people lost sense of time during COVID pandemic

Many people lost sense of time during COVID pandemic

29.09.2022

Trending.

Travel Business and Content Marketing: A Match Made in Heaven

Travel Business and Content Marketing: A Match Made in Heaven

07.02.2023
Netflix’s vampire movie Day Shift adds real bite to a classic action throwback

Netflix’s vampire movie Day Shift adds real bite to a classic action throwback

06.01.2023
Staying Ahead of the Game: The Top 10 Most Popular Websites for IT and Modern Technology

Staying Ahead of the Game: The Top 10 Most Popular Websites for IT and Modern Technology

30.01.2023
The Role of Technology in Transforming Healthcare Advertising

The Role of Technology in Transforming Healthcare Advertising

03.01.2023
How did Earth go From Molten Hellscape to Habitable Planet?

How did Earth go From Molten Hellscape to Habitable Planet?

29.09.2022
Technovanguard — Be at the forefront of technology news

Technovanguard - The latest news from the world of IT and modern technologies.

Categories

  • Computing
  • Entertainment
  • Gaming
  • Internet
  • Mobile
  • Science
  • Security
  • Services
  • Software
  • Space
  • Без рубрики

Tags

best bitcoin casino best bitcoin gambling site best crypto casino bitcoin gambling site btc casino FEATUREDNEWS linkedin connection message linkedin connection request template linkedin connect message examples linkedin networking message template linkedin sales message top bitcoin casinos

Recent News

Talents on AI: Kyiv to Host Three-Day Hackathon Connecting Developers and Sponsors in May 2023

Talents on AI: Kyiv to Host Three-Day Hackathon Connecting Developers and Sponsors in May 2023

07.03.2023
Ukrainian NFT Collection Honors Heroes and Raises Funds for Naval Combat Drones

Ukrainian NFT Collection Honors Heroes and Raises Funds for Naval Combat Drones

17.02.2023
  • Home
  • About
  • Contact us

© 2021 technovanguard.com. Submit news release

No Result
View All Result
  • Computing
  • Entertainment
  • Gaming
  • Mobile
  • Science
  • Security
  • Services
  • Software
  • Space

© 2021 technovanguard.com. Submit news release