At an event in San Francisco Jennifer Bailey, the Boss of Apple Pay, spoke about the introduction of the mobile payment service from Apple. Also, crypto-currencies were addressed in the interview with CNN.
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Apple Pay-the Boss sees “long term potential” in Crypto
Apple Pay was introduced about four years ago in the United States and allows you to make contactless payments with the iPhone and the Apple Watch. Since December 2018, Apple Pay is also available in Germany, where the service is, as yet, not all providers and banks supported.
How many people use the Apple service for four years after the introduction, did not want to Bailey revealed in the interview. However, the company would process nearly a billion transactions per month.
At a private event in San Francisco, discussed Jennifer Bailey with CNN Business about the future of payments and the role of Apple Pay. Also, crypto-currencies were to be addressed in the context of the discussion. The technology company will retain the digital currencies in mind, Bailey said:
“We are watching crypto currency […] We think that it is interesting. We think it has an interesting long-term potential.“
Will Apple, Facebook and co. follow?
Apple’s interest in crypto-currencies is just a few months after Facebook announced a crypto-currency by the name of Libra, which will bring the Social Media giant is expected next year on the market.
Dan Ives, an Analyst at Wedbush Securities, commented on Apple’s interest in crypto-currencies, compared to CNN’s Business with the following words:
“This would be a great opportunity for Crypto, if Apple would go down this path […] in view of the strategic orientation of the Apple is a step in the direction of the crypto could be useful, because in the coming years, a further monetization of the consumer is sought.”