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Apple's Job Posting Indicates a Move Toward Cryptocurrency Payments

Apple’s Job Posting Indicates a Move Toward Cryptocurrency Payments

According to the Financial Times (FT), Apple is recruiting for new talent for its payments section, specifically a business development manager for alternative payments.

A new Apple job posting may be looking for someone with bitcoin knowledge

According to the job posting, the successful candidate will work at Apple’s Cupertino headquarters on the same team as the Apple Pay and iPhone Wallet apps.

They will be in charge of developing new partnerships with “strategic alternative payment partners.” Several years of expertise working with crypto, as well as other forms of payment such as Buy Now Pay Later (BNPL) services, will be required for the new position. Apple is considering the potential appointment as it considers adding bitcoin payments to its Wallet app, which is the iPhone’s key location for digital payments.

The job advertisement instantly became a lightning rod for crypto aficionados, who saw it as a hint that one of the world’s largest IT corporations is getting ready to be more involved in the cryptocurrency space.

Apple is currently ready to engage with crypto, according to RBC Capital Markets analysts, with chances to make it easier and safer to purchase and trade digital assets.

Apple has previously been chastised for refusing to support bitcoin and other cryptocurrencies through Apple Pay or the App Store, including a 2013 ban on crypto wallets on the iPhone, which it later reversed.

The cryptocurrency markets have been volatile recently, thanks in part to Elon Musk’s tweets, which stated early in May that Tesla would not accept cryptocurrency payments.

He later changed his mind, tweeting that he supports cryptocurrency.

PYMNTS called May 20 an “exceptionally volatile day” for cryptocurrencies, with several government agencies considering forming an “interagency policy sprint team” to study the technology.

Also read about: Now you can buy Cryptocurrencies with Apple Pay

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