Apple Should Launch Own Crypto Exchange, RBC Analyst Says
Analysts at the largest bank in Canada noted that after PayPal and Square’s crypto offerings, the market for tech firms creating crypto wallets has already been validated.
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Apple Inc. is well positioned to offer cryptocurrency trading, according to an analyst with global investment bank RBC Capital Markets. Not only will Apple gain instant market share in the crypto space, but the move could also generate the Iphone maker well over $40 billion in annual revenue. In addition, the analyst says that Apple should follow Tesla’s example and add bitcoin to its balance sheet. Analyst Says Apple to Benefit From Offering Crypto Trading, Should Add Bitcoin to Treasury RBC Capital Markets analyst Mitch Steves believes that Apple Inc. has a “clear....
In a series of announcements at its developers conference, Apple has revealed a number of expansions for the Apple Pay Digital Payment service. The biggest news is that Apple will expand the service and launch a UK market in the following month, making it the first expansion outside of the US. Apple Pay will partner with eight of the largest banks in the UK to support more than 70% of all credit and debit cards within the country. Apple Pay will also be usable in more than 250,000 locations in the UK which include more retail stores than were available at launch in the US. Additionally,....
Apple is about to launch it’s move into China, with its Apple Pay mobile payments platform set to go live on Thursday, February 18. Apple’s new digital payments application will be available to customers of the Industrial and Commercial Bank of China. This announcement comes after previous news that Apple planned to expand Apple Pay into China sometime during 2016 without giving a specific date. With this expansion set to be executed on February 18, China will become Apple Pay’s fifth country included in its service area.
A new analyst report from the Royal Bank of Canada thinks that with a small investment Apple could disrupt the crypto exchange place and pay for it by buying bitcoin.
Last year, Apple hinted that it has been following the development of the cryptocurrency industry intently, leading some to speculate that the global electronics and payment giant was preparing to launch its own cryptocurrency or blockchain platform. Though this prospect was quickly dismissed by Apple CEO Tim Cook, Apple has been shown to be researching […]