Apple: Cryptocurrencies Are Long-Term Potential

Bailey said Apple closely monitors cryptocurrencies and believes that a new form of money can be very promising in the long run.

Apple views cryptocurrency potential and mobile payment trust

She also spoke about the development of the payment industry: today, society, especially the American one, is distrustful of services for mobile payments (Apple Pay in particular).

According to Bailey, in the minds of users, "payment using a physical card is safer than payment using a mobile phone." She believes that it will take a lot of time to explain the opposite.

Bailey did not tell if Apple plans to work with cryptocurrencies in the future.

We remind that last month Apple introduced its credit card and announced that the purchase of cryptocurrencies with the Apple Card would be impossible.