Apple Signals Interest in Crypto Domain with a Job Listing

This year, the crypto market has inspired a number of heavyweight corporations, including Elon Musk’s Tesla Inc. Its $1.5 billion investment in Bitcoin was sufficient to reveal institutional interests in the inherently unstable market.

Apple Inc., the $2 trillion-valued computer behemoth, is the latest mega-corporation to consider entering the crypto market. Despite the fact that no formal statement has been issued, the company hinted to this in its most recent job posting, which wants the skills of a business development manager. The Alternative Payments Partnerships division at Apple Wallets, Payments, and Commerce (WPC) is looking for a new leader.

The advertisement states that the likely applicant must have a minimum of 5 years of professional expertise in cryptocurrencies.

“5+ years experience working in or with alternative payment providers, such as digital wallets, BNPL, Fast Payments, cryptocurrency, etc..”

The IT behemoth also requires the applicant to be familiar with the intricacies of cash flow, and also applicable legislation, industry standards, and a broad range of Payment systems. Apple may be exploring a crypto cooperation, according to the job description. Over the last few months, Apple has demonstrated its willingness to be flexible when it comes to cryptocurrency.

Courtesy to a latest deal, consumers may now buy Cardano (ADA) with Apple Pay, thanks to Simplex, an Israeli-based converter of fiat to crypto solutions. Apple Pay has more than 65 million users and provides millions of people with straight forward crypto access via Apple devices, wallets, and other services.

Apple trusts that new financial technologies will have a significant impact on people’s lives.

New ideas have a way of becoming extraordinary products, services, and customer experiences people once couldn’t have imagined — and now can’t imagine living without.

Steve Wozniak, Apple’s co-founder, stated in 2017 that Bitcoin is a superior yardstick of value than gold and the US dollar. He claimed that the only thing that distinguishes Bitcoin from the US dollar is its restricted quantity. Jennifer Bailey, Vice President of Apple Pay, expressed support for cryptos in 2019 and signaled at a prospective foray into the industry. We’re keeping an eye on the bitcoin market. We believe it’s fascinating. It has an impressive long-term prospects, in our opinion.

It’s important to mention that the institutional interest in cryptos has surpassed all others in the previous two years. The latest swings are correlated with high pace of crypto adoption by organizations, contrary to the late 2017 and early 2018 bull run, which was mostly driven by small scale investors.