Apple in Secret Talks to Add Stablecoins as Crypto Moves Closer to iPhones

Apple is reportedly holding private discussions with top cryptocurrency firms to explore the integration of stablecoins into its payment ecosystem. According to a report released Friday by Fortune, the iPhone maker is evaluating how dollar-backed digital assets could improve payment efficiency across its platforms.

The tech giant has not publicly confirmed any official move but is believed to be assessing the potential role of stablecoins in facilitating cheaper and faster transactions. Some sources indicate that Apple is still figuring out how this new technology could help its financial system.

Just like Apple, Alphabet and Airbnb are taking part in similar discussions. Blockchain payments have become an interesting option for major technology companies carrying out international dealings.

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For these reasons, stablecoins have attracted attention as digital currencies that are easy to use globally. With blockchain technology, managing numerous transactions is easier and cheaper for companies.

In 2021, Tim Cook stated that he kept cryptocurrencies, yet the company did not intend to acquire or use Bitcoin. According to Cook, Apple does not plan to hold part of its corporate treasury as digital currency.

In the past, Apple hasn’t shown much interest in blockchain technology, but it is getting more involved. At the end of 2019, a regulatory filing revealed that the company wanted to explore blockchain for managing its supply chain but did not consider financial applications.

Stablecoin Integration Could Bring Crypto Functionality to Apple Devices

The current discussions suggest Apple may be preparing for a future where crypto-related services could become part of the iPhone ecosystem. This potential move could allow Apple users to interact with stablecoins directly through apps or Apple Pay without holding volatile cryptocurrencies.

Experts in the industry see stablecoins as the cryptocurrency application most useful for everyday use. They are attached to traditional cash, such as the US dollar, and do not experience the huge price swings seen with coins like Bitcoin or Ethereum.

In the past, Steve Wozniak, Apple’s co-founder, praised Bitcoin and said it was like “pure gold mathematics.” Additionally, tenured voices such as Michael Saylor have encouraged Apple to build a strong Bitcoin bond, but it hasn’t come to pass.

Though the company has not promised to include stablecoins in its services, the dialogue with crypto firms is a subtle development. If successful, millions of iPhone users worldwide would be able to conduct stablecoin-based transactions.

Also Read: Ripple CTO Shuts Down Wild Claims of Secret XRP for Banks Only

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