Apple explores adoption of cryptocurrencies and now hiring a manager with crypto experience
Apple, one of the world’s largest technology consumer company, is looking to hire a business development manager with experience in the cryptocurrency industry.
According to the job posting published earlier this week, the business development manager will help to lead Apple’s Alternative Payments Partnerships.
Ideally, the candidate should have more than five years’ experience working in or with “alternative payment providers, such as digital wallets, buy now pay later (BNPL), Fast Payments, cryptocurrency”.
Based at Apple’s headquarters in Cupertino, the new hire will be the company’s chief negotiator for the alternative payments space.
A growing interest in cryptocurrency
While it is unclear what does that look like, one possible Apple Pay use case is that users may soon be able to purchase cryptocurrencies via Apple Pay. This can potentially be done with cryptocurrency platform Coinbase, which is rumoured to be working to make its Visa Debit Card compatible with Apple Pay for in-app purchases.
Apple joins the list of companies looking into the adoption of cryptocurrencies this year.
Earlier in March this year, Tesla — the world’s leading electric vehicle brand — announced that it began accepting payment for its vehicles in the form of Bitcoin, although the decision was recently reversed due to environmental concerns over Bitcoin transactions.
Other than Tesla, PayPal has long allowed its users to accept cryptocurrencies for payments, although the feature is only accessible to users in the United States.
In Singapore, institutional interest in cryptocurrency has also grown, especially with the country’s largest bank DBS recent move allowing its private banking clients to invest in cryptocurrencies.
“I do think given the amount of interest in all the four cryptos that we trade now, that interest is quite high. And therefore, I do think it will pick up,” shared DBS CEO Piyush Gupta during its most recent earnings call.
Cryptocurrency and blockchain technology is a key content pillar for Vulcan Post, and we will be continuing to cover the development in this space. You can follow our coverage here.
Featured Image Credit: pymnts
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