While still speculative, Apple’s CryptoKit is likely the first
step in enabling the exchange of private and public keys that could
allow users to make purchases with bitcoin and other
cryptocurrencies stored on an iPhone.
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Download: Beginner’s guide to blockchain special report
Apple would be only the latest in a flurry of financial
services, ecommerce and social media giants establishing stable
coin technology or cryptocurrency backed by traditional fiat money.
Those companies include
JP Morgan Chase,
Facebook, which unveiled its Libra Coin and Calibra digital
wallet earlier this year.
Source: FS – All Tech News 2
Q&A: What Apple’s embrace of cryptocurrency could mean for the payment industry