According to a recent report, Apple is one of the well-known companies exploring cryptocurrency integration.
According to Fortune magazine's report on Friday, tech giant Apple is currently discussing the integration of stablecoins with cryptocurrency companies.
In addition to Apple, several other well-known companies like Alphabet and Airbnb are also engaging in similar discussions. Stablecoins are now becoming the long-awaited 'killer app,' expected to become mainstream in the industry. The introduction of dollar-backed cryptocurrencies is expected to make transactions cheaper and more efficient.
According to USA Today, Apple CEO Tim Cook confirmed that as of 2021, he personally holds cryptocurrency. However, this tech giant, valued at $3 trillion, has yet to venture into cryptocurrency. Cook denied the idea of Apple purchasing cryptocurrency. As early as 2019, Apple hinted in a regulatory filing that it was exploring blockchain technology for supply chain management.
Apple co-founder Steve Wozniak has previously praised Bitcoin, calling the leading cryptocurrency 'pure gold math.' Last October, Strategy CEO Michael Saylor stated that Apple had to consider purchasing $100 billion worth of Bitcoin. However, the likelihood of this tech giant becoming the next Fortune 500 company to acquire this leading cryptocurrency is extremely low. Shareholders of tech giants like Meta and Microsoft overwhelmingly rejected a recent proposal to include Bitcoin on their company balance sheets.
However, with the highly watched U.S. stablecoin bill potentially passing and Circle's successful IPO, dollar-backed cryptocurrencies seem to be a more viable option for tech giants. #CryptocurrencyAdoption
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