Despite his interest in cryptocurrencies, the CEO of Apple (AAPL) Tim Cook rejected the idea Technology companies will accept encryption as payment.
Cook said: “From a personal point of view, this is something I am interested in. I think it is reasonable to have it.” [crypto] As part of a diversified investment portfolio. …I have been interested in it for a while. “
However, Cook continued to state that Apple has no plans to accept cryptocurrency as a payment method for its products in the near future. He did say “there are other things related to encryption” [they’re] I must be watching,” but he refused to elaborate: “If we don’t stand by and watch, it won’t be us,” he added.
He clarified that Apple also has no plans to invest any cash in cryptocurrencies. Other notable companies such as Tesla have also invested in cryptocurrencies and even accepted Bitcoin as a payment method within a short period of time.
Although Apple does not currently have any cryptocurrency services, there is an encrypted wallet application in the iPhone App Store.
Cook received 5 million Apple shares in August, It was worth 750 million U.S. dollars at the time. He said he wanted to donate all his property to charity.
