Apple appreciates the potential of long-term cryptocurrencies

Apple, one of the largest companies in the world, appreciates the potential of long-term cryptocurrencies. In a discussion with CNN Business, Jennifer Bailey, vice president of Apple Pay, explained that the company “pursues” cryptocurrencies. However, she said that consumers should not expect such services in the near future.

Apple is one of the leading smartphone makers and has entered the payments industry through Apple Pay services. They were introduced in 2014, and a few months ago, the company released a new Apple Card, which is backed by Goldman Sachs. However, the card cannot be used for the purchase of cryptocurrencies and they will not be integrated into the payment system in the near future.

Apple is “tracking” cryptocurrencies

However, Jennifer Bailey explained that Apple is “tracking” cryptocurrencies, confirming the company’s cautious and conservative strategy.

Bailey acknowledged, however, that payment systems based on QR codes and cryptocurrencies are increasingly used:

“If we look at QR code payment solutions, the long-term potential of cryptocurrencies, I think we will see this change over time,”

Bailey commented.

The company has never mentioned plans to add crypto solutions to their products. In this regard, Samsung and HTC have lagged far behind competitors.

Samsung, which is arguably Apple’s biggest competitor, has already started incorporating crypto wallets into its products. Recently, they released a blockchain version of the popular Galaxy Note 10 phone model.

HTC also launched a blockchain smartphone called Exodus, which includes a crypto wallet embedded among many other blockchain-related features.