Will Apple Build Its Blockchain Assets? A Cryptocurrency Tightrope Workdaycerned asked him how he would go about this.
Apple is already in the cryptocurrency game, and with its new headquarters in Cupertino, it’s set to become one of the leading digital currency holders in the world. Last month, the company unveiled the new Apple Pay mobile service, allowing consumers to pay for goods and services using their smartphone as a digital wallet. There’s no word yet on whether it will adopt a blockchain as its digital asset standard, but it will have its digital asset if the company does.
If Apple does build its cryptocurrency, which seems extremely unlikely, it would be the first digital asset standard to do so. And it would be a giant leap for both cryptocurrencies and digital currencies.
Here’s why:
1)Digital currencies are still in their infancy.
There’s no telling how quickly cryptocurrency might become a household term by the time the advent of blockchain assets and digital currencies is taken into account. As such, it’s difficult to predict how quickly this could happen. However, it’s important to remember that for digital currencies to become a significant financial asset, they need to be relatively new. In other words, they need to be relatively untested by investors and the market. As such, companies need to know their risks early on.
2)Cryptocurrencies are more than just money.
Even though digital currencies are new, they have plenty in common with traditional financial assets. For example, investors must first decide whether the purchase is trading or if it’s legal tender. Once investors have held out their intentions, it’s crucial to determine the asset’s value and whether it can be bought or sold.
3)Decentralized platforms mean decentralized apps.
Decentralized platforms are the future of financial services. They allow services like banks, credit unions, and other institutions to operate as virtual companies. This will enable them to act as autonomous entities that issue and possess their own money. They also help make it possible for individuals to create and manage their financial products and services without any centralized authority controlling their digital assets.
4)Financing is the new credit card.
Credit cards are still king, but they’re not the only funding source for digital currencies. There are now numerous other sources of financing, including equity funding, venture capital funding, and private equity funding. Companies need to be transparent about who is funding their digital assets so investors can make decisions more quickly.
Summing Up
The digital currency landscape is very closely intertwined with the financial markets. This means that even if a company didn’t do anything special, its digital assets could fall into the laps of events that could make or break one of these digital currencies. So, companies must be clear on whom they’re buying and who they’re selling their digital assets. With so much at stake in this market, companies need to understand who they’re working closely with on the project to create their digital asset. It’s also essential for companies to realize that their digital assets are their most valuable and practical resource.
If you decide to work on a project with an Apple employee, be sure to research the project closely and ensure that it’s in keeping with its long-term plan. You can also consider whether working on a project associated with the company would be in the best interest of the operating business.
