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Apple & Bitcoin Payments
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Apple & Bitcoin Payments

iPhone maker is hiring a new payments team.

Bitcoin Archive 🗄🚀🌔
May 27, 2021
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Apple & Bitcoin Payments
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Apple exploring Bitcoin and cryptos for its payment services - Decrypt

Apple is seeking a business development manager with "5+ years experience working in or with alternative payment providers, such as digital wallets, BNPL, Fast Payments, cryptocurrency…more

——————————————

Apple is rarely the first into a market, but they usually make a big splash when they enter. Samsung announced wallet integration two weeks ago - but Apple seems to be taking a big picture approach across the whole digital/crypto space - from assets to payments and supporting infrastructure. This is potentially another iTunes opportunity for Apple, which they used to dominate the global music industry and remake the company, so it will be interesting to see how they decide to play this.

My guess is they will integrate existing products and platforms into their ecosystem and pick them off one by one - eventually creating an exchange for all digital assets types — and software for an integrated wallet.

Is this good for Bitcoin?
Yes, and no. Excellent for Bitcoin as an asset because it will drive mass adoption in an ecosystem that hundreds of millions of the wealthiest consumers in the world feel comfortable using.

Apple also about $200 Billion in cash reserves that will capitalise any financial services initiative they want to create. For example, they could create a lending platform, or use it to self-insure your Bitcoin deposits. Most people don’t feel comfortable with self-custody - they want convenience even if it comes with catastrophic risks if their exchange gets hacked. Apple can give them reassurance with an enormous cash balance. Their current cash balance is 27% of the Bitcoin market cap - that’s a lot of reassurance!

But it will come at the cost of one big company taking up enormous market share - and that’s contrary to the founding ethos of Bitcoin. That’s the problem with mass adoption - the community loses influence over time as more and more of the legacy institutions arrive. The good thing about Bitcoin is that it’s an open system and we can always opt-out and take our BTC with us!

PayPal Will Let Customers Withdraw Bitcoin - CoinDesk

Bitcoin's Adoption: Today PayPal, Tomorrow Amazon? | by Sylvain Saurel | In  Bitcoin We Trust

We want to make it as open as possible, and we want to give choice to our consumers, something that will let them pay in any way they want to pay,” da Ponte said. “They want to bring their crypto to us so they can use it in commerce, and we want them to be able to take the crypto they acquired with us and take it to the destination of their choice…more

—————————-

Don’t you just love competition?
Earlier this month Revolut started allowing their customers to move their #Bitcoin to another wallet, now PayPal has done the same.

Carl Icahn Says He May Get Into Cryptocurrencies in a ‘Big Way’
- Bloomberg

Twitter avatar for @BTC_ArchiveBitcoin Archive 🗄🚀🌔 @BTC_Archive
Here’s the video: Billionaire Carl Icahn says he’s looking to invest $1.5 billion or more into “crypto” #Bitcoin bro 😎
Image

May 26th 2021

436 Retweets2,215 Likes

Competition makes you change your mind…
Ray Dalio has changed his mind as well:

Twitter avatar for @BTC_ArchiveBitcoin Archive 🗄🚀🌔 @BTC_Archive
I have some #Bitcoin - Ray Dalio, head of the worlds biggest hedge fund! 🙌🚀
Image

May 24th 2021

323 Retweets1,553 Likes

3 legendary money managers all own Bitcoin.
It’s probably nothing…

Image

Iran Bans Bitcoin Mining - Bitcoin Magazine

Or have they? Seems to be a conflict of interest between Ministers and the Revolutionary Guard.

Twitter avatar for @NewFinanceEraNewFinanceEra© ₿ @NewFinanceEra
@BTC_Archive this is not correct, I have friends in Iran. the Minister of Industry sent agents to cut off the electricity used by mining farms, the agents were greeted by Kalashnikov fire, as #Bitcoin mining is being handled by the Revolutionary Guards. they earn $ 1 billion a year!

May 26th 2021

32 Retweets256 Likes

Two Twitter threads you simply must read:

  1. Raoul Pal on the proper functioning of Bitcoin and crypto markets through a 50% crash - without the need for intervention by the FED!

Twitter avatar for @RaoulGMIRaoul Pal @RaoulGMI
Something to get your head around: Head Line: A major asset class crashed 42% in 14 days, wiping out $1.02trn in value in an orgy of liquidation of people up to 100 x levered, with very low regulation. Many tokens fell up to 70%, including unregulated lending and borrowing biz.

May 25th 2021

3,935 Retweets14,349 Likes

  1. Manufacturinig FUD and a market crash
    words from an insider - with receipts! He lists how much it costs to plan FUD stories with different media outlets. Be very careful what you believe from the media.

    Twitter avatar for @twocommapauperTwo Comma Pauper @twocommapauper
    Some inside info on FUD & fucking with markets by someone who's had blood on their hands (many times) before. This is going to be decently detailed, so sit down & take your time. I'll also add some proof as I dig through some old drives (without doxing any clients obvs). 1/n

    May 25th 2021

    5,832 Retweets15,751 Likes

That’s all for now.

Sorry it’s been a while between newsletters. I’m rather busy between some visa and apartment issues right now, but there’s light at the end of the tunnel.

Thank you so much for reading!
And if you enjoyed the read please share it with your friends :)

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Scorpio Joe
Jun 6, 2021Liked by Bitcoin Archive 🗄🚀🌔

well done.

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NewbliciousMedia
Writes Newblicious May 31, 2021Liked by Bitcoin Archive 🗄🚀🌔

Nice.

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