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Apple’s Potential Involvement with Cryptocurrency is Expected

Key Takeaways
  • Apple has been urged by a senior US legislator to take a more accommodative approach to cryptocurrencies and NFTs
  • He also wanted to know if Apple is intended to create its own blockchain in the future, response is awaited till August 14
  • Apple's possible engagement in the crypto field might spark a fresh wave of innovation and growth
30-Jul-2023 By: Anushka Saxena
Apple’s Potential In

US Lawmakers Want Apple To Show Interest in Cryptocurrency and NFTs

Apple has a vast user base and a solid reputation for user-friendly technology and eventually, this might play a crucial role in making cryptocurrencies and NFTs accessible to a large public. Furthermore, with this, the adoption and acceptance of digital assets on a global scale will become easy. Due to this reason, the world's largest technology company, Apple Inc., has been urged by a senior US legislator to take a more accommodative approach to cryptocurrencies and non-fungible tokens (NFTs). The legislator emphasizes the need of embracing innovation in the constantly changing financial landscape while making the call amid increased interest in and acceptance of digital assets.

In a letter to Apple's CEO, the lawmaker, who is well-known for supporting technology and innovation, urged the business to re-evaluate its present stance on digital currencies and NFTs. Although the letter's contents have not been made public, it is assumed that the lawmaker urged Apple to look into the possibility of incorporating elements connected to cryptocurrency and NFT into its goods and services.

The legislator asked Apple a few questions in the letter about how it manages applications from apps that work with blockchain technology. The letter also discussed Apple's collaboration with Axie Infinity and how it does not incorporate the game's NFTs. He also wanted to know if Apple is intended to create its own blockchain in the future. Moreover, Apple has time till August 14 to reply to the letter. 

Apple’s Official Response is Awaited: Might Advance the Crypto World

Many businesses have started looking for methods to enter this expanding sector as a result of the rising interest in cryptocurrencies and NFTs. As it has done in the past with previous technologies it adopted, Apple's possible engagement in the crypto field might spark a fresh wave of innovation and growth.

Apple has not yet provided a formal answer to the legislator's request. Apple’s response to this request is being eagerly awaited till August 14 by the cryptocurrency community and investors because it might have a big influence on the future of cryptocurrencies and NFTs in the IT sector.

Also Read: Supreme Court of India Demands Action on Cryptocurrency Crimes!

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