Apple launches app for Fiat currencies, and users and developers are moving to Bitcoin

Apple launches app for Fiat currencies, and users and developers are moving to Bitcoin

Apple is a legendary company in Silicon valley, the leader in many markets — from graphic design and music to mobile phones.

It is a revolutionary technology that makes Apple one of the most influential companies in the world.

Apple may become the first company market capitalization which will reach a trillion dollars. So expect that competition with Apple Pay Cash, no one will stand. But for Bitcoin it is all about to change.

Apple Pay Cash

This Tuesday Apple Pay Cash, the payment application is “client-client” (P2P) has become available to Apple users in the United States. The company is positioning this service as the easiest way to make P2P payments with iPhone, iPad and Apple Watch.

Users can now receive money directly in iMessage or just ask Siri to list someone means. Money coming in through Apple Pay Cash, get on a special purse. Users can use credit and debit cards that were already added to Apple Pay, so no need to install the app or create another account.

Although most analysts believe that Apple is the answer to Venmo or Cash App Square, it’s hard to believe Apple hasn’t noticed the recent millions download applications of cryptocurrency wallets. Do not forget that cryptocurrency was created not only as a means of capital preservation, and P2P payments.

While Apple is promoting its “Fiat only” service, more and more mobile application developers listen to the users and add support for cryptocurrencies. Two striking examples is the recent Cash App Square app and mobile banking Revolut.

On Tuesday, Square announced that launches a function in the buying and selling of bitcoin for new users. And yesterday Revolut announced that now customers can use the app for instant purchase via Bitstamp cryptocurrency, and also to transfer free bitcoin, litecoin, and ethereum to other users Revolut.

“This has long been wanted by our customers, Lewis said, Tuff (Lewis Tuff), chief engineer of the platform. — We believe that Bitstamp is the ideal partner, we provide customers Revolut able to convert Fiat money into cryptocurrencies, making the process faster and much more accessible.”

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