Is Apple going to enter into Bitcoin? New job posting reveals some details

Crypto market investors are debating about a possible payment system by Apple to accept payment in cryptocurrency ever since other big giants started to accept the virtual currency. Apple recently posted a job opening for a business development manager with a significant amount of experience in the cryptocurrency industry to lead its alternative payment programs.

According to the listing, the potential candidate should have 10 years of experience and over six years of experience in business development in financial services. Though the posting doesn’t confirm whether Apple is building a payment system for cryptocurrency or not but it does say that the company is paying more attention to cryptocurrency.

“The Apple Wallets, Payments, and Commerce (WPC) team is seeking an experienced Business Development Manager to lead Alternative Payments Partnerships. We are looking for a proven professional in global alternative and emerging payment solutions,” read the job posting

Digital currencies

In the last year, digital currencies witnessed a rise in their value as well as in popularity. The reason behind the spike is the pandemic that introduced the currency to many retail traders who were stuck at homes during lockdowns. Acceptance also grew as many companies started accepting the coins as payments.

According to a recent survey by HSB, nearly 36 percent of small-medium businesses in the US accept Bitcoin. While big companies like Wikipedia, Microsoft, AT&T also accept bitcoin. Elon Musk’s Tesla accepted the currency for sometime later discontinued citing environmental concerns caused due to mining.

Apple’s interest

Apple has been vocal about its interest in virtual currency. In 2019, Jennifer Bailey, video president, Apple Pay told CNN that they are following cryptocurrency and believe that it has long-term potential. 

Recently, Apple launched its own credit card and the card is built into the Apple phone. The company is expanding its Apple pay reach globally which is showing its growing interest in stepping into financial markets. 

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