THEY didn’t mention bitcoin, crypto, stablecoins or tokenized assets in their latest tour d' horizon?
AWAY WITH THEM.
Payments are probably the most-watched Apple-related item within the crypto asset industry. It could indicate whether the company, with more than a billion active iPhones, is moving toward natively supporting crypto asset payments and adding them to its wallet. Based on worldwide trends, stablecoins are now the most likely to be supported by Apple.
For now, the new services released in June indicate that the company is actively building out its payments capabilities. It expanded Apple Cash into bill-splitting, opened Wallet to user-created passes, redesigned Apple Pay checkout, and added Tap to Share.
Meanwhile, Apple Cash runs through Green Dot Bank, with Apple Payments Services LLC acting as a service provider. Given how these services are structured, stablecoins might be the company’s first choice should it, for example, look to expand Split Bill with Apple Cash outside the U.S. Moreover, Apple’s structure resembles what will be required of a licensed stablecoin issuer in the U.S., starting in 2027 — a nonbank layer on top of a chartered bank.
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