Apple Pay VP Thinks That Crypto “Has Interesting Long-Term Potential”

The vice president at Apple Pay, a subsidiary at one of the biggest tech companies in the world, is featured in the latest cryptocurrency news for outlining his interest in the world of cryptocurrency. As the Apple Pay VP recently noted, the company is observing cryptocurrencies as another disruptive through external innovation.

Named Jennifer Bailey, the Apple Pay VP was featured on many best cryptocurrency news sites for telling CNN a couple of words about the company’s leadership. She also shared the plans for the future and said:

“We’re watching cryptocurrency […] We think it’s interesting. We think it has interesting long-term potential, but we’re primarily focused on what consumers are using today.”

The comments by Bailey as the Apple Pay VP caused a lot of waves in the cryptocurrency world, where a lot of stakeholders were surprised that a top Apple executive would make forthright remarks on the payments tech – especially in times when the company has its own growing Apple Pay service to mind.

Moreover, the comments have been notable because Apple simply has not said much probably on the topic of cryptocurrencies to date. In the coming altcoin news, we haven’t seen the tech firm stating something big – unlike some of the company’s largest tech peers which include the names of Facebook and Google.

As the Apple Pay VP noted, the company has done things like adding support for the Bitcoin “BTC” symbol to its popular mobile devices.
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However, at the same time, we know that Apple has prohibited cryptocurrencies from being purchased via its proprietary Apple Card – at least for now.

In any case, the Apple Pay VP Jennifer Bailey said that the company appears open-minded in the long term. She noted that alternative cryptocurrency payment rails are only going to evolve further in the future.

“If you look at QR code payment solutions, if you look at the long-term potential of cryptocurrency, I think you’ll continue to see that change over time,” Bailey said.

The largest player in the field of crypto so far, as the altcoin news show, has been Facebook. Thanks to its Libra coin announcement and plans, Facebook is seen as the biggest and most serious firm that will be entering the crypto landscape.