Apple should offer cryptocurrencies: RBC report

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With its access to a secure and world-class software, Apple could tackle the problem people encounter acquiring crypto assets due to know-your-customer regulations with the company offering a closed system that improves asset security, prevents nefarious activities and has instant access to sellers and buyers; according to an RBC Capital Markets report.

The RBC report came the same day that bitcoin strode nearer mainstream acceptance after Tesla revealed it had bought $1.5 billion of bitcoin and soon would accept it as a way of payment for cars.

Apple has been proceeding cautiously when it comes to cryptocurrencies. In 2014, Apple banned cryptocurrency wallets from its Apps, but then changed the decision and currently allows them. Although, Apple does not allow its Apple Card credit card to be used when it comes to buying cryptocurrencies.


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