Apple to hire a cryptocurrency specialist to lead alternative payments

Apple to hire a cryptocurrency specialist
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The tech company Apple announced that they will hire a business development manager with experience in the cryptocurrency industry to lead their “alternative payments” partnership program.

The tech giant announced yesterday in one of its job searches that they plan to hire a business development manager with experience in the cryptocurrency industry to lead their “alternative payments” partnership program.

Candidates should have five years or more “working in or with alternative payment providers, such as digital wallets, BNPL [buy now, pay later], quick payments, cryptocurrencies, etc.”

Apple Cryptocurrencies Payments

“Leading the partnership program with key players in the Alternative Payments ecosystem, covering the complete process of partner identification, development and socialization of business cases, negotiation of partnerships, signing and execution of contracts, market launch and continued growth of the partnership value” is one of the job descriptions.

Apple never accepted cryptocurrency for the payment of its products. In fact, Fortnite developer Epic Games claimed that Apple’s rules violate antitrust laws. “Application developers could accept bitcoins or other cryptocurrencies if it weren’t for Apple’s restrictions,” Epic said in its lawsuit against the tech giant.

According to Paul Steves, an analyst at Royal Bank of Canada Dominion Securities, Apple could be in a position to completely transform the cryptocurrency exchange business.

“If Apple decides to go into the cryptocurrency exchange business, we think the firm could immediately gain market share and disrupt the industry,” Steves said in February. “The firm could land a multi-million dollar opportunity in a few clicks.”

Apple remains the largest listed company in the United States with a market capitalization of $ 2.1 trillion.