{"id":395695,"date":"2019-09-10T16:21:09","date_gmt":"2019-09-10T16:21:09","guid":{"rendered":"https:\/\/uniquehot.com\/?p=395695"},"modified":"2019-09-10T16:21:09","modified_gmt":"2019-09-10T16:21:09","slug":"why-apple-wont-reveal-crypto-and-bitcoin-support-at-iphone-11-event","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/why-apple-wont-reveal-crypto-and-bitcoin-support-at-iphone-11-event\/","title":{"rendered":"Why Apple Won\u2019t Reveal Crypto and Bitcoin Support at iPhone 11 Event"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\">Today, <a href=\"\/tag\/apple\" rel=\"nofollow\">Apple<\/a> will reveal the latest iteration of its flagship smartphone, the iPhone 11 during a live-streamed conference hosted by the Cupertino giant.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">After last week\u2019s comments made by an Apple executive suggesting potential interest in crypto assets like <a href=\"\/tag\/bitcoin\" rel=\"nofollow\">Bitcoin<\/a> and Ethereum, many from the crypto community are expecting the company to follow Samsung\u2019s lead and reveal support for the digital asset class. But here\u2019s the reason why that won\u2019t happen at today\u2019s event and may prevent Apple from ever exploring crypto assets in a larger capacity.<\/span><\/p>\n<h2>Apple Shows Long-Term Interest in Crypto Assets<\/h2>\n<p class=\"p1\"><span class=\"s1\">Last week, Jennifer Bailey, Vice President of Apple Pay told <a href=\"https:\/\/amp.cnn.com\/cnn\/2019\/09\/05\/tech\/apple-pay-vp-jennifer-bailey-table-interview\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">CNN<\/a> that the company is \u201cwatching\u201d crypto-assets like Bitcoin and others, and say they have \u201cinteresting long-term potential.\u201d The crypto community immediately erupted celebrating what many saw as a nod of support from the smartphone manufacturing giant.<\/span><\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/uniquehot.com\/2019\/01\/24\/samsung-s10-crypto-blockchain-ethereum\/\">Samsung Galaxy S10 Could Expose Crypto to Millions of Tech Savvy Users\u00a0<\/a><\/strong><\/em><\/p>\n<p class=\"p1\"><span class=\"s1\">The company&#8217;s footprint is deeply rooted in digital innovation, and with Samsung &#8211; the firm\u2019s fiercest competitor in the smartphone space \u2013 having <a href=\"https:\/\/uniquehot.com\/2019\/01\/24\/samsung-s10-crypto-blockchain-ethereum\/\">already revealed support for cryptocurrencies like Bitcoin in the past<\/a>, most assumed crypto being featured prominently on iPhones and iPads was a shoo-in.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">However, crypto-assets like Bitcoin and others are actually directly opposed to some of the services that Apple offers and could prevent them the emerging asset class from ever being supported on an iPhone or iPad, now, or in the future. And at the very least, the digital asset class is likely to be entirely skipped over during <a href=\"https:\/\/www.apple.com\/apple-events\/?&amp;cid=wwa-us-kwgo-features-slid--apple%20event-e&amp;mtid=20925e1t39169&amp;aosid=p238&amp;mnid=sjbeW4UZ0-dc_mtid_20925e1t39169_pcrid_380747977405_&amp;anonymizeip=set\" rel=\"nofollow\">today&#8217;s iPhone 11 reveal event<\/a>. Here&#8217;s why.<\/span><\/p>\n<h2>iPhone 11 Won&#8217;t Likely Support Bitcoin or Altcoins<\/h2>\n<p class=\"p1\"><span class=\"s1\">The marketing wave for the debut of \u2018Apple Card\u2019 has gone into full effect \u2013 a new \u201ccredit card\u201d by Apple that it claims is different from what banks traditionally offer. It offers users 2% daily cashback on purchases, among a host of other features. The real benefits it offers is in security, speed, and convenience \u2013 the Apple Card exists as a physical card, but also as a digital card inside the increasingly popular Apple Pay.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Apple Pay is used both online and at retail locations for contactless payments. Apple Pay Cash is an internal service the company offers its customers to send funds back and forth with little to no fees and in seconds.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Much of what cryptocurrencies aim to achieve and currently offer is already eclipsed by what the firm has in place currently, and the brand will likely see little reason to disrupt their own services that earn them revenue, in order to support cryptocurrencies that they cannot control.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Cupertino calling. Join us today at 10 a.m. PDT to watch the <a href=\"https:\/\/twitter.com\/hashtag\/AppleEvent?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#AppleEvent<\/a> at <a href=\"https:\/\/t.co\/yLa2e4Xr2R\" rel=\"nofollow\">https:\/\/t.co\/yLa2e4Xr2R<\/a><\/p>\n<p>&mdash; Apple (@Apple) <a href=\"https:\/\/twitter.com\/Apple\/status\/08504576?ref_src=twsrc%5Etfw\" rel=\"nofollow\">September 10, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p class=\"p1\"><span class=\"s1\">Apple, while along one of the more favor tech companies next to privacy-neglecting entities like Facebook, do prefer what many call a \u201cwalled garden\u201d approach, where the company prefers to rely on its own internal technology over those that have been developed elsewhere, even if that technology is widely used and adopted.<\/span><\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/uniquehot.com\/2019\/05\/16\/why-the-next-bitcoin-bull-run-could-eclipse-the-last-crypto-bubble\/\">Why The Next Bitcoin Bull Run Could Eclipse The Last Crypto Bubble<\/a><\/strong><\/em><\/p>\n<p class=\"p1\"><span class=\"s1\">For now, Apple is likely to push through its Apple Pay and Apple Card initiatives in lieu of crypto assets, however, if <a href=\"\/tag\/bitcoin\" rel=\"nofollow\">Bitcoin<\/a> can become the gold standard of digital currencies, they too will have no choice but to support the budding financial technology.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Today, Apple will reveal the latest iteration of its flagship smartphone, the iPhone 11 during a live-streamed conference hosted by the Cupertino giant. After last week\u2019s comments made by an Apple executive suggesting potential interest in crypto assets like Bitcoin and Ethereum, many from the crypto community are expecting the company to follow Samsung\u2019s lead and reveal support for the digital asset class. But here\u2019s the reason why that won\u2019t happen at today\u2019s event and may prevent Apple from ever exploring crypto assets in a larger capacity. Apple Shows Long-Term Interest in Crypto Assets Last week, Jennifer Bailey, Vice President of Apple Pay told CNN that the company is \u201cwatching\u201d crypto-assets like Bitcoin and others, and say they have \u201cinteresting long-term potential.\u201d The crypto community immediately erupted celebrating what many saw as a nod of support from the smartphone manufacturing giant. Related Reading | Samsung Galaxy S10 Could Expose Crypto to Millions of Tech Savvy Users\u00a0 The company&#8217;s footprint is deeply rooted in digital innovation, and with Samsung &#8211; the firm\u2019s fiercest competitor in the smartphone space \u2013 having already revealed support for cryptocurrencies like Bitcoin in the past, most assumed crypto being featured prominently on iPhones and iPads was a shoo-in. However, crypto-assets like Bitcoin and others are actually directly opposed to some of the services that Apple offers and could prevent them the emerging asset class from ever being supported on an iPhone or iPad, now, or in the future. And at the very least, the digital asset class is likely to be entirely skipped over during today&#8217;s iPhone 11 reveal event. Here&#8217;s why. iPhone 11 Won&#8217;t Likely Support Bitcoin or Altcoins The marketing wave for the debut of \u2018Apple Card\u2019 has gone into full effect \u2013 a new \u201ccredit card\u201d by Apple that it claims is different from what banks traditionally offer. It offers users 2% daily cashback on purchases, among a host of other features. The real benefits it offers is in security, speed, and convenience \u2013 the Apple Card exists as a physical card, but also as a digital card inside the increasingly popular Apple Pay. Apple Pay is used both online and at retail locations for contactless payments. Apple Pay Cash is an internal service the company offers its customers to send funds back and forth with little to no fees and in seconds. Much of what cryptocurrencies aim to achieve and currently offer is already eclipsed by what the firm has in place currently, and the brand will likely see little reason to disrupt their own services that earn them revenue, in order to support cryptocurrencies that they cannot control. Cupertino calling. Join us today at 10 a.m. PDT to watch the #AppleEvent at https:\/\/t.co\/yLa2e4Xr2R &mdash; Apple (@Apple) September 10, 2019 Apple, while along one of the more favor tech companies next to privacy-neglecting entities like Facebook, do prefer what many call a \u201cwalled garden\u201d approach, where the company prefers to rely on its own internal technology over those that have been developed elsewhere, even if that technology is widely used and adopted. Related Reading | Why The Next Bitcoin Bull Run Could Eclipse The Last Crypto Bubble For now, Apple is likely to push through its Apple Pay and Apple Card initiatives in lieu of crypto assets, however, if Bitcoin can become the gold standard of digital currencies, they too will have no choice but to support the budding financial technology.<\/p>\n","protected":false},"author":517,"featured_media":395697,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,3],"tags":[215,428,6664,2514,54495],"class_list":["post-395695","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","tag-apple","tag-bitcoin","tag-crypto","tag-iphone","tag-iphone-11"],"acf":[],"yoast_head":"\n<title>Why Apple Won\u2019t Reveal Crypto and Bitcoin Support at iPhone 11 Event<\/title>\n<meta name=\"description\" content=\"Today, Apple will reveal the latest iteration of its flagship smartphone, the iPhone 11 during a live-streamed conference hosted by the Cupertino giant.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/why-apple-wont-reveal-crypto-and-bitcoin-support-at-iphone-11-event\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why Apple Won\u2019t Reveal Crypto and Bitcoin Support at iPhone 11 Event\" \/>\n<meta property=\"og:description\" content=\"Today, Apple will reveal the latest iteration of its flagship smartphone, the iPhone 11 during a live-streamed conference hosted by the Cupertino giant.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/why-apple-wont-reveal-crypto-and-bitcoin-support-at-iphone-11-event\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2019-09-10T16:21:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/09\/apple-iphone-11-bitcoin-crypto-shutterstock_1463592950.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"6000\" \/>\n\t<meta property=\"og:image:height\" content=\"4000\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tony &quot;El Toro&quot; 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The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \\\"The Bull,\\\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \\\"The Bull\\\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. 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