Apple CEO Tim Cook Says He Owns Crypto But Apple Has No Plan In Near Future To Accept It
Apple CEO Tim Cook says that he owns cryptocurrency and that Apple is “looking” at the idea of making it work with Apple Pay. However, there are no “immediate” plans to allow people to use cryptocurrency to buy products from Apple itself.
The news came during an interview with Andrew Ross Sorkin as part of The New York Times DealBook online conference, according to a 9to5Mac report.
During that interview Cook was asked about his thoughts on cryptocurrency and whether it could become part of the Apple Pay system.
Sorkin: What is your thought on cryptocurrency right now and potentially accepting it through Apple pay or otherwise?
Cook: It’s something we are looking at, it’s not something we have immediate plans to do. I would characterize it as there are things that I would not do like our cash balance. I would not go and invest that in crypto not because I would not invest my own money in crypto, but because I don’t think people buy Apple stock to get exposure to crypto. So if they want to do that, they can you know, invest directly in crypto through other means. And so I would not do that. I’m not planning to in the immediate future to take crypto for our products. As a mane of tender, but there are other things that we are definitely looking at.”
Cook went on to say that he owns cryptocurrency himself as “part of a diversified portfolio,” while also noting that he didn’t want to be accused of “giving anybody investment advice.”
It looks like it could be a while before you’re able to use crypto as part of Apple Pay or to use your Bitcoin to buy the latest iPhone.