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What Tim Cook has to say about cryptocurrency and Apple's 'plans' for it
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What Tim Cook has to say about cryptocurrency and Apple's 'plans' for it
TIMESOFINDIA.COM / Updated: Nov 10, 2021, 10:15AM IST
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The Apple CEO was asked if Apple had any plans for cryptocurrency. “It’s something we are looking at, it’s not something we have immediate plans to do,” said Cook. He further said, “I would characterise 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.”
He also said that he isn’t 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 was also asked about what he thinks of NFTs — non-fungible tokens — that have become quite a rage. Cook said that he thinks that it is an interesting concept. However, he also added that it “will take a while to play out in a way that is for the mainstream person.”
Cryptocurrency hasn’t really become mainstream and still remains banned in many countries across the world. However, companies like Tesla and even Twitter have been talking about it for many years now. Twitter CEO Jack Dorsey often tweets about it and earlier this year said that crypto will be a big part of the company’s future.
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