Apple Launches Credit Card, What Does It Mean for Crypto?

[Goodcat49]

The U.S. technology giant, in partnership with MasterCard and Goldman Sachs, has announced its new product known as Apple Card, which is largely a digital credit card and will be ready to start working in summer of this year. The card is created for convenience and to help the company’s customers gradually appreciate the concept of crypto currency and other financial payment forms.

“It will have no international fees or over-limit fees, and, perhaps most notably, no fees for missing a payment,” the company’s representative said.

Analysts have identified that the card doesn’t include the archetypal posted digits or security code. It includes a benefit plan where the user gets a 2% cash back when he/she uses Apple Pay and around 3% on any purchase conducted through the App Store or iTunes.

Nathaniel Whittemore
@nlw
 Hot take time: Apple card will:

1) Make crypto even less relevant by making US mobile 💸 more seamless

2) Be step 1 for adoption of more mobile pay options (incl. crypto)

3) Eventually use crypto as infrastructure

4) Be DOA/backward looking due to legacy $ rails

There are reinforced security measures, for instance, the two-factor authentication which includes scanning user’s face or fingerprint.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/apple-launches-credit-card/