Tim Cook, Apple’s CEO, confirmed that the company has no imminent intentions to accept cryptocurrency payments.

At the Dealbook Online Summit, Tim Cook confirms that he is personally involved in cryptocurrencies.
Apple’s CEO acknowledged that the company has no imminent intentions to join the cryptocurrency-buying industry.
Unlike Google, Apple may not allow consumers to purchase using cryptocurrency.
Apple has no intentions to accept bitcoin payments, as the company’s CEO stated at a recent event. Cryptocurrencies are an acceptable addition to a portfolio. The corporation, on the other hand, is yet to join the cryptocurrency bandwagon.

Apple has yet to enter the cryptocurrency market.

In the foreseeable future, Apple does not intend to provide consumers a means to purchase using cryptocurrency. Tim Cook said that a portion of his billion-dollar fortune had been invested in cryptocurrency. According to Cook,

I think it’s reasonable to own it as part of a diversified portfolio.

Despite Cook’s personal investment in cryptocurrencies, Apple is unlikely to make it available to its customers. Cook did some crypto research for “a while.” Cook acknowledged unequivocally that cryptocurrencies have been on Apple’s radar for some time.

The internet behemoth is investigating cryptocurrencies but has no plans to embrace crypto payments in the near future. Apple has determined whether or not to invest in cryptocurrencies, Cook told Dealbook’s Andrew Ross Sorkin. The IT behemoth isn’t quite ready to talk about cryptocurrency yet.

According to Cook,

I would sort of characterize it as there are things I wouldn’t do — like our cash balance. I wouldn’t go invest that in crypto — not because I wouldn’t invest my own money in crypto — but because I don’t think people buy an Apple stock to get exposure to crypto. And so, if they want to do that, they can invest directly in crypto through other means.

Google signed an agreement with Bakkt in October 2021 to take real-time crypto payments. Users may now purchase with bitcoins thanks to Bakkt’s connection with Google Pay; however, Apple has yet to provide this feature.