Apple is hiring a new business development manager focusing on alternative payments, which has been seen as a sign that the corporation is shifting its focus to digital assets.
The internet behemoth advertised a position for a “Business Development Manager – Alternative Payments” to manage new collaborations and identify commercialization potential for digital assets on its recruitment website.
According to the job description, the organization is looking for someone with at least ten years of expertise in the industry, with at least five of those years spent working with “alternative payment providers, such as digital wallets, BNPL, Fast Payments, and bitcoin.”
Thus far, Apple has been noncommittal on digital currency, with no intentions to expand into the realm of digital assets. However, bitcoin exchange Coinbase just surpassed TikTok as the most downloaded app on the App Store, indicating an increase in Apple device users using the bitcoin trading platform.
Apple has been rumored to be preparing to enter the digital currency market in recent months. Some speculate that the company may follow Tesla’s lead and add digital currency reserves to its financial sheet.
According to some analysts, such as Paul Steves of the Royal Bank of Canada Dominion Securities, Apple’s own digital currency exchange activities could dramatically disrupt the sector.
Apple will begin reviewing candidates for the position before looking into business collaboration prospects in and around the digital currency industry. With a market capitalization of $2.1 trillion, Apple is the largest publicly traded firm in the United States.
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