apple mulling cryptocurrency move
© Apple Tim Cook, Apple’s chief executive – Apple

Apple is eyeing a push into cryptocurrency amid soaring interest in digital money as prices surge.

The iPhone maker’s chief executive TimCook said cryptocurrency is “something we are looking at, it’s not something we have immediate plans to do”.

He said Apple was not considering investing its own funds in cryptocurrency, as electric car company Tesla has done.

Mr Cook said the business is also not planning to sell its products in exchange for bitcoin or other crypto in the immediate future, although there were “other things that we’re definitely looking at” in regards to cryptocurrency.

Bitcoin prices hit an all-time high of more than $67,000 earlier this week, buoyed up by an investing boom in the wake of the Covid crisis.

Mr Cook’s comments, at a financial conference, come two years after Apple Pay vice president Jennifer Bailey said there was “interesting long-term potential” in cryptocurrencies.

Meanwhile, the Bank of England is considering setting up a digital currency dubbed Britcoin. On Tuesday, officials said this is at least five years away from launch and vowed to set up a consultation into itsb creation in 2022. 

Sir Jon Cunliffe, deputy Governor for financial stability at the Bank, said the plan for a consultation was a “crucial step in our policy development”.

Sign up to the Front Page newsletter for free: Your essential guide to the day’s agenda from The Telegraph – direct to your inbox seven days a week.

TECH NEWS RELATED

The best notes apps for iPhone and iPad

AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content. Whether you need to jot down a phone number, figure out your shopping list, or capture crucial meeting details, a ...

View more: The best notes apps for iPhone and iPad

Apple reportedly allowing 'looser' adherence to ad privacy rules & requirements

AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content. Certain big tech app developers are claiming that they are still able to derive “user-level” details, leading to a report ...

View more: Apple reportedly allowing 'looser' adherence to ad privacy rules & requirements

Apple iPhone 13 Pro Max Price in Malaysia & Specs

The Apple iPhone 13 Pro Max is powered by a Apple A15 Bionic (5 nm) CPU processor with 128GB 6GB RAM, NVMe. The device also has a 6.7-inch Super Retina XDR OLED (1284 x 2778 pixels, 458 ppi) display. It has a Quad: 12 MP, f/1.5, 26mm (wide), 1.9µm, ...

View more: Apple iPhone 13 Pro Max Price in Malaysia & Specs

Apple iPhone 13 Pro Price in Malaysia & Specs

The Apple iPhone 13 Pro is powered by a Apple A15 Bionic (5 nm) CPU processor with 128GB 6GB RAM, NVMe. The device also has a 6.1-inch Super Retina XDR OLED (1170 x 2532 pixels, 460 ppi) display. It has a Quad: 12 MP, f/1.5, 26mm (wide), 1.9µm, dual ...

View more: Apple iPhone 13 Pro Price in Malaysia & Specs

Satechi launches new Thunderbolt 4 dock, two USB-C hubs

AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content. Satechi’s lastest Mac accessories include an all-new Thunderbolt 4 dock as well as the new USB-C Multimedia Adapter M1, plus ...

View more: Satechi launches new Thunderbolt 4 dock, two USB-C hubs

Satechi launches Thunderbolt 4 Dock for the new MacBook Pro alongside two USB-C hubs

Satechi is out today with a lineup of new accessories for Mac including two USB-C hubs as well as a full-featured Thunderbolt 4 Dock. The latter includes three USB-C/Thunderbolt 4 ports, a UHS-II SD card reader, Gigabit Ethernet, and more. Satechi’s Thunderbolt 4 Dock headlines its new Mac connectivity ...

View more: Satechi launches Thunderbolt 4 Dock for the new MacBook Pro alongside two USB-C hubs

How to free up iPhone storage without deleting your apps or photographs

AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content. If you’re running low on iPhone storage, you don’t have to permanently delete your precious images or app data. Here’s ...

View more: How to free up iPhone storage without deleting your apps or photographs

How to recover deleted files on Mac with 4DDiG Mac Data Recovery Software

AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content. If you’ve ever wiped an important file by accident and need to get it back quickly, here’s how to recover ...

View more: How to recover deleted files on Mac with 4DDiG Mac Data Recovery Software

Razer just revealed an RGB cooling fan accessory for both iPhone and Android devices

Apple Self Service Repair preps underway with iPhone service history in iOS 15.2

Apple planning upcoming release for macOS Monterey 12.1, fixes YouTube HDR crashing issue and more

This unlocked iPhone 12 Pro deal is better than its Black Friday price

iPhone 13 Pro review - Is this flagship worth upgrading?

Qualcomm Snapdragon 8 Gen 1 Behind Apple A15 Bionic, Beats Exynos 2100 in CPU Benchmark Tests: Report

Pokémon UNITE announces holiday event; adds Dragonite, more outfits, new gameplay

9to5Mac Daily: December 08, 2021 – AirPods Pro 2 rumors, iPhone production woes

Apple iPhone 13 Price in Malaysia & Specs

Apple was reportedly forced to halt iPhone and iPad assembly for the first time in a decade

Apple allowing 'much looser interpretation' of ad tracking policy, claims report

Reddit announces its 2021 recap of top community moments and personalized recap for users

OTHER TECH NEWS

;