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Apple
Opinion
Danny Lee

My TakeApple seeks a piece of the bitcoin frenzy

Apple wants a piece of the bitcoin frenzy, and the virtual currency community is angry. I mean, how dare Apple jump on the bitcoin bandwagon created by the mysterious Satoshi Nakamoto.

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Apple seeks a piece of the bitcoin frenzy

Apple wants a piece of the bitcoin frenzy, and the virtual currency community is angry.

I mean, how dare Apple jump on the bitcoin bandwagon created by the mysterious Satoshi Nakamoto.

The simple fact is the bitcoin community fears Apple will make it obsolete.

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Honestly, Apple can pour money into projects and do them in a safer, bigger and better way.

Apple filed a patent in the United States in January for a digital wallet system that is a "method to send payment data through various air interfaces without compromising user data". This filing occurred days before it removed the last-remaining digital wallet application (that digitally sends payments instantly) without warning. This salvo is seen in the eyes of the company Blockchain, which made the app, as a "threat" to Apple's plans.

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Let's compare: Apple, a multi-billion dollar tech giant, hugely successful at creating technology that works. It has an unblemished reputation and a strong track record and popularity. On the other hand, few trust bitcoin since in a short lifespan it has been tainted by multiple security breaches.

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