What is Apple Coin? Apple Could Be Working On A Cryptocurrency

Apple could be the next big brand to venture into the wonderful world of Cryptocurrency, with some experts claiming that Apple Coin could be closer than we think. After all, the Cupertino-based firm has a peer-to-peer payments platform, housed within the Apple Pay ecosystem, and is set to launch the Apple Card in less than a month — a new type of credit card that charges no fees whatsoever, even if you stumble over your limit or wind up paying your bill a little later than requested.

As such, it would make perfect sense for the next step in Apple's foray into the financial market to be a Cryptocurrency, because let's face it: The brand is no stranger to throwing its hat into the ring when it has a chance to lead the charge in a new wave — and with Cryptocurrency set to be the next big thing, rewriting the rules of  both business and personal finance as we know it, it's something it wouldn't want to miss, even more so now rival Samsung is said to be working on a Cryptocurrency of its own.

In terms of the purpose of Apple Coin ... well, that's unknown. Much of what we've heard to date is conjecture, drummed up by analysts, most of whom claim to be familiar with the Cupertino firm's plans, but have no tangible evidence to support their claims. They're just using Apple's neutral stance, stemming from a lack of comment, on Cryptocurrency to draw the conclusion that it could be developing a token of its own behind the scenes, for use both on its store and in the real world. But again, there are no real details.

However, the idea isn't that far-fetched. Back in February, Apple submitted a filing with the Securities and Exchange Commission, in which it mentioned its involvement in the drafting of Blockchain Guidelines for the Responsible Business Alliance's Responsible Minerals Initiative, chairing the board and participating in a number of internal committees, including the Blockchain Team. So, what does that mean? Well, it's all rather cryptic, but one thing is for certain: Apple has a keen interest in Blockchain tech.

Want to learn more about Cryptocurrency? Check out our Beginner's Guide.