2 ms·
This blog post [1] from 2016 seems prescient, linking Apple's stance on privacy with it's hypothesized desire to become a bank. It was a good read, hence why it
by m3at 8y ago
This blog post [1] from 2016 seems prescient, linking Apple's stance on privacy with it's hypothesized desire to become a bank.
It was a good read, hence why it jumped back to mind 3 years later.
Key point:
"Here's my theory: Apple see their long term future as including a global secure payments infrastructure that takes over the role of Visa and Mastercard's networks—and ultimately of spawning a retail banking subsidiary to provide financial services directly, backed by some of their cash stockpile. "
---------
[1] http://www.antipope.org/charlie/blog-static/2016/03/follow-the-money-apple-vs-the-.html http://www.antipope.org/charlie/blog-static/2016/03/follow-t...