The report came the same day that top cryptocurrency bitcoin strode closer to mainstream acceptance after billionaire Elon Musk's electric vehicle company, Tesla Inc, revealed it had bought US$1.5 billion of bitcoin and would soon accept it as a form of payment for cars - sending the cryptocurrency shooting higher.
NEW YORK: Apple Inc has a "clear opportunity" to offer a buying and selling mechanism for cryptocurrencies, a move that would allow the company to immediately gain market share, according to a research report on Monday from RBC Capital Markets.
With its access to world-class software and a secure ecosystem, Apple could tackle the problem individuals face acquiring crypto assets due to know-your-customer laws and other regulations with the company offering a closed system that prevents nefarious activity, improves asset security, and has instant access to buyers and sellers, the report said.
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