Why Apple Needs to Embrace Crypto, NFTs, and Web3
The biggest threat facing Apple (NASDAQ: AAPL) long-term isn't a competitor making a better smartphone or even new devices built for the metaverse. Just as the PC that was modernized four decades ago is still a staple for hundreds of millions of people around the world, the smartphone -- and by extension Apple -- will likely be at the heart of our digital experience for decades.
But threats remain, namely the innovations taking place around cryptocurrencies. Not only is crypto trying to disrupt traditional fiat (or, traditional government-issued currency) transaction methods, it's also innovating in digital asset ownership. Apple could embrace this disruption and lean into it, or it could fight it, opening up an opportunity for device makers who do embrace this booming business.
Image source: Getty Images.
Source Fool.com
