So what it appears Apple might be doing is nothing short of revolutionary. They want to consolidate finance, by letting businesses simply tokenize their products. Then ApplePay, and wallets that support them, can process them on the Lightning Network. You probably don't understand the ramifications of this.
For example, Starbucks will make an NFT of a large latte. This NFT is directly pegged to whatever the price of a large latte is at Starbucks. Say $5 or 10k Sats. So this NFT can be exchanged for a large latte at any Starbucks. But Apple wants to create "DeFi" out of this, meaning, there's a secondary market for all the products. So I can buy your coffee from you, swap it for a BigMac, sell it, wrap and gift it, or whatever. But here's the kicker...it's actually a bitcoin marketplace running on the Lightning Network, using all the channels being built-out globally by Strike, and then Goldman Sachs (who issues the Apple credit card) will provide global liquidity. Few will even know they're using it. This really isn't good news long-term for fiat (and thusly stablecoins) if this grows, because there's effectively no reason for me to hold inflating dollars or stablecoins when an NFT-pegged product will hold its value and appreciate with inflation--like coffee, gas, milk, bitcoin, etcetera.
Jack Mallers, CEO of Strike. Photo taken from his Twitter
This is probably worse news for vaporware and middleware shitcoins though in the mid-term, because suddenly we have tokens backed by real companies, real products, real commodities, and tied to real money--bitcoin. Lastly, the most effected in the short-term might be payment processors and remittance like Visa, Mastercard, Western Union, etcetera.
Basically Apple will consolidate finance and be the broker-dealer of these securities. Think if ????swap, iTunes, Chase, Etrade, and Coinbase all had a baby on the Lightning Network. No news on how Strike will achieve all this, or any particulars really, but this all builds bitcoin's circular economy, and Apple will have already purchased at least $1.5B in BTC.
Also consider what companies can do issuing these tokens: deals, one-offs, buybacks, trades... The importance of this is that bitcoin starts absorbing enormous amounts of trust, value, and gets backed in a way no other currency is. It's almost like the IMF's SDR (special drawing rights) with its basket of fiat and commodities, but for the 21st century--and oddly the SDR and BTC's market caps are similar, but not for long?
Jack Mallers using a universal western symbol of contempt to let Chase know they've had their time and place in history
I cannot disclose my source for obvious reasons. And I can't say with 100% certainty this is true. I can say that in previous posts I've warned altcoin holders about the incredible damage tokenized securities backed by real companies, products, and governments (bonds), effectively settled in bitcoin can do to vaporware altcoins which compete in nothing but an orgy of swaps, wraps, burns, mints, and stakes, run by dapps that do nothing but optimize token interactions to keep the orgy going. Coinmarketcap is going to be going through some changes I'd say.
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