Apple, Goldman Sachs To Add Stock Trading Feature On iPhones?
Wall Street bank Goldman Sachs and Apple were mulling to launch a stock trading feature on iPhones, according to reports. The feature was envisioned to provide users with a direct option for investing from the Apple devices. However, it remains to be seen how long the project would take before coming to fruition.
Also Read: XRP Price Prediction: Decoding Potential Rally To $1 As Ripple Bets Big On E-Commerce
The Bull Run Effect
According to a CNBC report, the two companies began working on the idea back in 2020 when the stock markets were in full swing in the middle of a Covid-induced bull run. However, it is still unclear as to why the project did not go as planned. The report said progress was made in the project up until 2022, when the feature was tentatively set to release. Later, it was the slump in financial markets over rising inflation and high interest rates that led to a pause in the iPhone trading feature project.
In an interesting revelation, the report quoted a source as saying that the feature is set for release. “The infrastructure for an investing feature is mostly built and ready to go should Apple eventually decide to move forward with it.” The original plan involved offering an option to buy Apple shares for people willing to invest savings. Apple and Goldman Sachs have been offering credit card services since August 2019.
Elon Musk’s Vision For X As Financial Epicenter
While announcing the initiative of rebranding of Twitter to “X” at the end of July 2023, Elon Musk said he wishes to turn the platform into “The Everything App”. This meant creating an ecosystem on X that works as an epicenter for everything related to finance and stock markets.
Also Read: Bitcoin Price Prediction: How $27k Support Is Driving Interest In BTC Ahead Of FOMC Meeting
- Will Bitcoin Rally as JPMorgan Tips Fed To End QT at FOMC Meeting?
- White House Crypto Czar Backs Michael Selig as ‘Excellent Choice’ To Lead CFTC
- Ripple Explores New XRP Use Cases as Brad Garlinghouse Reaffirms Token’s ‘Central’ Role
- Kyrgyzstan Adds Binance Coin (BNB) to National Crypto Reserve, CZ Confirms
- Ripple-Backed Evernorth Grows XRP Treasury to $1B Ahead of Nasdaq Listing
- Analyst Eyes Key Support Retest Before a Rebound for Ethereum Price Amid $93M ETF Outflows and BlackRock Dump
- Bitcoin Price Eyes $120K Ahead of FED’s 98.3% Likelihood to Cut Rates
- PEPE Coin Price Prediction as Weekly Outflows Hit $17M – Is Rebound Ahead?
- HBAR Price Targets 50% Jump as Hedera Unleashes Massive Staking Move
- Chainlink Price Outlook: Analyst Predicts $100 as Reserve Adds 63K LINK
- SUI Price Prediction as TVL and Monthly DEX Volume Hit All-Time Highs- What’s Next?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
