What does the Apple Inc. (NASDAQ:AAPL) reinstatement mean for Blockchain and bitcoins? Nic Cary discussed how big a deal this new development is in a recent interview on Bloomberg’s Street Smart.
The interview with the Blockchain CEO comes after Apple Inc. (NASDAQ:AAPL) reinstated Blockchain, a payment processing application that uses bitcoin, to the Apple App Store.
“This is a pivotal moment for Bitcoin in general and really huge for Blockchain. Apple is the world’s leading consumer brand and they are telegraphing and kind of sending an olive branch out to developers around the world that they are opening their doors and letting people come build again. This is a huge deal. There are 500 million iPhones out there and over the past six months, everyone was building on Android. So, this is very, very exciting,” Cary said.
Carry was then asked why Blockchain has been able to grow its user base even though Apple Inc. (NASDAQ:AAPL) banned their app on their platform. Cary said that this might be the case, but having access to the iPhone-maker’s user base is a big deal.
“We started off the year with just shy of a million users and we have already doubled in size despite Apple’s position, but this is a really big opportunity for us. In fact, in the past couple days, tens of thousands of new users have already downloaded our brand new iOS wallet. Even tonight, there is a new update coming out that is going to let people anywhere in the world locate local merchants, coffee shops and restaurants where they can spend and use bitcoins,” he explained.
Aside from the Apple Inc. (NASDAQ:AAPL) reinstatement, Cary was also asked how Blockchain makes money. He said that they are making money solely from advertising deals because their platform is one of the most visited properties on the internet.
Watch Cary below talk about Apple Inc. (NASDAQ:AAPL) and whether his company will someday carry other types of digital currencies.