New Apple Card won't support crypto or gambling

[The Buzz]

The User Agreement for Apple's new iPhone-centric credit card, set to be released later this month, has surfaced and there are stipulations about using the new feature for gambling and cryptocurrency transactions.

From Tech Radar:

When signing up for the Apple Card, users must also "acknowledge that use of a modified Eligible Device in connection with your Account is expressly prohibited, constitutes a violation of this Agreement, and could result in our denying or limiting your access to or closing your Account as well as any other remedies available to us under this Agreement."

Additionally, users will not be allowed to use their accounts for cash advances, which the agreement describes as "any cash advance and other cash-like transaction, including purchases of cash equivalents such as travelers checks, foreign currency, or cryptocurrency."

This also includes "money orders; peer to peer transfers, wire transfers or similar cash-like transactions; lottery tickets, casino gaming chips (whether physical or digital), or race track wagers or similar betting transactions."

Admittedly, these stipulations are quite common in credit card agreements, so they shouldn't come as much of a surprise. However, they'll surely be disappointing to those who were hoping Apple's "smarter" credit card might prove an exception. It doesn't appear to be thinking too differently – at least in this regard.

Read more here; https://www.techradar.com/in/news/ap...o-and-gambling

[Cash Bonus]

That's such a shame and unfortunate that it doesn't support cryptocurrency transactions! I was really hoping that it was going to. This would have personally been the best feature of the Apple Card.

[sweetbet]

Disallowing crypto related transactions is a bad idea imo. The whole world is destined to embrace crypto. But at the end of the day, it's their card and they can place whatever terms and conditions that they like on it, until more companies pop up and start eating their lunch.

[Anthony]

Starting a new offering with a bunch of "user will not be allowed..." does not create a desire to apply for it.

I agree, there will be plenty of competition that will be interested the crypto markets.

[PROFRBcom]

Credit cards are being pushed out of this industry. It is only a matter of time. Well... the gray market side of the industry at least.

Of course, it seems like this applies to the regulated side of the industry as well, so perhaps my original unqualified statement was correct!

[ocreditor]

This is their policy now, I believe in the future they'll change it

[darkblack]

Probably that's because it is a new tech and new card. It will take time to people get used. Maybe after 1 or 2 year use it they will work on this for sure.

[Lawson-riley111]

It makes sense as they might be looking out for some of their users due to credit, however it might be over stepping their boundaries. Its only a matter of time before all credit cards do the same.

[protestiikokteli]

I'm sure in couple years when crypto become more popular and more legitimate it will be allowed on apple card.

[casinobillions.jp]

I'm sure it will be changed with time