The Apple Card 'Customer Agreement' form made public & notes that the Card can't be used to Purchase Cryptocurrencies & more
During Apple's fiscal Q3 financial conference call, Apple's CEO confirms that Apple Card will be rolling out later this month. We're now learning that Apple Card will not allow the purchase of cryptocurrencies with the card. This was confirmed on Goldman Sachs website today as a clause in the customer agreement that is finalized.
Reuters reports that "The Apple Card customer agreement said the card cannot be used to purchase cash advances or cash equivalents that include cryptocurrencies, casino gaming chips, race track wagers or lottery tickets. Goldman declined to comment and Apple did not immediately respond to request for comment.
The Apple Card is part of a broader effort by Apple to derive more of its revenue from services after years of heavily reliance on iPhone sales, which declined 12% in the most recent quarter."
Patently Apple has created a Scribd document for your review below that covers the "Apple Card Customer Agreement" created by Goldman Sachs. It points to cryptocurrency on page two of the agreement as a definition for "Cash Advance and Cash Equivalents."
Then on page 3 under "Using your Account" it states: "You may use your Account to make Transactions. You may not use or permit your Account to be used for: "Cash Advances and Cash Equivalents," which includes cryptocurrencies listed back on on page 2.
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