A report indicates that big tech giant Apple was working on a stock trading app for its devices along with banking institution Goldman Sachs. Across social media platforms, rumors began surfacing about a possible listing of Bitcoin (BTC) and other cryptocurrencies should the platform ever come to light.
Apple Joins Forces With Goldman Sachs, But Project Is Stillborn?
Mainstream media outlet CNBC revealed the plans to launch the stock trading app. The big tech giant planned to compete with Robinhood, Square, and other similar companies, all of which offered BTC and cryptocurrency for its clients.
The report indicates that the bull run across the stock market in 2020 drove the partners to develop this app. During the COVID-19 pandemic, when the price of BTC rose to an all-time high of $69,000, cryptocurrencies, “meme stocks,” and other assets were blooming.
The tech company aimed to capitalize on this bull run and the euphoria experienced by traders during the high liquidity financia
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