RATE Group | Apple Card restrictions include no jailbreaking or cryptocurrency purchases
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Apple Card restrictions include no jailbreaking or cryptocurrency purchases

03 Aug Apple Card restrictions include no jailbreaking or cryptocurrency purchases

Posted at 03:11h in Cryptocurrency News by

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Apple has revealed more details about its upcoming credit card, and the Apple Card will come with one unique restriction and one not-so-unique restriction.

Thanks to the card’s customer agreement, which was posted publicly on creditor Goldman Sachs’ website this afternoon, we know now the Apple Card won’t play nice with a jailbroken iPhone, via 9to5Mac. And according to Reuters, it will also come with a ban on purchasing cash advances and cash equivalents, with the latter including cryptocurrencies, casino chips, and lottery tickets.

The crypto ban is not so unusual. It’s rare to have a line of credit that can be used for cash equivalents. A number of states also have laws on the books that prohibits the use of credit for items like casino chips and lottery tickets. It would seem neither Apple nor Goldman Sachs has anything in particular against cryptocurrencies, but Bitcoin and other digital tokens would seem to fall under the cash equivalents umbrella.

As far as…

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