Business manager

Apple seeks entrepreneur with cryptocurrency and alternative payment experience

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Apple is looking for a business development manager focused on “alternative payment” platforms, such as digital wallets or cryptocurrency, to lead partnerships for its financial services.

According to a job posting posted Wednesday, Apple is looking to hire someone to join its Apple Wallets, Payments, and Commerce (WPC) team to lead alternative payment partnerships.

“We are looking for a proven professional in global alternative and emerging payment solutions. We need your help to form a partnership framework and business models, define implementation paradigms, identify key players and manage relationships with strategic alternative payment partners,” Apple wrote.

In other words, leasing would become Apple’s chief negotiator for partnerships in the alternative payment space.

The role requires at least five years of experience “working in or with alternative payment providers, such as digital wallets, BNPL, Fast Payments, cryptocurrency, etc.” Another qualification includes “in-depth knowledge of the alternative payments ecosystem, an understanding of the intricacies of funds flows, roles/responsibilities for settlement, relevant regulations and industry standards and the wide range of FinTech products “.

Additionally, the role would require the Business Development Manager to provide insights and opportunities to Apple teams to develop Apple Pay and Apple Wallet services.

Apple maintains strict control over payments in its ecosystem, including the App Store. In recent years, this control has come under intense scrutiny from app developers and government regulators.

Restrictions on App Store payments became the catalyst for Epic Games’ antitrust lawsuit against Apple. In its complaint, Epic alleged that developers could accept “bitcoin or other cryptocurrencies” without Apple’s guidelines.

The Epic Games v. Apple lawsuit officially ended on Monday, capping three weeks of arguments and testimony. A court ruling, which could potentially change the way Apple operates, is expected later in 2021.

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