Apple iBank Is Only a Matter of Time

Itâ??s only a matter of time before Apple, or another technology company, launches a bank. No, weâ??re not talking about simply partnering with a bank or just linking with a payment system such as Visa or MasterCard but actually becoming a bank or buying one.

This week, the tech bank moved one step closer to reality when Apple announced a new tap-to-pay system called Apple Pay for its latest iPhone model and newly unveiled Apple Watch.

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