I'm not Interested In Launching A Cryptocurrency: Apple CEO declares

Apple Chief Executive Tim Cook has weighed in against launching an Apple cryptocurrency, saying in remarks published on Thursday that companies should not be trying to gain power by establishing competing currencies. Three months ago, Facebook announced plans to launch a digital currency in June 2020, in partnership with other members of the Libra Association set up by the US tech giant to manage the project.

When asked whether Apple would follow suit with its own cryptocurrency, Tim Cook told Les Echos daily newspaper it was not on his agenda.

"No. I really think that a currency should stay in the hands of countries. I'm not comfortable with the idea of a private group setting up a competing currency," Tim Cook said.

"A private company shouldn't be looking to gain power this way," Tim Cook added.

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