Trying to get Authorised as a Bank in Every Country in the World is a Slow Process even if Digital/Online only bank's Even in the EU 🇪🇺 you have to meet EU licensing conditions and then you have to meet the individual country you set up in conditions as well! US you have to meet the Federal Laws as well as the State you set up in Laws It's all very convoluted and slow as you have to meet the Federal State Laws and Regulations as well deal with cross border issues
In Canada at least there is no point because we have a thing called etransfer. Pretty much the exact same as cash app but instead it’s directly built into everyone’s banking apps. It’s pretty great ngl
@@realblxckbeanie crazy that I got an Apple Card right before I took a job position in the UK. Every time I pull out the Apple Card in public across the UK and mainland Europe people always think it’s a joke. They think I’m trying to pay for dinner with an Apple Store gift card or something.
@@IndellableHatesHandles Good point. E-transfers are like the ameerican "Apple Cash." Not that it would be likely, but would be interesting to see Apple partner with Interac, to implement Interac P2P support?
Apple was built off the back of simplicity. The iPhone didn’t need a manual to show you how to use it because it was, simple. Thats the same philosophy they seem to be taking with the banking blueprint, one card tied to one account accessible on your device at any time that includes a comprehensive hub available to you whenever you like. Spend, save, invest etc all from one place. These banks have partnerships with multiple other industries and companies and interests from vendors. This brings real and easy competition into a market that’s been pretty dominated by a handful of players for decades.
@@zakish222 yes it works good, but just because something is working good doesn't mean that you need it in your life and have to spend 4 figures on it every other year
true, at least i know apple makes their money by selling me the iphone and wanting to keep me buying new iphones, whereas banks it's tracking and shit lol
Banks don't make money on tracking you donut but on having your money temporarily and investing it. Sure maybe some banks do some tracking but for 100% less than Apple which makes like 4bln$ a year from their advertising business
I love apple and I don’t want to ever switch. So for me, this is great, they’re adding more and better features that constantly make the experience better for basically everything.
Amazing coverage on this topic and straight to the point. Delivery of content in the video is superb! Will definitely subscribe as this sort of content is what really interests me!
The weird thing is that these Apple Financial services are only available in the USA. Not sure what’s holding them back from taking advantage of those $1.46 billion users worldwide…
I'm curious to know how many Apple Pay users rely exclusively on the Apple Credit Card or Apple Cash. While the Apple Card is decent, it's not the top choice in its category. Personally, I primarily use other credit cards stored in my Apple Wallet instead of the Apple Card. As a Samsung phone user, I also utilize Samsung Pay, giving me more payment options. It seems like many customers are already deeply invested in the Apple ecosystem. Diversifying their income through products like the Apple Card is a smart move for Apple, especially as smartphone sales slow down.
Using their Ai and access to your funds and setting limits to how much to spend and the Ai generating a diversified portfolios that will generate a profit and with the added benefit of making a tax receipt that will be amazing.
I don't know how you survive there without p2p transfers. I am in Russia and for how many years money has been transferred from any bank to any bank instantly and without commission (you just need to specify the person's phone number and bank)
I personally want the Apple iPhone to have this natively available making it a world class product more than what it is now and if they are planning something like that Apple will change everything once again.
Yeah, I definitely experience similar issues with not having a service agreement signed getting let go last minute just a bunch of different things and I only take now larger contracts on a net 30 but then they also have to run through a factoring company. That’s crazy that they didn’t pay you, but those type of people are out here. Have y’all ever thought about using a factoring company for your net 3060 contract if you wanted to take them?
Interesting video. Only applies to the US though. Of the five steps shown here, Apple has, to my knowledge, taken only the first outside of the US. I’m not aware of any of the other services being available in, say, the UK.
@@gemsondordas3837 but thelose aren't vertically integrated with financial services. Even in south korea samsung financially services aren't integrated with their mobile phone division.
When CBDCs come out this will be the opportunity for Apple to strike As the backend is handled by central banks while the legacy bank is just a user interface. Sounds pretty good
They need to work on their product. I have been a faithful user, but I can’t even get reception anymore. I have a 12 Pro, my GF has a 12, and another friend has a 14 pro. None work. The $99 android works though. I ordered a galaxy.
I know it’s a governmental headache, but parts of me wants Apple to become a bank legally Goldman Sachs wants to leave the Apple Card. That or I hope Chase takes over.
If a smartphone company is offering a banking service, then why can't a bank offer a smartphone service? To avoid monopolist abuses, the government must step in to ensure that a bank-issued device must exist, access, and service within the Apple consumer ecosystem.
I haven’t watches the video yet. But from the title alone, I am already inclined to reject your thesis. Recently Apple ended their pay later service… which was the only financial service Apple provided directly (i.e., not partnered with some big bank).
It's not for the likes of apple to aspire to such a lofty ambitiousness. Shadow banking is a dangerous game. Usury is the biggest sin in the eyes of God.
Hi! Sorry for the occasional "pop" in my audio but I just got a mic and I am still getting used to using it :). Thank you and enjoy the video!
Trying to get Authorised as a Bank in Every Country in the World is a Slow Process even if Digital/Online only bank's
Even in the EU 🇪🇺 you have to meet EU licensing conditions and then you have to meet the individual country you set up in conditions as well!
US you have to meet the Federal Laws as well as the State you set up in Laws
It's all very convoluted and slow as you have to meet the Federal State Laws and Regulations as well deal with cross border issues
26,000 views on Friday aug 9 2024.
Love Apple Music lossless quality
It's crazy that Apple Cash and Apple Card were launched so long ago and that no country outside of the U.S has them
No kidding, would’ve thought us in Canada had gotten it yet. But I guess they plan on releasing it as a full package deal? In a way?
In Canada at least there is no point because we have a thing called etransfer. Pretty much the exact same as cash app but instead it’s directly built into everyone’s banking apps. It’s pretty great ngl
@@realblxckbeanie crazy that I got an Apple Card right before I took a job position in the UK. Every time I pull out the Apple Card in public across the UK and mainland Europe people always think it’s a joke. They think I’m trying to pay for dinner with an Apple Store gift card or something.
@@realblxckbeanie Canada doesn't need Apple Cash because we have e-transfers, but the Apple card is a very interesting idea that could work here
@@IndellableHatesHandles Good point. E-transfers are like the ameerican "Apple Cash." Not that it would be likely, but would be interesting to see Apple partner with Interac, to implement Interac P2P support?
Apple was built off the back of simplicity. The iPhone didn’t need a manual to show you how to use it because it was, simple. Thats the same philosophy they seem to be taking with the banking blueprint, one card tied to one account accessible on your device at any time that includes a comprehensive hub available to you whenever you like. Spend, save, invest etc all from one place. These banks have partnerships with multiple other industries and companies and interests from vendors. This brings real and easy competition into a market that’s been pretty dominated by a handful of players for decades.
Exactly, all while building a trusted brand all these years.
I've never needed a handbook to understand my phone and I had my first one long before the first iPhone
Apple's ecosystem is perhaps their most powerful tool so its smart they are looking to beef it up
Apples most powerful tool is keeping their customers ignorant through their Appleganda and smart psychological tricks
@@EinfachFredhaftGamingthe Apple eco system is really good, can’t deny that
@@zakish222true
@@zakish222 yes it works good, but just because something is working good doesn't mean that you need it in your life and have to spend 4 figures on it every other year
Your channel is criminally underrated. You produce great, high-value content. It’s only a matter of time until it gets the recognition it deserves.
Why does this have only 500+ views? *looks at release time 😅* I predict 15k+ by the end of the week
Agreed
Remarkable quality for such a small channel and video
It will be more,
@@bestgamer4551 Only took 2 days to accomplish 👏🔥
18k now 🤷🏾♀️
It's my first time coming accross this channel and I love the simplicity of the visuals.
I think most of the visuals are from apple ads
i’d rather have apple as my main source of financial service than any other bank tbh
true, at least i know apple makes their money by selling me the iphone and wanting to keep me buying new iphones, whereas banks it's tracking and shit lol
Banks don't make money on tracking you donut but on having your money temporarily and investing it. Sure maybe some banks do some tracking but for 100% less than Apple which makes like 4bln$ a year from their advertising business
Those videos should have millions of views, such a great work. From France
I really love this channel. It just gets to the point.
I love apple and I don’t want to ever switch. So for me, this is great, they’re adding more and better features that constantly make the experience better for basically everything.
Bot comment detected
@@EinfachFredhaftGamingsays you 😂
I love my Apple Credit Card / Savings account, and excited to see where Apple goes from here.
A comment to boost this channel with exceptional content
not me in canada not knowing an of these exist
Yep, 99% of this video is currently USA based. The only thing wider used in this video are iPhones and ApplePay
@@theinternetbutler only thing i can use is contactless payment
@@theinternetbutlerOnly Apple pay and the wallet app for us. The other stuff isnt available outside of the US.
As a European I had never heard of this either
Amazing coverage on this topic and straight to the point. Delivery of content in the video is superb! Will definitely subscribe as this sort of content is what really interests me!
Banks have a more and more regulation. Apple wants to offer banking without being a bank hence the partnerships.
But their banking products are operated by Goldman Sachs, a bank.
Honestly wouldn't mind if they became my bank. Deadass I would trust Apple more with my money than my government
That sounds like something from a dystopian Hollywood movie where one mega corporation controls your entire life.
💯👍🏻
@@Matt-bp5vycould be great tho, if the corp operates like they’re there for your best interest .
@@Feaddsyeah, and that will surely happen if they’re the monopolist 👌
@@Feaddsprivate entities have your best interests at heart… until they don’t.
I really enjoyed this video. Straight to the point, fluid animations and detailed information. Keep it up!
The weird thing is that these Apple Financial services are only available in the USA. Not sure what’s holding them back from taking advantage of those $1.46 billion users worldwide…
Apple could buy a small bank as well
This channel's first video is about Apple as well. Good Luck! You just got new sub, Bud. You should do a video about the Olympics
I'm curious to know how many Apple Pay users rely exclusively on the Apple Credit Card or Apple Cash. While the Apple Card is decent, it's not the top choice in its category. Personally, I primarily use other credit cards stored in my Apple Wallet instead of the Apple Card. As a Samsung phone user, I also utilize Samsung Pay, giving me more payment options.
It seems like many customers are already deeply invested in the Apple ecosystem. Diversifying their income through products like the Apple Card is a smart move for Apple, especially as smartphone sales slow down.
Loved your work!
Samsung does the same thing 😭 sometimes but i wanna experience a new phone but im deep into the ecosystem
Well crafted video!
i opened my apple savings account in 2023
The word "Savings" and "Apple" do not go together.
Using their Ai and access to your funds and setting limits to how much to spend and the Ai generating a diversified portfolios that will generate a profit and with the added benefit of making a tax receipt that will be amazing.
I want an Apple Checking account so bad
That would be clutch its most likely on the way until then SoFi and Ally are solid!
facts
Great analysis, thx.
People are putting WAY too much faith and trust into Apple lmao
I’m thinking about moving into their ecosystem and THIS FAITH is what scares me most
As opposed to faith and trust in android?
???
Your comment is beyond useless
Every company eventually ends up as a bank or insurance company that's the final boss of capitalism 🤑
I don't know how you survive there without p2p transfers. I am in Russia and for how many years money has been transferred from any bank to any bank instantly and without commission (you just need to specify the person's phone number and bank)
I personally want the Apple iPhone to have this natively available making it a world class product more than what it is now and if they are planning something like that Apple will change everything once again.
Thank you for the video and the knowledge
Yeah, I definitely experience similar issues with not having a service agreement signed getting let go last minute just a bunch of different things and I only take now larger contracts on a net 30 but then they also have to run through a factoring company. That’s crazy that they didn’t pay you, but those type of people are out here. Have y’all ever thought about using a factoring company for your net 3060 contract if you wanted to take them?
Apple Pay also 'hides' your CC information, thus keeping you safe/safer from CC fraud. That's a very important feature you failed to mention.
Wechat in the making.
Love Apple Music lossless quality
It's dystopian to tie ones financial life to a single brand and only those appliances you use. How anyone thinks this is a positive 🤯
Apple will remain popular even after your great grand kids live.. such is the might of Apple
@@-bigChungusVerified praise the lord Timmay
I am in Canada now and Apple Card has good forex rate, still gives you 2%, and has no forex fees. I think that is a massive win for traveling.
every company eventually wants to be a bank
Interesting video. Only applies to the US though. Of the five steps shown here, Apple has, to my knowledge, taken only the first outside of the US. I’m not aware of any of the other services being available in, say, the UK.
When USA discover pix from Brazil, they'll go insane
The savings account was both announced and launched in 2023. Not 2024.
I will never own an IPhone but I will own AAPL because of their diverse baskets.
Still waiting for Apple Checking Account
a vertically integrated monopoly
Have you heard of Google Pay and Samsung Pay?
@@gemsondordas3837 but thelose aren't vertically integrated with financial services. Even in south korea samsung financially services aren't integrated with their mobile phone division.
@@gemsondordas3837 they're not a vertically integrated monopoly. They don't offer financial services
We don’t have anything past Apple Pay in the uk :(
Will you use an HSBC issued phone?
apple will be the one to implement web3
The Savings account actually launched in 2023.
When CBDCs come out this will be the opportunity for Apple to strike
As the backend is handled by central banks while the legacy bank is just a user interface.
Sounds pretty good
its insane to me that americans cant bank each other money
I could see Apple creating a physical Apple Cash card as you can you a Virtual Apple Cash card info to make purchases online. I use it to pay for Hulu
Upi smiling in the corner 😅
Apple pay>
RUclips need to be stopped. I got 4 unskippable ads, skipping from 2:32 or something like that to "partnerships".
RUclips so trash now.
They need to work on their product. I have been a faithful user, but I can’t even get reception anymore. I have a 12 Pro, my GF has a 12, and another friend has a 14 pro. None work. The $99 android works though. I ordered a galaxy.
What will be really cool is if Apple makes investing in stocks with your iPhone really easy safe and secure.
And now it would just be great if Apple Card/Cash etc would also come to the EU... :>
Apple could also make money making Movies.
Don’t they do that already??
Their movies are decent.
I just hit $100k spent on Apple products to-date.
And I HATE them, with a vengance, for obvious reasons.
Could you please elaborate?
Wow
7 years and still no Apple Cash in Europe
Apple with an ulterior motive??? Never
I know it’s a governmental headache, but parts of me wants Apple to become a bank legally
Goldman Sachs wants to leave the Apple Card.
That or I hope Chase takes over.
If a smartphone company is offering a banking service, then why can't a bank offer a smartphone service? To avoid monopolist abuses, the government must step in to ensure that a bank-issued device must exist, access, and service within the Apple consumer ecosystem.
ITS intersting in the Rest of the World have only Apple pay with IOS 18 We got Apple Cash. Why ist Apple in the US so developt???
Only in USA tho
Please dig into Ripple and the new use of Blockchain... this banking stuff is about to get flipped on its head..
I know about Apple Pay… but all the other things I dunno….
Me; laughing in Canadian
I’m surprised iPad is close to Mac. Other than kids I don’t even know who else uses iPads. Whereas I see Macs everywhere.
I hoped Apple will build the infrastructure to become a bank themselves. It might help them offer their products outside of the US as well.
Only in USA, other countries will block them getting a licence
Not if they make it worth while.
I a lot of channels like this idk if they are AI CHANNELS
What will apple do if its users funds get wiped out?Doubt if apple will replace it
I haven’t watches the video yet. But from the title alone, I am already inclined to reject your thesis. Recently Apple ended their pay later service… which was the only financial service Apple provided directly (i.e., not partnered with some big bank).
Apple should buy SOFI
It's not for the likes of apple to aspire to such a lofty ambitiousness. Shadow banking is a dangerous game. Usury is the biggest sin in the eyes of God.
At least half the comments here are obvious bots, lol
this is not modern mba 😭
This reeks of monopoly and believe it or not apple gets HACKED too.If there's no alternatives to this,this will be a bad idea.
If citi takes over Apple Card I’m out lol
lol
Apple Paze XD
bros mad he doesnt have 15k subs 😂
Indian UPI payments system laughing in the corner...