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Apple's Apple Cash: A Bank Account Earning Interest
This is essentially an extension of the Apple card for now. It's going to stay essentially at Goldman Sachs and just be part of this other account you have access to. But yeah, you could also theoretically transfer a lot of money in here and say, Apple is my bank account. I don't think I would suggest that, but it's an interesting idea. There's a long game here and they want to get people used to this idea of keeping a big balance in their Apple account and using it to pay for things. That cash back moving into the limbo zone.
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