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Apple pay-later foray blurs tech-finance boundary

Apple pay-later foray blurs tech-finance boundary

Wirya
Finance
The Apple Inc. model is seen throughout the lobby of New York Metropolis’s flagship Apple retailer January 18, 2011. Register now for FREE limitless entry to Reuters.com Register LONDON, June 9 (Reuters Breakingviews) – Tim Cook dinner dinner has crossed the banking divide. Massive US tech firms need to date largely saved out of the lending enterprise. Nevertheless on Monday Apple’s (AAPL.O) chief authorities unveiled plans to utilize the $2.4 trillion agency’s stability sheet to produce “buy now, pay later” loans to iPhone clients. The push into financial firms will protect standard banks on their toes. Apple has carried out…