Apple’s latest acquisition could turn iPhones into payment terminals

An Apple spokesperson didn’t confirm the acquisition outright, only giving the publication a standard response:

“Apple buys smaller technology companies from time to time and we generally do not discuss our purpose or plans.”

The tech giant did snap up a few smaller companies over the past months. Back in January, it purchased Seattle-based AI startup, Xnor.ai, which developed a way to operate AI on devices rather than in the cloud. It also purchased virtual reality startup NextVR, which is known for its partnerships with sports entities, such as the NBA.

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