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Apple has revealed more details about its upcoming Apple card, which is expected to arrive in August, while iPhone sales continue to decline and the company is looking to diversify its business model
According to NOThe customer agreement for the map, which was published on the website of the group Goldman Sachs (Goldman Sachs) online, it is clear that Apple's credit card has many limitations, including what is typical of some other cards, including what is unique.
Apple will not allow the purchase of encrypted digital cards using the Apple Card. The customer's contract states that the card can not be used to purchase cash advances or cash equivalents, such as digital currency, casino games, racetracks or lottery tickets.
The card will not work with jailbroken or modified iPhone phones, Apple asking you to register and accept the card through the Wallet app on IOS.
The agreement states: If you make unauthorized changes to your eligible device, for example by disabling hardware or software controls through the jailbroken process, your eligible device may not be eligible to access your account or manage it.
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The contract clearly states that the use of a modified qualified device related to the account is expressly prohibited and constitutes a violation of this Agreement and may result in Apple's refusal to restrict or restrict your access Account or any other remedy available to the Company under this Agreement.
Apple's credit card is part of Apple's broader efforts to generate more service revenue after years of heavy reliance on iPhone sales, which dropped 12 percent in the fourth quarter.
Apple reminds thatGoldman Sachs are not the only ones to ban the purchase of digital currencies, such as Betcone, via cards. (Lloyds Banking Group Plc) and Virgin Money VM.L have banned such purchases here last year.
This followed the ban on major US banks (JP Morgan Chase & Co.) and Citigroup for such purchases.
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