According to Sina Technology News on the morning of August 3, Beijing timeGoldman SachsThe customer agreement published on the website on Friday,applesThe Apple Card credit card launched by the company in partnership with Goldman Sachs Group cannot be used to buy cryptocurrencies.

According to the Apple Card customer agreement, the card cannot be used to purchase prepaid cash or cash equivalents, including cryptocurrencies, casino game chips, racetrack bets, or lottery tickets.

Goldman Sachs declined to comment. There was no immediate response from Apple.

Apple has relied heavily on the iPhone sales business for many years, but now it wants to earn more revenue through the service business. In fact, iPhone sales have dropped 12% in the most recent quarter. Apple Card is one of the steps taken to improve this situation.

For Goldman Sachs, cooperation with Apple is a measure taken by the investment bank in its efforts to develop consumer business.

In fact, some other major banks in the UK and the US have also banned the use of credit cards to buy cryptocurrencies, such as the UK'sLloydsThe banking group and Virgin Wealth Management banned this practice just last year.Bank of AmericaIndustry giantsJ.P. MorganCitigroup and Citigroup have also taken this measure before.

These banks worry that the sharp fluctuations in the price of cryptocurrencies may leave consumers with debts they cannot repay. (Book cover)