The iCash is Apples first step in becoming a fully functional financial conglomerate. With hundreds of thousands of potential customers willing to bank at Apple, consider the iCash a trial run at creating liquidity in the financial markets.
The iCash is stage one in three.
Stage one - create financial liquidity with a new tender. Apple will guarantee the value of your iCash which can be traded for USD at a 1:1.3
Exchange rate. This will be guaranteed and pegged for a period of 6 moths
Stage two - open a fully functional high street banking arm where by each new customer will get $200 USD sign on bonus this creating more liquidity.
Stage three - open an investment banking and asset management arm. Couple this with private banking. Bet financial assets of $300 billion. Invest majority of cash pile into riskier assets for high return.
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