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Apple CEO Tim Cook Takes a Dig at Companies Setting up their Own Digital Currencies

During his speech, Cook said that while the Internet has brought many positive developments, “fake news is one of the negatives,” reports 9to5mac.com

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Apple CEO Time Cook. Wikimedia Commons

Apple CEO Time Cook has said that Apple does not intend to create its own cryptocurrency, saying he is firmly against the idea of companies setting up digital currencies.

Taking a dig at Facebook’s attempt to launch a digital currency called Libra next year, Cook told French financial newspaper Les Echos that money must remain in the hands of states.

“I am not comfortable with the idea that a private group creates a competing currency. A private company does not have to seek to gain power in this way,” Cook was quoted as saying.

Facebook that tied up with 27 organisations to start the non-profit Libra Association to launch its cryptocurrency next year appears to have hit a roadblock.

According to a report in The Wall Street Journal, Visa, Mastercard and some other financial partners who signed on to support Libra are reconsidering their involvement in the network.

“The financial partners are reluctant to attract regulatory scrutiny following backlash from governments and banks and have declined Facebook’s requests to publicly support the project,” the report said on Tuesday.

facebook, servicefriend, startup, cryptocurrency, libra
Representations of virtual currency are displayed in front of the Libra logo in this illustration picture. VOA

The US lawmakers recently attacked Facebook, calling it “delusional” and “dangerous”, directing the social networking giant to clean up its house first before launching a new business model.

According to Cook, money, like defence, must remain in the hands of states.

“It is at the heart of their mission. We elect our representatives to assume government responsibilities. Companies are not elected, they do not have to go for this,” he added.

Also Read: Users’ Data Privacy hits Facebook Research on Fake News

The Apple CEO Tim who is currently in Europe made an appearance at an event at the non-profit organization Osservatorio Permanente in Italy on Thursday.

During his speech, Cook said that while the Internet has brought many positive developments, “fake news is one of the negatives,” reports 9to5mac.com.

“The Internet has brought so many positive things, but the fake news is one of the negatives. All of us lovers of democracy and freedom must think that separating the false from the true is the basis of freedom. Quality journalism is the foundation of every democracy and an open and free press is essential,” Cook emphasized. (IANS)

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Apple Updates its Video Creation App With Animoji and Memoji Support

Clips 2.1 is available as a free update on the App Store and is compatible with iPhone 6s and iPhone SE or later, iPad Air 2 or later and iPod touch (7th generation)

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Apple
The Clips app by Appe is a video editing app that lets users combine video clips, images, and photos with voice-based titles, stickers, music and more to create unique videos that can be shared on social media platforms. Pixabay

Free video creation app of Apple named “Clips” has been updated for the iPhone and the iPad with new Animoji and Memoji support.

This update includes animated stickers and emoji that can “follow the movements of a user’s face” in videos captured with device front-facing cameras.

“Users can now easily share personal video messages, slideshows, school projects and mini movies with more personality than ever. Animated stickers and emoji can now follow the movements of a user’s face for fun selfie videos using the front-facing camera on iPhone and iPad,” the company said in a statement on Thursday.

The new update also introduces new stickers featuring Mickey and Minnie Mouse, along with a new winter-themed poster. Using Animoji and Memoji in Clips requires a device with a TrueDepth camera.

Apple
Free video creation app of Apple named “Clips” has been updated for the iPhone and the iPad with new Animoji and Memoji support. Pixabay

The Clips app is a video editing app that lets users combine video clips, images, and photos with voice-based titles, stickers, music and more to create unique videos that can be shared on social media platforms.

Clips 2.1 is available as a free update on the App Store and is compatible with iPhone 6s and iPhone SE or later, iPad Air 2 or later and iPod touch (7th generation), running iOS 13 or later and iPadOS 13 or later.

ALSO READ: YouTube India to Focus on Regional Languages For Driving Creator Growth

New Animoji and Memoji features, along with the Selfie Scenes feature, require iPhone or iPad Pro with TrueDepth camera. (IANS)