Goldman will end its Apple Card deal sooner than expected after incurring significant losses. If you only approve people with a 750+ FICO score, they won’t carry a balance, and cashback rewards will result in substantial losses. Now, Apple faces a critical decision to turn this situation around:

A) They can either absorb annual losses of $7–10 billion while serving only high-credit-score customers, or

B) Implement a Bitcoin wallet natively into iOS and distribute cashback in Bitcoin.

If they expand approval to a wider range of people with lower credit scores, some of those customers will carry balances, and the interest generated from them could be distributed as Bitcoin cashback, along with Apple’s own profits. Ultimately, Apple is likely to choose the latter and may announce it alongside the iPhone 21 but by then, it might be too late. They should act quickly and implement it now while the Bitcoin cashback credit card market remains untapped.