Bitcoin could be next for Apple's personal finance ecosystem and what it would

Apple (AAPL -0.14%) is one of the most valuable companies in the entire world. Its embrace of innovation embraces almost every development and technology it exposes to the world. The tech giant has recently focused on developing its own financial ecosystem.

Apple device users are likely aware of these upgrades as they have been released in software updates over the past few years. The company's first foray into finance came when Apple released Apple Pay in 2014.

Apple Pay provides the foundation for all users of its financial services, such as consumers and merchants, to stay in touch with each other. With Apple Pay, users can pay for items without having to thumb through a wallet. Instead, they can tap their phone or smartwatch on a credit card terminal to make a payment.