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San Francisco (CNN Business) Apple may not be fully on the crypto bandwagon like other tech companies, but it is keeping an eye on digital currency.

"We're watching cryptocurrency," Jennifer Bailey, vice president of Apple Pay, recently told CNN's Chief Business Correspondent Christine Romans at a private event in San Francisco. "We think it's interesting. We think it has interesting long-term potential."

Bailey touched on the trend as part of a discussion about the future of payment and the role of Apple Pay and Apple Card at CNN Business' event series, The Table. It's part of an ongoing multi-city series that features discussions with transformative voices across the business and tech industries.

Facebook FB Apple's interest in crypto follows similar consideration from a growing number of tech companies.is expected to launch its own cryptocurrency, Libra , in 2020. And Square, the payment processing company, said earlier this year it was hiring crypto engineers

"This would be a major shot in the arm for crypto if Apple headed down this path," Dan Ives, an analyst at Wedbush Securities, told CNN Business. "Given where Apple strategically is focused, a move into crypto could make sense given its sights on further monetizing its consumers over the coming years."

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