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APPS THAT ACCEPT payments made using virtual currencies, like bitcoin, could make an appearance in Apple’s app store.
Soon after its WWDC keynote, Apple updated its App Store Review Guidelines which states that apps can contain the option to accept “approved virtual currencies”
Apps may facilitate transmission of approved virtual currencies provided that they do so in compliance with all state and federal laws for the territories in which the app functions.
However, it hasn’t defined which virtual currencies are approved or how one can be approved.
The move is a major change for Apple which has taken a hardline approach to apps that use virtual currencies. Back in late 2013, it took action against a number of apps that used virtual cash despite most of them being available on the App Store for months.
It resulted in the majority of bitcoin and cryptocurrency apps appearing on Android and Windows Phone instead.
The rule change could also refer to virtual currencies used in apps and games instead of cryptocurrencies.
Currently, bitcoin is treated mostly as an asset instead of a real currency in a number of countries. At time of writing, one bitcoin has a value of €484.
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One step closer to the chip in hand…..
Isn’t this one step further from that, given it’s p2p currencies that are being discussed? Or to think outside the box for a moment, perhaps this is a business decision which Apple estimate will increase profits and doesn’t actually involve any evil, cloaked cultists bent on world domination? Unlikely I know, but I think today is an illuminati bank holiday, so not sure they’re behind this one.
Apple knows that Cryptos are going nowhere even though it tried to stifle bitcoin in the beginning.
Did it?
Yep. Bitcoin related apps were constantly being taken down from the app store.
That’s because they are looking to create their own iCoin instead.
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