Apple's Virtual Currency Policy Update: Good or Bad for Bitcoin?
Amid the excitement surrounding Apple's Worldwide Developers Conference (WWDC) in San Francisco, there were a few updates made to Apple's App Store Guidelines - some of which concerned the use of 'virtual currencies' in the iOS ecosystem. While it is intriguing that additional information regarding the use of virtual currencies was added, it doesn't necessarily mean acceptance. In fact, it might actually mean more pronounced and detailed rejection. Purchasing and currencies. One new addendum commonly being cited is the rule under "purchasing and currencies", specifically rule 11.17. It....
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It was just earlier today that NEWSBTC had written about Apple's upcoming software announcements in San Francisco, California. We asked whether or not we could learn today why Apple was shunning bitcoin-related applications, such as Coinbase and Blockchain.info - which have been removed due to alleged policy violations. What we learned was something a whole lot different: Apple is now allowing bitcoin and other virtual currency wallet applications, as opposed to only allowing informational applications. The change of heart is published in the company's App Store Review Guidelines, section....
Cupertino, California-based computing giant Apple has released an update to its App Store Review Guidelines that potentially opens the doors for a change in its long-restrictive policies against bitcoin and other digital currencies. The release follows Worldwide Developer's Conference (WWDC 2014), an annual meetup of Apple developers that was expected to bring notable announcements for the company's customers and wider business community. The update, made under the document's 'purchasing and currencies' section, reads: "Apps may facilitate transmission of approved virtual currencies....
This week Apple let down its anti-bitcoin guard and 50 Cent dropped a new album with some exciting news. Check out these and other top news stories in this week's roundup. Apple updates its policy on virtual currencies: Apple released an update to its App Store Review Guidelines. The updated purchases and currencies section now reads: "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." Apple has had a long history of restrictive policies dating back to 2012....
Yesterday, the U. S. Patent and Trademark Organization published a patent application from Apple for - wait for it - iMoney. Apple looks to get into the digital currency game in a way similar to Amazon Coins. The patent is a combination of virtual currency and digital wallet technology. It allows users to store money in the cloud and make payments with their iPhone. Some possibilities for the patent include making money by viewing ads, where the user will receive tokens of iMoney that can be applied toward their mobile carrier costs or redeemed for Apple products and services. There may....
Apple appears to be getting more aggressive in its policing of digital currency apps. The Cupertino company has moved to restrict at least two separate apps on its online store in recent weeks, a development that has generated speculation in absence of official statements. The issues reportedly stem from a list of cryptocurrencies "approved" by Apple, a policy that dates back to a 2014 update that saw it disclose how it would approve apps that utilize the technology. Originally seen as a progressive move by the technology firm, the stance has since drawn criticism given recent....