Japan To Google And Apple: Get Rid Of Unlicensed Crypto Apps

A U.S. lawmaker has demanded answers from Apple CEO Tim Cook and Google CEO Sundar Pichai about their measures against fake cryptocurrency apps appearing in the Apple App Store and the Google Play store. “Millions of Americans use mobile apps to invest in unregulated digital assets,” said Senator Sherrod Brown. “Reports have emerged of fake crypto apps that have scammed hundreds of investors.” U.S. Senator Questions Chief Executives of Apple and Google on Fake Crypto Apps Senator Sherrod Brown (D-OH), chairman of the Senate Committee on Banking,....

Wallets of various descriptions have come into vogue of late. Some of these wallets are run by large IT companies like Apple and Google, whilst others are run by financial institutions such as the banks. Then there are the likes of Paypal who also have a stake in the whole wallet business. These wallets exist in different forms and shapes and while some are only payment apps, others feature contactless payment technology which allow people to pay for things at shops. The underlying technologies for these wallets range from QR, NFC, Wi-Fi, Bluetooth etc. Surge in payment apps. According to....

Fake bitcoin wallet apps have emerged in the Apple iTunes App Store, potentially putting bitcoin accounts at risk and reinforcing the need for people to make sure they are downloading apps from official wallet websites, according to Kyt Dotson, a senior editor at Silicon Angle. A representative of Breadwallet, a bitcoin app available in App Store and Google Play, has posted a notice on Reddit listing a number of fake bitcoin wallet apps in the iTunes App store, calling into question Apple’s vetting process. The fake apps have names similar to the official mobile wallet apps, but they can....

Coinbase Card can now be used with Apple Pay and Google Pay, allowing cardholders to pay for goods and services using cryptocurrencies. Customers can also earn up to 4% in crypto rewards back when using their Coinbase Card with Apple Pay or Google Pay. Coinbase Enables Debit Card Use With Google Pay and Apple Pay Cryptocurrency exchange Coinbase announced Tuesday that Coinbase Card users “can now use your Coinbase Card with Apple Pay and Google Pay to make it even easier to spend crypto.” Coinbase further said that “Starting this week, we’ll invite select customers....

First, a little background. The Google Play and the Apple App stores were launched a few months apart from each other in the second half of 2008. Since they were first to market, Apple had the opportunity to define how things should work. Rather than try to work out a deal with AT&T (their only mobile provider via an exclusive contract which involved subscription kickbacks until 2011), Apple decided to go straight to the source. Customers who wanted to install additional apps were required to create an Apple account linked to their credit card, even if they had not previously been iTunes....