Welcome to the MacNN Forums.

If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.

You are here: MacNN Forums > News > Tech News > App Store changes pave way for Bitcoin, other digital currencies

App Store changes pave way for Bitcoin, other digital currencies
Thread Tools
MacNN Staff
Join Date: Jul 2012
Status: Offline
Reply With Quote
Jun 3, 2014, 09:33 AM
Apple has quietly changed rules at the App Store to allow for digital currency transactions to take place within apps, Reuters notes. The rules now state that 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 hasn't identified which currencies it will allow.

Only a handful are in widespread use however, and the most popular of these is Bitcoin, which Apple presumably had in mind. An increasing number of businesses are accepting Bitcoins as payment, even though they're not backed by any central institution and have been the subject of controversy. At times the currency's value can fluctuate wildly, and multiple Bitcoin exchanges have lost substantial sums of money as they work to establish trust and security.

Apple is in the middle of revamping the App Store. Yesterday it announced changes due to take place in the fall, which will add things like bundles, beta testing, trending searches, and preview videos.
Thread Tools
Forum Links
Forum Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On
Privacy Policy
All times are GMT -4. The time now is 10:56 AM.
All contents of these forums © 1995-2015 MacNN. All rights reserved.
Branding + Design: www.gesamtbild.com
vBulletin v.3.8.8 © 2000-2015, Jelsoft Enterprises Ltd., Content Relevant URLs by vBSEO 3.3.2