iOS apps can now "facilitate transmission of approved virtual currencies"

Bitcoin on iPhone

A new section in the App Store guidelines suggests that virtual currencies like Bitcoin may very well be supported in the future on iOS. Previously Apple had placed a ban on those sorts of apps, but section 11.17 shows there's been some easing up.

"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."

The legality of Bitcoin is still a subject of hot debate, so it's probably wise for Apple to sidestep the issue and let legislators sort it out. No doubt there's a wealth of Bitcoin apps that could enjoy popularity in the App Store. Of course, there's the word "approved" is included there; ultimately, Apple still has the say-so on if Bitcoin is allowed into the App Store or not.

In any case, we accept Bitcoin at iMore, if it's your bag. Also, be sure to check out our favorite Bitcoin apps for Mac.

How many of you guys use Bitcoin? Does the lack of iOS apps really sting?

Source: Reuters

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Simon Sage

Editor-at-very-large at Mobile Nations, gamer, giant.

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Reader comments

iOS apps can now "facilitate transmission of approved virtual currencies"

6 Comments

If bitcoin apps were supported by iOS if probably use them. Until there are apps for bitcoin, bitcoin is of no use to me.

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Didn't mean to put you on the spot. I was looking more for what the use case is for having/using Bitcoin. I'm having trouble coming up with any actual examples where it would be better. Currently I can use a credit card (or debit) for virtually anything. If, for whatever reason, I'm looking for more anonymity I can use cash. I'm just not seeing where there is any compelling reason to use Bitcoin.

Nor can I personally, however the it's hot right now with the 18-30 year olds and any business with goods or services targeted by that demographic could only stand to see increased sales if bitcoins were accepted.
Also, some people use bitcoins as an investment. I wouldn't recommend that as anyone's retirement plan, but a few bucks you can afford to lose tied up in it could be fun.
The real interest for people speculating/investing in bitcoin is if they could come up with a mining app for bitcoin on iOS. If so, my spare older (still able to run iOS 7) devices would be left plugged in mining away... That would be huge for anyone with a little knowledge in how bitcoins work, I'm just not sure if it could be done/would be allowed.

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And I NEVER use checks (use a money order for rent), only use credit/debit/prepaid accounts to pay bills, and all else I pay cash!

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