Historically, Apple and cryptocurrency have had a contentious relationship, largely because Apple refused to allow the development of any iPhone apps…
[dropcap size=small]I[/dropcap]t is no secret that the cryptocurrency community as a whole is not a fan of Apple. Despite consumer protests, Apple went to great lengths to ensure no mobile wallets were available in the official iPhone App store. Consequently, iPhone owners were forced to either trade in their device for an Android-based phone or jailbreak their iPhone to accommodate unofficial Bitcoin apps from official developers such as Blockchain.
However, Apple appears to be recognizing that cryptocurrency is becoming too large a market to ignore, because it recently revised its app guidelines to include apps that it previously excluded from the iPhone store. According to section 11.17 of the newly-released regulations:
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.
After the announcement, Bitcoin wallet developers rushed to prepare their iPhone apps for submission to the App Store. The first one to reemerge fully-approved belongs to the Australian company CoinJar. Asher Tan, CEO of CoinJar, made the announcement on Twitter.
(Re)-Introducing CoinJar for iPhone in Australia & the UK. https://t.co/MSYAWeRkzI
— Asher Tan (@ashertn) June 3, 2014
Currently, the CoinJar app is only available to iPhone owners in Australia and the United Kingdom, leaving consumers in the rest of the world out of luck. Those that do have access to the CoinJar app will be able to once again have a fully-featured Bitcoin wallet on their iPhone. According to the CoinJar page in the App Store, the wallet offers the following functions:
- Managed Bitcoin wallet in the cloud
- Send and receive payments with QR codes
- Access to CoinJar Fair Rate™, a high-quality Bitcoin price feed quoted in 10 currencies
- Super-fast mobile access to your transactions, Bitcoin addresses and CoinJar contacts
- Bitcoin/Fiat amount converter
CoinJar is the first company to get its Bitcoin app re-listed in the iPhone App Store, but it certainly will not be the last. IPhone owners throughout most of the world are still chomping at the bit for the chance to once again have Bitcoin mobile wallets on their smartphones, and developers are scrambling to meet that demand, even if some are not entirely convinced that Apple has become pro-Bitcoin. Blockchain's Nic Cary said that he was cautiously optimistic about Apple's apparent change of heart on Bitcoin apps, and company personnel stated that they have begun working to get the popular app resubmitted and back on the market as soon as possible. At least for now, things are looking up for the large segment of the Bitcoin community that owns iPhones.
Featured image by Shutterstock.
Last modified (UTC): June 4, 2014 9:06 PM