Bitcoin Makes a Come Back to Apple App Store

Bitcoin Makes a Come Back to Apple App Store

Apple’s approach to virtual currencies and bitcoin-trading apps has been conservative, to say the least, as they had, up until now, not allowed them in their App Store. However, maybe it was in honor of Father’s Day or maybe it’s because the demand is high, whatever the reason, Apple has lifted their restriction on bitcoin-trading apps. Bitcoin Makes a Come Back to Apple App StoreCoin Pocket appeared in the App Store yesterday, shortly after Apple stated its new rule for virtual-currency apps: They must comply with state and federal laws in all areas where they operate. (Seems reasonable.)

Even the US government has weighed in on bitcoin-type apps, indicating that virtual currencies are generally unregulated for individual users, so allowing these apps on iOS devices shouldn’t create any major legal concerns for Apple.

So, as bitcoin-type apps continue to flood into the Apple App Store and are “generally unregulated,” my thoughts turn to security and how safe virtual currencies actually are.

About the Author

Ginger Hill is Group Social Media Manager.

Featured

New Products

  • Compact IP Video Intercom

    Viking’s X-205 Series of intercoms provide HD IP video and two-way voice communication - all wrapped up in an attractive compact chassis.

  • QCS7230 System-on-Chip (SoC)

    QCS7230 System-on-Chip (SoC)

    The latest Qualcomm® Vision Intelligence Platform offers next-generation smart camera IoT solutions to improve safety and security across enterprises, cities and spaces. The Vision Intelligence Platform was expanded in March 2022 with the introduction of the QCS7230 System-on-Chip (SoC), which delivers superior artificial intelligence (AI) inferencing at the edge.

  • A8V MIND

    A8V MIND

    Hexagon’s Geosystems presents a portable version of its Accur8vision detection system. A rugged all-in-one solution, the A8V MIND (Mobile Intrusion Detection) is designed to provide flexible protection of critical outdoor infrastructure and objects. Hexagon’s Accur8vision is a volumetric detection system that employs LiDAR technology to safeguard entire areas. Whenever it detects movement in a specified zone, it automatically differentiates a threat from a nonthreat, and immediately notifies security staff if necessary. Person detection is carried out within a radius of 80 meters from this device. Connected remotely via a portable computer device, it enables remote surveillance and does not depend on security staff patrolling the area.