Tag: apple

This has opened up the opportunity for iPhone users to be able to send and receive the virtual currency.

Apple has now made the decision to allow the Bitcoin app back into its store so that iPhone users will be able to join Android smartphone owners in being able to send and receive this virtual currency through the use of their devices.

Until this change was made, the ability to make the transactions was limited to Android devices.

While the Google Play store has long been permitting mobile application developers to create smartphone Bitcoin app wallets so that device users can make exchanges of that alternative currency, Apple has blocked it from its own App store. That has meant that if iPhone users wanted to take their Bitcoins with them wherever they went, they were simply out of luck.

This blockage of the Bitcoin app created a considerable uproar that looked as though it was being ignored.

Clearly, this was not the case. The objections did not fall on deaf ears, and Apple has now reversed its policy to block the currency and is now allowing mobile wallet apps that allow it to be transmitted, provided that they comply with the law. Apple has long appeared to be working against cryptocurrencies as it has blocked the applications of several different forms, beyond Bitcoin. Altcoin also found its wallets stopped.

It is clear that Apple was not necessarily against the cryptocurrency, as it still allowed a range of applications that had to do with them, such as price tickers and news feeds. However, the company’s policies stated that the wallets would not be allowed if they facilitated the sending and receiving of those digital funds. It has been assumed that they were attempting to avoid stepping into the field of government monetary regulations.

Now, the regulatory guidelines have been changed at Apple, so that they now include a provision regarding developers seeking to create a Bitcoin app that will allow its users to send or receive this form of digital payment (most commonly in the form of a wallet). The revised guidelines are located in section 11.17.

Apple gathers more momentum in the wake of recent event

Apple’s senior vice president of software engineering Craig Federighi recently spoke at the WWDC keynote event, where he brought a great deal of attention to Touch ID, the company’s fingerprint scanner that was introduced last year. Touch ID is part of the iPhone 5S and is meant to add an extra layer of biometric security to the mobile device. This biometric system has created a significant deal of hype around Apple’s potential foray into the mobile payments field, and this hype has only increased in the wake of the WWDC event.

Touch ID could help make mobile shopping more secure

During the event, Federighi noted that developers would soon be able to take advantage of the Touch ID API, allowing them to integrate the features of Touch ID into their applications. This could soon lead to the emergence of a new generation of mobile payments services that are much more secure than their predecessors. Security has been a major challenge for the mobile payments field, with many services falling prey to malicious groups that seek to access the financial information of consumers and businesses. Biometric technology could help alleviate the security problem by make services more resilient against the threats they are exposed to in the mobile space.

Apple continues to move away from NFC

Apple has been somewhat outspoken with its security concerns when it comes to the matter of mobile payments. The company had initially shown interest in the use of NFC technology, but NFC has since become unattractive from Apple’s perspective. Instead, the company is focusing more heavily on Bluetooth and cloud technology, with biometrics service as a security barrier that is meant to offer consumers better protection.

Company has yet to make a definitive entry into the mobile payments field

While Apple has been growing more aggressive in the mobile payments field, the company has yet to make a decisive entry into the marketplace. Though iOS devices can be used for mobile shopping and payments, Apple has not yet introduced a service that is specifically designed for payments and is not likely to do so for some time.