#AppleCryptoUpdate Major Policy Changes
Elimination of the 30% "Apple Tax": A U.S. federal appeals court has ruled that Apple can no longer mandate the use of its in-app purchase system, which previously took a 30% commission. This decision allows developers to direct users to external payment systems without incurring Apple's fees, a move that particularly benefits crypto and NFT applications .
Relaxation of NFT and Crypto App Restrictions: Following the Epic Games lawsuit, Apple has updated its App Store guidelines to permit U.S. developers to include buttons or links directing users to external websites for purchases, including those involving cryptocurrencies and NFTs. This change enables NFT marketplaces to facilitate full buy/sell functionalities within iOS apps .
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📱 Impact on Developers and Users
Enhanced Developer Flexibility: Developers can now integrate external payment options, reducing reliance on Apple's in-app purchase system and potentially lowering costs for users.
Improved User Experience: Users may experience more seamless transactions within crypto and NFT apps, as the new policies allow for direct purchases without navigating away from the app.
Expansion of Crypto Ecosystem: These policy changes are expected to foster innovation and growth within the crypto space, as developers have more freedom to implement diverse functionalities in their applications .
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🤝 Strategic Partnerships
Apple has also announced a partnership with Mesh to facilitate crypto payments via Apple Pay. This collaboration aims to enhance Apple's digital ecosystem by integrating cryptocurrency transactions into its payment platform .
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📈 Market Response
In response to these developments, Apple Inc. (AAPL) shares are currently trading at $205.35, with a slight decrease of 0.03783% from the previous close. The company's market capitalization stands at approximately $3.87 trillion.