#AppleCryptoUpdate Apple has recently updated its iOS app guidelines, easing restrictions on NFTs and cryptocurrencies, allowing developers to offer external payment options. Additionally, upcoming iOS updates may enable third-party payment apps, potentially enhancing crypto payment capabilities.
**Apple Wallet Update for Crypto Payments**
- Apple is set to introduce a significant update to its Apple Wallet, allowing the use of cryptocurrencies, including Bitcoin and stablecoins like USDC, for transactions.
- This change follows pressure from European regulators to open up the platform for third-party developers.
**Third-Party Payment Integration**
- Users will have the option to select third-party payment apps as their default, which may include those supporting crypto transactions.
- The update is expected to facilitate transactions using the iPhone's near-field communication (NFC) chip, enabling seamless crypto payments at points of sale.
**Developer Opportunities and Requirements**
- Developers will need to enter into commercial agreements with Apple and pay associated fees to access the NFC chip for their applications.
- Only authorized developers who meet specific industry and regulatory standards will be permitted to utilize this feature, ensuring compliance with Apple's security and privacy protocols.
**Impact on the Crypto Market**
- The announcement has generated excitement in the crypto community, with expectations of increased adoption and usage of cryptocurrencies for everyday transactions.
- This move could potentially lead to a surge in the value of cryptocurrencies as they become more integrated into mainstream payment systems.
