#AppleCryptoUpdate Apple has made significant updates to its crypto policies and features:

Recent Developments

- *Lifting iOS Restrictions*: Apple has removed restrictions on in-app purchases involving Bitcoin and other cryptocurrencies, allowing crypto payments and NFTs to be processed directly within apps on the App Store.

- *No More 30% Apple Tax*: Crypto apps are no longer required to pay the 30% Apple tax on in-app purchases, potentially enabling more aggressive marketing strategies.

- *Post-Quantum Cryptography*: Apple has introduced PQ3, a new protocol for iMessage that features post-quantum cryptography, making it one of the most secure messaging apps ¹ ².

Impact on Crypto Ecosystem

- *Increased Adoption*: This move is expected to have a substantial impact on the cryptocurrency ecosystem, driving increased adoption and usage of crypto payments.

- *New Opportunities*: The removal of restrictions and taxes could lead to more crypto-related applications and services being developed for the App Store.

Other Apple Crypto Initiatives

- *NFC Access*: Apple has opened up access to its NFC chip and Secure Element (SE) to third-party developers, allowing for crypto payments and other blockchain-based functionality on iPhones.

- *Tap-and-Go Payments*: Circle's USDC stablecoin is expected to integrate tap-and-go payments on iPhones using this new NFC access ³