Apple Revises App Store Policy to Allow External Crypto Transactions

AI Summary

According to PANews, Apple has updated its App Store policy to allow developers of cryptocurrency-related apps to direct users to external websites for transactions and payments. This change is seen as a significant turning point for the Bitcoin and cryptocurrency ecosystem. The policy revision follows Apple's legal defeat in the Epic Games case, where the court ordered the removal of restrictions on 'external payment links'. Under the new policy, developers can guide users to external platforms for purchasing NFTs or making cryptocurrency payments, without being required to use Apple's internal payment system. Previously, such actions incurred up to a 30% commission from Apple, which led to limitations and even the removal of several cryptocurrency wallets and NFT apps.

Analysts suggest that Apple's concession could significantly improve the usability of decentralized applications (DApps) within the iOS ecosystem, expand its user base, and increase market adoption rates as a whole. As native cryptocurrency apps gain more freedom, the ongoing competition between U.S. regulators and tech giants over Web3 infrastructure is expected to intensify.