#AppleCryptoUpdate

Apple has updated its App Store policies to allow cryptocurrency-related apps to include external payment links and integrate NFT functionalities. This change, driven by a court ruling in the Epic Games case, allows developers to steer users outside of Apple's payment system, potentially leading to increased adoption of decentralized applications (DApps). In addition, Apple has introduced new security features like two-factor authentication and verification code autofill to protect users and their digital assets.

Elaboration:

External Payment Links:

The updated App Store guidelines allow developers to direct users to external websites or platforms for crypto purchases or transactions, without relying on Apple's in-app purchase system. This is a significant shift, as previously, Apple charged a commission on such transactions and sometimes discouraged them.

NFT Integration:

The changes also open the door for NFT (non-fungible token) applications to operate more freely within the iOS ecosystem. Developers can now integrate NFT functionalities within their apps and link users to external NFT collections without facing previous restrictions.

Security Enhancements:

Apple has also introduced new security features to protect users and their digital assets in the crypto space. These include two-factor authentication and verification code autofill, which aim to enhance security and prevent unauthorized access.

Impact on Crypto Space:

This move is seen as a positive step towards embracing blockchain technology and fostering a more open and user-friendly environment for crypto-related apps. It could lead to increased usability of DApps, expand their user base, and boost overall market adoption.