#AppleCryptoUpdate

Based on recent developments, here's an update on Apple and the cryptocurrency space as of Sunday, May 4, 2025:

Easing of App Store Restrictions:

Antitrust Ruling Impact: Following a US court ruling related to an antitrust lawsuit, Apple has been compelled to ease its strict App Store guidelines concerning cryptocurrency applications.

External Payments Allowed: Developers of crypto apps in the US are now permitted to direct users to external websites for digital purchases. This allows users to bypass Apple's in-app purchase system and the associated commissions (up to 30%).

NFT and Crypto Purchases: The updated guidelines also allow for the browsing of Non-Fungible Tokens (NFTs) and the facilitation of cryptocurrency purchases within apps without significant interference from the App Store.

Lower Fees, Increased Adoption: The crypto industry views this change as potentially significant, as lower transaction fees could lead to increased adoption of cryptocurrencies on mobile devices.

Bullish for NFTs and Web3: NFT marketplaces and blockchain-based games on iOS may see increased activity due to the reduced friction in transactions.

Apple's Potential Foray into Crypto:

"Apple Pay On-Chain": New developer documentation suggests Apple is working on a payment protocol called "Apple Pay On-Chain." This system might integrate directly with ERC-20 and BEP-20 tokens, which are common standards on the Ethereum and Binance Smart Chain blockchains, respectively.

Web3 Wallet Compatibility: There are reports of preliminary discussions between Apple and major cryptocurrency exchanges regarding Web3 wallet compatibility. This could pave the way for direct cryptocurrency transactions through Apple Wallet.

Native Crypto Wallet and NFT Access: The recent "Developer SDK Update" is expected to offer native support or cryptocurrency wallets and NFT access on iOS. A beta version of this SDK is reportedly available to select developers.

"Blockchain-ish" Technology for AI Privacy: