#AppleCryptoUpdate
Apple has recently implemented significant changes to its App Store policies, directly impacting Binance and the broader crypto ecosystem. Here's a comprehensive overview:
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📱 Apple’s Crypto Policy Overhaul
In a landmark decision, Apple has revised its App Store guidelines to permit developers to incorporate external payment links within their apps. This change allows applications like Binance to direct users to external platforms for cryptocurrency transactions, effectively bypassing Apple's traditional 30% commission fee. This policy shift follows a U.S. federal court ruling that found Apple in violation of a 2021 injunction related to anticompetitive practices.
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💳 Binance Enhances Apple Integration
In response to Apple's updated policies, Binance has expanded its integration with Apple services:
Apple Pay Integration: Binance has partnered with Worldpay to incorporate Apple Pay into its fiat-to-crypto ecosystem, enabling users to purchase cryptocurrencies directly using Apple Pay.
App Store Presence: The Binance app is available on the App Store, offering users the ability to buy, sell, and hold over 350 cryptocurrencies.
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🌍 Strategic Investments and Collaborations
Binance's global footprint continues to expand through strategic partnerships:
$2 Billion Investment: Abu Dhabi-based MGX, backed by the UAE government, plans to acquire a $2 billion minority stake in Binance using USD1, a stablecoin developed by World Liberty Financial, a firm co-founded by members of the Trump family.
Token2049 Conference: At the Token2049 conference in Dubai, Binance's involvement underscored the deepening ties between the crypto industry and global political figures, highlighting the platform's influence and reach.
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