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After an App Store guideline change earlier this month, it seems that Bitcoin wallet apps are once again welcome on the platform, as noticed by Coindesk. The updated rules said that Apple would allow virtual currency apps if they do not violate any federal laws. Apps like eGift and are now available for download in the App Store.

Albeit merely a wrapper around a web app, Coin Pocket does indeed enable the exchange of Bitcoin from within the app itself. This would have not passed Apple approval just a few weeks prior, as Apple’s previous stance did not allow any app that allowed transfers to take place.

Whether Apple will keep its relaxed position is yet to be seen. Apps like eGifter, at least according to Coindesk, show how Bitcoin apps can avoid the traditional 30% revenue share requirement by accepting purchases in Bitcoin. It’s unclear whether this app actually circumvents the App Store policy, because Apple may interpret ‘gift cards’ as “services used outside the app”. The relevant points of the IAP guidelines are quoted below:

Apps that unlock or enable additional features or functionality with mechanisms other than the App Store will be rejected

Apps utilizing a system other than the In-App Purchase API (IAP) to purchase content, functionality, or services in an App will be rejected

Apps using IAP to purchase physical goods or goods and services used outside of the App will be rejected

Apps that use IAP to purchase credits or other currencies must consume those credits within the App

It is very unlikely that Apple will let developers exploit this as a way to avoid the 30% sales cut. Nevertheless, Bitcoin lovers will no doubt appreciate Apple’s new position, with a plethora of fully-functional Bitcoin wallet apps returning to the store in the coming weeks.

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2 Responses to “Bitcoin wallet apps returning to the App Store after Apple relaxes rules on virtual currency”

  1. Digital currencies like Bitcoin and Litecoin are certainly popular now. My main concern to using them is that they are untraceable – like the Silk Road incident last year. How will their relative anonymity effect Apple purchasing and securities?

  2. Reblogged this on Taste of Apple and commented:
    It’s been a strange time for the App Store, with Apple relaxing for certain Apps like these and then cracking down on other apps with increased stringency.