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Apple Opens Door to “Approved” Digital Currencies

By: PanAm Post Staff - Jun 4, 2014, 12:01 pm

EspañolApple Inc. has modified its app policies so that software developers can allow transactions in “approved” digital currencies, “provided that they do so in compliance with all state and federal laws for the territories in which the app operates,” the Palo Alto company explained in its most recent App Store guidelines.

This change paves the way for alternative currencies to be used in the iPad and iPhone products line. While bitcoin is currently the most popular digital currency, Apple made no mention if any had been pre-approved.

Cryptocurrencies, such as bitcoin, are not supported by any central bank and are traded in decentralized networks free from government control.

Source: GeekWire.