Apple has made changes to its App Store rules in the U.S., allowing developers to use external payment methods and conduct NFT transactions.
Changes in App Store Rules
Apple has updated its App Store guidelines to enable developers to incorporate external payment methods and conduct third-party NFT transactions within apps. These changes are a result of a recent court ruling that has significantly influenced the company's policies.
Impact on the NFT Market
The updates could enhance opportunities for NFT and crypto payment apps, expanding market access for platforms compatible with iOS devices. Despite these new allowances, some regulations remain unchanged, including the ban on ICOs, task-based reward tokens, and device-based mining, limiting certain functionalities of crypto apps within Apple's ecosystem.
Market Overview and Cryptocurrency Data
Apple's previous stringent policies limited cryptocurrency app capabilities, often suppressing mobile app innovation and crypto integration. This updated guideline marks a shift towards broader digital asset acceptance, potentially fostering significant growth in the NFT market. According to CoinMarketCap, Ethereum (ETH) is priced at $1,837.75, with a market cap of $221.88 billion.
The recent changes in App Store rules may mark a turning point for crypto app development and NFTs on Apple's platform, with compliance remaining a critical factor in this field.
