Apple has updated its rules concerning cryptocurrencies and NFTs, opening new possibilities for app developers and users.
What’s Changing with Apple Crypto Rules?
The updated rules directly address two key aspects:
* **External Payment Links:** Developers can now include links to external websites to complete purchases, including crypto transactions. * **NFT Secondary Marketplace Purchases:** Apple now allows apps to facilitate the buying and selling of NFTs on secondary marketplaces.
Impact on iOS Crypto Apps and Developers
The changes have significant implications for developers:
* **Increased Flexibility:** Developers have more options for handling transactions, potentially reducing reliance on Apple’s in-app purchase system. * **New Business Models:** Enabling secondary NFT sales brings new revenue streams and user engagement models. * **Improved User Experience:** Users can expect a more seamless integration of crypto purchases and NFT trading.
Restrictions for Crypto App Users on iPhone
Despite the relaxed rules, some core limitations remain:
* **Mining:** Running cryptocurrency mining processes in the background is still not allowed. * **ICOs and Securities:** Apps cannot facilitate the trading of cryptocurrency futures or conduct ICOs. * **Compliance:** Apps must comply with all applicable laws and regulations.
Apple’s updated App Store guidelines represent a significant step forward for the integration of crypto and NFTs, granting more flexibility to developers and providing users with better access to the NFT market.
