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Speaking of which, is there still any doubt in anyone's mind that Apple Pay is the reason Apple started banning Bitcoin apps? At the time I don't think the Appl

Speaking of which, is there still any doubt in anyone's mind that Apple Pay is the reason Apple started banning Bitcoin apps? At the time I don't think the Apple payments rumor existed, at least not in the "almost-official" sense, and I think many were skeptical that was the reason Apple was banning those apps.

coldtea 12y ago
>Speaking of which, is there still any doubt in anyone's mind that Apple Pay is the reason Apple started banning Bitcoin apps? Yeah, I totally have a doubt. For one, Apple Pay will transport more money in its first 1-2 weeks than the whole international BitCoin system will all year. Just consider that BitCoin's total estimated market cap is 6 billion usd -- something Apple (a single company) makes in revenues in about 8 days. BitCoin, at the moment at least, is insignificant and fringe, size wise. The 99.9% of the 800 million users Apple has credit cards of don't use BitCoin. And all those companies Apple wants to work with, and users want to buy stuff from, don't accept it anyway. Second, Apple rejects all kinds of apps from time to time, and given the immaturity and lack of regulation and quality control of most BitCoin exchanges (think MtGox and co), it's something they would consider kicking out of the store, or at least watching very carefully which apps they allow. And here's the kicker. Apple has allowed those BitCoin apps back in the App Store, a few months ago: http://appleinsider.com/articles/14/06/16/apple-begins-allowing-bitcoin-currency-apps-back-into-the-app-store http://appleinsider.com/articles/14/06/16/apple-begins-allow...
pbreit 12y ago
I would assume that Apple rightly considers bitcoin a triviality at this point and of course the two are completely unrelated. There was good reason to consider removing the apps (used for illegal txns). And bitcoin wallets have been reinstated.
a_c_s 12y ago
If that were the motivation, then why are PayPal, Dwolla, Venmo... etc. still in the store? And why would they have changed the rules to allow BitCoin apps into the app store?

coldtea 12y ago

>Speaking of which, is there still any doubt in anyone's mind that Apple Pay is the reason Apple started banning Bitcoin apps? Yeah, I totally have a doubt. For one, Apple Pay will transport more money in its first 1-2 weeks than the whole international BitCoin system will all year. Just consider that BitCoin's total estimated market cap is 6 billion usd -- something Apple (a single company) makes in revenues in about 8 days. BitCoin, at the moment at least, is insignificant and fringe, size wise. The 99.9% of the 800 million users Apple has credit cards of don't use BitCoin. And all those companies Apple wants to work with, and users want to buy stuff from, don't accept it anyway. Second, Apple rejects all kinds of apps from time to time, and given the immaturity and lack of regulation and quality control of most BitCoin exchanges (think MtGox and co), it's something they would consider kicking out of the store, or at least watching very carefully which apps they allow. And here's the kicker. Apple has allowed those BitCoin apps back in the App Store, a few months ago: http://appleinsider.com/articles/14/06/16/apple-begins-allowing-bitcoin-currency-apps-back-into-the-app-store http://appleinsider.com/articles/14/06/16/apple-begins-allow...

pbreit 12y ago

I would assume that Apple rightly considers bitcoin a triviality at this point and of course the two are completely unrelated. There was good reason to consider removing the apps (used for illegal txns). And bitcoin wallets have been reinstated.

a_c_s 12y ago

If that were the motivation, then why are PayPal, Dwolla, Venmo... etc. still in the store? And why would they have changed the rules to allow BitCoin apps into the app store?