Apple allows virtual currencies in apps, opens door to bitcoins

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Bloomberg
Last Updated : Jun 04 2014 | 12:09 AM IST
Apple Inc changed its policy to let software developers include virtual-currency transactions in their applications, paving the way for new forms of money like the bitcoin to appear on iPhones and iPads.

While Apple didn't mention bitcoin specifically, its developer terms now allow for certain "approved virtual currencies," without saying what those were. Apps that use the digital money must comply with state and federal laws wherever they're designed to work, the terms say.
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First Published: Jun 04 2014 | 12:09 AM IST

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