Apple Embraces Virtual Currencies
Apple will allow software developers include
virtual-currency transactions in their applications.
"Apps may facilitate transmission of approved
virtual currencies provided that they do so in compliance with
all state and federal laws for the territories in which the app
functions," Apple said in an update to its App Store review
guidelines.
It is not clear whether Apple refers to Bitcoin or any other future form of virtual currency.
Virtual currencies are not backed by any government or central bank and are bought and sold on a peer-to-peer network independent of central control.
U.S. state regulators are looking to toughen rules on the use of the virtual currencies as they see risks associated with them.
Last week, satellite TV operator Dish Network said it would accept bitcoin payments from customers from the third quarter.
It is not clear whether Apple refers to Bitcoin or any other future form of virtual currency.
Virtual currencies are not backed by any government or central bank and are bought and sold on a peer-to-peer network independent of central control.
U.S. state regulators are looking to toughen rules on the use of the virtual currencies as they see risks associated with them.
Last week, satellite TV operator Dish Network said it would accept bitcoin payments from customers from the third quarter.