- Apple updated its App Store Review Guidelines to include NFTs.
- Apps may facilitate transactions or transmissions of cryptocurrency on an approved exchange.
- Many believe that this could do wonders for crypto adoption.
A crypto news platform, Wu Blockchain, took to Twitter on October 25 to announce that Apple has made a few upgrades regarding crypto and non-fungible tokens (NFTs).
According to the post, Apple updated its App Store Review Guidelines to include NFTs and related content on crypto trading apps. The post also added that Apps may not use their mechanisms to unlock content or functionality, like for example, cryptocurrencies and cryptocurrency wallets.
In addition to this, Wu Blockchain added that apps may use in-app purchases to sell services related to NFTs, such as minting, listing, and transferring. Apps are also allowed to let users view their own NFTs, on the condition that NFT ownership does not unlock features or functionality within the app.
The updated guidelines also state that apps can allow users to browse NFT collections that are owned by others, provided that the apps may not include buttons, external links, or other calls to action that direct customers to purchasing mechanisms other than in-app purchases.
Wu blockchain concluded its post by mentioning the new guidelines surrounding exchanges. Apps may facilitate transactions or transmissions of cryptocurrency on an approved exchange. This can only happen on the condition that they are offered only in countries or regions where the app has the right licensing and permissions to provide a crypto exchange.
The response to this announcement has been rather positive, and many crypto fans believe that this new development will do great things for crypto adoption in the world.
Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
