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Bitcoin app Blockchain allowed to return to App Store

updated 04:46 pm EDT, Mon July 28, 2014

Part of sea change in Apple policies

A Bitcoin trading app, Blockchain, has been allowed to return to the iOS App Store, reports note. The title was one of several removed from the App Store early this year during an Apple crackdown. The company's policy is normally to prohibit apps allowing activities which may be illegal in some countries. Although Bitcoin has become increasingly accepted, it still sits in a legal limbo in many regions.

Apple reportedly announced its change in policy during WWDC. Blockchain CEO Nicolas Cary says that he used this as a signal to resume development, even though the company remained cautious about investing too much effort into something Apple might still reject. The restored app has also been redesigned to bolster security and performance, and enable purchases from online and offline vendors that accept bitcoins. Later on, it's expected to gain more features from its Android counterpart, like the Merchant Map.

By Electronista Staff
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  1. climacs

    Mac Enthusiast

    Joined: 09-06-01

    I bet all those idiots who destroyed their iPhones over Blockchain getting the boot, feel kinda stupid about now. Aaaah who am I kidding?

  1. unicast reversepath

    Forum Regular

    Joined: 04-14-14

    Why should I take the extra time and steps required to use Bitcoin instead of regular currency, and what exactly is the benefit of using Bitcoin vs regular currency or a credit card?

  1. DiabloConQueso

    Fresh-Faced Recruit

    Joined: 06-11-08

    Bitcoin's value fluctuates more similarly to the stock market than it does actual currency, making it slightly more attactive as an investment (albeit a lot riskier) rather than a day-to-day currency. It also has a higher level of obscurity so it can be used semi-anonymously.

    Bitcoin's total circulation is also somewhat controlled, as it is indirectly linked to presently-available computing power (more specifically, computing very large prime numbers) -- something that generally increases with time. This controls, somewhat, the amount of available bitcoin in circulation and ties it to something other than a governing body that decides when to increase or decrease the total amount of available currency in circulation.

    You can also generate (mine) bitcoins yourself -- something you can't do (legally) with regular currency.

    Bitcoin (and the spin-offs like Dogecoin and what-have-you) are interesting applications of complex mathematical and cryptographic concepts... but not interesting or tantalizing enough that I'd ever "play" with bitcoin investing in any capacity or with any amount of real money I wouldn't be ok with totally losing.

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