Apple has new App Store rules for crypto and NFT payments: Details

Apple has new App Store rules for crypto and NFT payments: Details

Apple App Store new guidelines are now available. The new rules explain, among other things, the company’s policy against payments made through non-fungible tokens (NFT) and cryptocurrency. The Cupertino-based company now allows apps to trade digital tokens and currencies — provided those exchanges have the necessary regional licenses to operate where the app is distributed.

In the updated guidelines, Apple says that “apps may use in-app purchases to sell and sell services related to non-fungible tokens (NFTs), such as minting, listing and transfer.”

Apps will also be able to allow users to view their own NFTs, provided that NFT ownership does not unlock features or functionality within the app, the new rules state. In addition, apps may allow users to browse NFT collections owned by others. But again, the condition is that the apps cannot contain buttons, external links or other calls to action that direct customers to purchase mechanisms other than in-app purchases.

The iPhone maker specifically guides against any app functionality that allows NFT holders to “unlock in-app features or functionality,” which may have served as a workaround to the payment rule. app purchases.

Apple has also revised the 3.1.5(iii) rule for the App Store to add cryptocurrency exchanges. “Apps may facilitate transactions or transfers of cryptocurrency on an approved exchange, provided they are only offered in countries or regions where the app has appropriate licensing and permits to offer a cryptocurrency exchange,” the rule now states.

Cryptocurrency exchanges, such as Coinbase and Binance, are already on the App Store. With the new guidelines, app developers will now have a little more guidance for their businesses. Apple iPhone and iPad users will still be able to view, browse and share their NFT collection with others in apps.

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In another update, Apple has started rolling out the latest macOS Ventura to its Mac line of computers. The new OS comes with features like Stage Manager, Live Captions for all audio content, Live Text in videos and a message editing option. It also adds updated features across the platform.

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