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These Are the Six Crypto-Currencies Approved By Apple (softpedia.com) 74

An anonymous reader quotes Softpedia: Anthony Di Iorio, founder of Jaxx, a crypto-currency wallet, claims that an Apple representative revealed to him the six crypto-currencies allowed on the App Store, during a private phone conversation... Di Iorio had this conversation with the Apple employee after the company removed his Jaxx iOS app from the store. The Apple employee told Di Iorio that they had to remove his app because it featured support for Dash, another blockchain technology, touted as an alternative to Bitcoin.

During the conversation, Di Iorio asked what crypto-currencies Apple approves of, so he'd know what to remove from Jaxx's iOS version and get his app back on the App Store. Di Iorio says that Apple is comfortable approving apps on its App Store that handle only six crypto-currencies: Bitcoin, Dogecoin, Litecoin, Ethereum, the DAO and Ripple. Reaction to Apple's list of approved crypto-currencies wasn't positive, at least on Twitter. Most users criticized Apple's decision to limit the list to only six, which they considered might thwart the evolution of other, lesser-known crypto-currencies.

Vitalik Buterin, who helped create Ethereum with Di lorio, tweeted "For the record: despite being a beneficiary of this instance of (private) regulatory protectionism, I oppose it."
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These Are the Six Crypto-Currencies Approved By Apple

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  • by Anonymous Coward

    Limiting the currencies to well known, well used currencies will go some-way to stopping people using App Store apps to launder money between different currencies with apple providing the resources to do it.

    • Re: (Score:2, Funny)

      by lxs ( 131946 )

      People using the App Store to massively dodge taxes is still A-OK though. As long as the people involved are Tim Cook and friends.

  • Anthony Di Iorio, founder of Jaxx, a crypto-currency wallet, claims that an Apple representative revealed to him the six crypto-currencies allowed on the App Store, during a private phone conversation...

    Is it my imagination, or did this remind anyone else of the story of Joseph Smith [wikipedia.org]?

    Or perhaps the story of John Ballou Newbrough [wikipedia.org]?

    (Gordon Stein in the book Encyclopedia of Hoaxes (1993) noted that the revelations of Apple have not been taken seriously because they were revealed to contain "many factual errors and unfulfilled prophecies.")

  • The Hexalogue (Score:4, Insightful)

    by PopeRatzo ( 965947 ) on Sunday September 04, 2016 @12:01AM (#52823589) Journal

    Is it my imagination, or did this remind anyone else of the story of Joseph Smith [wikipedia.org]?

    It reminds me more of this story:

    https://en.wikipedia.org/wiki/... [wikipedia.org]

    But the literature is full of men who have been given special information secretly from on high and then endeavor to bring it to the masses. In this case, the deity happened to be Apple.

  • Six Ways (Score:3, Informative)

    by jmhysong ( 1560115 ) on Sunday September 04, 2016 @12:15AM (#52823611) Homepage

    That's six ways to lose all your money when the exchange gets robbed.

    • But when a bank gets robbed (or more likely, when a bank loses money on investments) then every taxpayer loses.

      Also, pro tip: don't keep your life savings in an exchange.

      • Banks insure depositors by paying into the FDIC insurance fund. Most of the time when a bank goes belly-up, the insurance covers it. It's only when many banks get in trouble at the same time, as happened during the Financial Crisis a decade ago, that the Federal Reserve and Treasury stepped in to bail them out.

        As of July 2016, The Treasury's Troubled Asset Relief Program (TARP) has collected about $8 billion more than it paid out, representing about a 2% profit on the $400 billion disbursed. The program

    • That's six ways to lose all your money when the exchange gets robbed.

      A crytocurrency exchange gets "robbed", and because it's "digital", those in charge quickly label it a crime, and look to go after and prosecute the offenders to the fullest extent of the law.

      World Bankers collude together on lending practices creating a global economic crisis, and because it's "politics", those in charge dismiss any discussions about criminal wrongdoing, and instead impose slap-on-the-wrist fines that penalize 0.01% of the profits turned from immoral and unethical activity.

      I'm so glad you

  • "To protect its users, Apple has decided to limit purchases with its Apple Pay product to Target and Mobil, after receiving numerous complaints about customer experience at Walmart and Shell."

    You wanted a walled garden, you got a walled garden. Enjoy it.
    .

For every problem there is one solution which is simple, neat, and wrong. -- H. L. Mencken

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