'Coin Pocket' Becomes First Bitcoin Wallet App on iOS After App Store Policy Change

Discussion in 'MacRumors.com News Discussion' started by MacRumors, Jun 15, 2014.

  1. MacRumors macrumors bot


    Apr 12, 2001

    Earlier this month, Apple updated its App Store review guidelines to allow for "approved" virtual currencies in apps. Now, Coindesk (via The Next Web) reports that Bitcoin wallet app Coin Pocket has launched in the App Store, becoming the first app on iOS that allows users to send and receive the virtual currency.

    Bitcoin wallet app Coin Pocket ​
    In addition to Coin Pocket, gift card purchasing app eGifter has also received an update to now accept Bitcoin as a form of payment. Earlier this month, betting app Betcoin also appeared on the App Store with in-app Bitcoin spending capabilities. Its developer, Omri Cohen, noted that the app was an experiment to test what Apple would allow ahead of the policy change on virtual currencies in apps.

    Prior to its policy change, Apple displayed past tendencies to remove and deny apps that promoted virtual currencies, notably asking the developers behind private messaging app Gliph to remove the app's Bitcoin sending capabilities. With the launch of Coin Pocket however, it is now likely that users will be seeing many more Bitcoin-related apps in the App Store provided they follow Apple's guidelines.

    Coin Pocket [Direct Link], eGifter [Direct Link], and Betcoin [Direct Link] are all free apps for iOS devices and can be downloaded through the App Store.

    Article Link: 'Coin Pocket' Becomes First Bitcoin Wallet App on iOS After App Store Policy Change
  2. VanillaCracker macrumors 68020


    Apr 11, 2013
    Washington D.C.
    Bitcoin is the way of the future, so I'm glad they changed their mind about accepting it. Not gonna lie, it was definitely pretty sketch starting out though :D
  3. Z400Racer37 macrumors 6502a

    Feb 7, 2011
    YES!!!!!!!! Steve, I swear I will never have impure thoughts of switching to Android again. :D
  4. -LikesMac- macrumors 6502

    Jun 20, 2010

    The state of Bitcoin and its acceptance has changed quite quickly. :D
  5. Di4mondz macrumors regular

    Mar 4, 2012
  6. nagromme macrumors G5


    May 2, 2002
    Some kind of virtual currencie(s) are the way of the future... not so sure about Bitcoin! Its ultimate importance will be historical I expect. It will pave the way. (And it's wasteful of power, too--an interesting but not elegant long-term solution.)
  7. sprezz macrumors regular


    May 28, 2014
    Zurich, Switzerland
    Amazed how fast the app was available... Less than a week of dev time? Or was it pre-developed, hoping for Apple to chamge their policy?
  8. Enabledobject macrumors 6502


    Apr 27, 2014
    Which is strange, considering what happened with Mt. Gox.
    Unless you're a drug dealer or something, I don't get it.
  9. Theclamshell macrumors 68030

    Mar 2, 2009
    I actually got my Bitcoin app (link in sig ;)) approved a few days ago after a few previous rejections. not sure if they had to do with the anti-bitcoin stance or not however I'm just psyched it's in the store finally!

    Little fun fact for everyone, Mt.Gox was initally developed as an online trading platform for magic the gathering cards and the name represents that. Magic The. Gathering Online Xexchange
  10. cclloyd macrumors 68000


    Oct 26, 2011
    Alpha Centauri A
    This comes right after Expedia, another big company, started accepting Bitcoins. Crypto is the future, especially if other big companies continue to accept it.
  11. liavman macrumors 6502

    Sep 22, 2009
    fun173, may be your guide will explain this, but if I want to transfer money between Canada and U.S. can I use this app? Here is the scenario.

    My friend in Canada has a U.S. Dollar account. But they do not allow writing U.S. dollar checks for whatever reason. If he needs to send me, say, $1000.00, can he just send me the equivalent bitcoin by email which I can then sell and deposit the proceeds in my bank account. I am not even sure how I will go about doing that. Will applications like Coin Pocket help me with this specific use case?
  12. Yvan256 macrumors 601

    Jul 5, 2004
    If anyone want to try out crypto-currencies for free

    Check out the links in my signature. I get bonuses if you register with the links with my referral number in them.

    Bitcoin's value started at under a dollar. About a year ago it was worth around 80$USD. It once went over 1200$USD.

    So yes, the value you can get from those links is small today, but in the future, who knows.
  13. Theclamshell macrumors 68030

    Mar 2, 2009

    If you are in the U.S. go to coinbase (An excellent Bitcoin exchange based out of San Francisco) and register an account. You will sign up and connect your bank account. Coinbase will provide you with a wallet address, where your friend would send the $1k worth of Bitcoins. (about 1.68 Bitcoins per the current coinbase price.) Once you have received the Bitcoins, you can sell them via Coinbase, wait a few days and the money will be deposited in your bank account, sans a small fee taken by coinbase for handling the transaction. You could also sell them locally for cash through a website like localbitcoins. However this poses the same risk as any in person high value transaction would. Whatever you do make sure to pay/declare the appropriate taxes ;)
  14. NY Guitarist macrumors 65816

    NY Guitarist

    Mar 21, 2011
  15. CFreymarc Suspended

    Sep 4, 2009
    So who in the Federal Reserve left the Apple Board of Directors?

    The battle of the BitCoin wallet apps start!
  16. SHNXX macrumors 68000

    Oct 2, 2013
  17. ellsworth macrumors 6502a

    Jun 13, 2007
    After all that I've heard that's been going on with bitcoins, I still don't get the hype but I'm glad people are excited about it. It's going to take awhile for any new form of currency/virtual money to reach the masses but I'm sure it will eventually. good stuff.
  18. the8thark macrumors 68040


    Apr 18, 2011
    When has rushing to be first ever produced quality?
    That's right . . . it has not. So we know what Bitcoin apps to avoid. All the ones mentioned in this article.
  19. cclloyd macrumors 68000


    Oct 26, 2011
    Alpha Centauri A
    I'm now disappointed. Me, sitting here on 7.0.4 jailbroken, and it requires iOS 7.1. AM VERY DISAPPOINT!
  20. SolarShane macrumors 6502

    Mar 7, 2014
    Once those bigger iPhones launch with iOS 8, it's Job's "Thermonuclear War" on Android.

    I believe that too. While Bitcoin may not be the permanent one, crypto is the future of money. I like people like you because your group just don't straight up bash crypto claiming it's a dark currency. (Yeah, like their beloved cash isn't?)

    Basically, the main thing about Bitcoin: Zero risk. Once you sell something, the asshat buyer can't go complaining to the credit card company claiming that he/she didn't get the item. This happens A LOT on eBay. With Bitcoin, there is no risk of chargebacks, and there is also a very low fee compared to PayPal (ScamPal) and Credit Cards. Meaning, one the buyer pays for something, they can't complain and get the item + their cash.

    Each Bitcoin transaction is traceable, Cash is not traceable..... I wonder which one money launderers would choose. Anonymous vs semi-anonymous.

    Yeah, I know. This is a crapp in regards of quality. Hopefully someone makes one that takes full advantage of iOS.
  21. MacSince1990 macrumors 65816


    Oct 6, 2009
    They obviously used Swift ;)

    Anyone else feel stupid for not immediately buying bitcoin after the announcement? I rushed to check the price and it hadn't moved. Then the next few days it went up like 80% -_-
  22. Parasprite macrumors 68000


    Mar 5, 2013
    There's always risk, please don't delude yourself for your own sake.
  23. SuspiciousWink macrumors newbie

    Sep 17, 2012
    Great to hear but this article isn't accurate. CoinJar, an Australian exchange and wallet service, had their app in the store the day after the policy changed.
  24. gnasher729 macrumors P6


    Nov 25, 2005
    Around where I live, people have received blackmail letters. Either pay some significant amount of money in bitcoin, or schools / neighbours etc. will be "informed" that you are a pedophile. Which in some areas of England, where even pediatricians have become victims of clueless mob attacks, is quite a nasty threat. Yes, untraceable money is a great idea.
  25. sprezz macrumors regular


    May 28, 2014
    Zurich, Switzerland
    and how is this easier than just sending money from one bank to another using the IBAN? it's basically a long number that identifies the account, just like a wallet hash address...

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