Author : Mark

Date : Dec 18,2022

Apple's move is probably going to help NFT-focused applications, and it might even make it possible to conduct mobile crypto transactions on Apple devices.

The long-standing stringent stance that Apple has had regarding external iOS apps on its iPhones and iPads is likely to change, according to the American tech giant. The Digital Markets Act, a new stringent European rule that takes effect in Q1 2023, was the driving force for the project. The change is probably going to help NFT-focused applications, and it might even make it possible to conduct mobile cryptocurrency transactions on Apple devices. Despite the fact that the new restrictions won't be fully implemented until 2024, they won't even take effect for a few months.

Apple customers will be allowed to install programs from outside the App Store and Apple's limitations, such as the up to 30% commission on payments, on their iPhones and iPads as part of the upgrade. Average users and app creators have long complained that Apple exerts excessive control. The new European law will undoubtedly enhance the user experience by providing users more power and leveling the playing field for third-party developers.

As a result, technology businesses are required by the Digital Markets Act to permit the installation of third-party apps. The guidelines compel messaging providers to cooperate, giving third parties full access to applications' fundamental functionality. Only internet firms with a market valuation of at least €75 billion ($80 billion) and at least 45 million EU monthly users will be affected by these modifications. These standards apply to Apple, whose second-largest market after the US is in Europe. Therefore, Apple plans to implement the new rules in the EU market with the release of iOS 17, which is targeted for fall 2023.

These modifications occur in the midst of mounting opposition to Apple's walled ecosystem, which stifles web3 decentralized aesthetics and jams the NFT wheels. Apple changed its developer standards as of the announcement in October, permitting NFTs inside App Srore programs but forbidding extra features or content.

The tech giant is now undecided over "whether to permit third-party apps to utilize their own payments infrastructure, rather than forcing developers to route payments through Apple's own payments setup," according to Bloomberg.

Whatever Apple's choices, the impending change, if it is put into effect, will unquestionably alter the severe prohibition on bitcoin and NFT transactions using iPhone and iPad apps.