Home News Bitcoin Google Play Store, Apple iOS Stores to Lift Restrictions on Cryptocurrency Apps

Google Play Store, Apple iOS Stores to Lift Restrictions on Cryptocurrency Apps

November 02, 2018 16:18
|
Share with your friends

Earlier, there were news reports doing the rounds, that Google would soon start lifting restrictions on cryptocurrency apps. Although, Google has not made an official announcement yet that it has lifted the restriction, cryptocurrency apps are beginning to appear on Google’s Play Store as well as Apple’s iOS store.

At the time of writing this article 10 apps were already listed on the the playstores and 30 other are expected to debut in the next few weeks, according to a report by portal BTCWires. The report added that some of the apps that are live include: Reveald – Dating, Kinguist – Language learning, Nearby – Networking, GoChallenge.me – Social goals, AddMe – Business networking among others. For iOS, there are a couple of apps such as Blastchat – Instant messaging and Pause For – Productivity.

Interestingly all these apps have one thing in common-which is they can use the cryptocurrency Kin as a medium of exchange.

As reported earlier by Crypto-News India, Kin was earlier a ERC-20 token for messaging app Kik. However when the development team observed the limitations of Ethereum network during the Crypto Kitties phase late last year, they decided to move to the Stellar Platform. But since Stellar has very less liquidity, the company decided to create a new blockchain from a fork of Stellar which is capable of 1.2 million transactions per day at a rate of 20 per second.

At the time of launch in late June, Ted Livingston, the founder and Chief Executive Officer (CEO) of Kik had said, “Our goal is to make Kin the most used cryptocurrency in the world and getting Kin into the hands of more Kik users is a critical step in achieving this. Blockchain is a new and complex technology, but consumers don’t have to understand the technology in order to use it. With these new experiences, we want to demonstrate how simple and seamless cryptocurrency-driven experiences can be.”

In September, Google had removed support for three cryptocurrency wallets, namely Bitcoin wallet, CoPay and BitPay.

Liked what you read? Join us on Telegram

A blockchain enthusiast, a wannabe-crypto investor and an all-around enthusiast! Loves travelling, especially to ASI-protected areas, believes in giving her best shot at everything she does! Definitely an introvert.

LEAVE A REPLY

Please enter your comment!
Please enter your name here