You have not selected any currencies to display
HomeCrypto NewsThe most recent version of the Zeus Bitcoin wallet is rejected by...

The most recent version of the Zeus Bitcoin wallet is rejected by Apple.

An updated version of the Zeus app, a Bitcoin wallet with Lightning Network support, was recently rejected by Apple.

Only a day earlier, Apple had issued a warning to Damus, a different Bitcoin-related app, about the tipping function in that app.

These moves emphasize Apple’s worries with regard to cryptocurrency-related app functionality and the requirement for appropriate licenses and permissions.

The app’s facilitation of the transmission of virtual money without being filed by a legitimate financial institution or exchange, according to Evan Kaloudis, founder of Zeus, is what caused Apple to reject it.

Apple asked for documentation proving the required permits and licenses before providing software with bitcoin exchange capabilities.

Since the app is a non-custodial wallet and lacks crypto exchange features, Zeus is now in talks with Apple to find a solution.

Given that Zeus is largely a software interface, according to Tether CTO Paolo Ardoino, being non-custodial should make it simpler to address the issues. In the App Store, users may still access the old version of the Zeus app.

Following Apple’s caution to Damus on the app’s Bitcoin tipping functionality, the Zeus app was rejected. In order to keep the “zaps” capability at the profile level, Damus has been given permission to remove it from all content areas.

In the future, William Casarin, the creator of Damus Core, intends to submit the app again with zaps because he is certain it does not contravene any rules.

LATEST POSTS

For taking part in the $37 million Coinbase spoofing scam, an Indian citizen faces 20 years in US prison

In order to steal over $37 million by impersonating cryptocurrency exchange Coinbase, an Indian national entered a guilty plea to wire fraud conspiracy in the...

The UK approves the first Ethereum and Bitcoin ETPs to be listed on the London Stock Exchange with physical backing

Exchange-traded products (ETPs) for Bitcoin and Etherium that are physically backed have received approval from the Financial Conduct Authority (FCA), the leading financial regulator in...

Bitcoin vs Ethereum: A Comprehensive Comparison for Developers

In the world of cryptocurrencies, Bitcoin and Ethereum have emerged as two of the most prominent and influential players. Both Bitcoin (BTC) and Ethereum (ETH)...

Understanding the Resumption of Block Production on Shiba Inu’s Shibarium Network

Introduction In recent news, Shiba Inu's layer-2 blockchain network, Shibarium, has successfully resumed block production after a temporary pause. The Shibarium network experienced a surge in...

Most Popular