Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

6/4/2014 (2 years ago)

Catholic Online (www.catholic.org)

Digital currency can now be used for Apple apps

In a reversal of its' previous, long held stance, Apple will now accept purchases made using the popular online currency, Bitcoin.

The digital currency Bitcoin, which debuted in 2009, is now going to be accepted by Apple.

The digital currency Bitcoin, which debuted in 2009, is now going to be accepted by Apple.

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

6/4/2014 (2 years ago)

Published in Technology

Keywords: Technology, Apple


LOS ANGELES, CA (Catholic Online) - The recent update in the App Store Review Guidelines allows apps to "facilitate transmission of approved virtual currencies provided that they do so in compliance with all state and federal laws for the territories in which the app functions."

You can always fight against world hunger.

Before this update, the tech giant rejected or removed any apps that used the digital currency.

Digital Manager at Mobiles.co.uk, Jay Karsandas said that "The action that Apple has taken in allowing apps to transmit approved virtual currencies seems like the next natural step in adapting to the ever-growing prominence of cyber-cash systems, such as Bitcoin."

"We are doubtful that Apple will open the door to Bitcoin mining or significant sums passing through apps," he added. "More likely this will be an opportunity for iOS devices to act as Bitcoin wallets for use in online purchases, similar to what they Google Play store already offers."

Bitcoin, and other virtual currencies, are built around shared software, which users use to carry out transactions directly with one another, eliminating the need for a bank or other intermediary.

Bitcoin's value has fluctuated dramatically since its inception. The value of a single coin surpassed $1,000 at the end of last year before it plummeted to $350 in April. Now the currency rests between $650 and $670.

The digital currency has received criticisms, especially for its use in illegal deals. Drug dealers and drug users where prevalent users of Bitcoin, and China has also made recent crackdowns.

---


Pope Francis: end world hunger through 'Prayer and Action'


Copyright 2016 - Distributed by THE CALIFORNIA NETWORK

Pope Francis Prayer Intentions for NOVEMBER 2016
Universal:
Countries Receiving Refugees: That the countries which take in a great number of displaced persons and refugees may find support for their efforts which show solidarity.
Evangelization: Collaboration of Priests and Laity: That within parishes, priests and lay people may collaborate in service to the community without giving in to the temptation of discouragement.



Comments


More Technology

The speed of light may have been MUCH faster in the past, but WHY SHOULD YOU CARE? Watch

Image of Einstein's theory is about to be challenged. Will it survive the test?

By Marshall Connolly (CALIFORNIA NETWORK)

Measure what is measurable, and make measurable what is not. This maxim from Galileo Galilei is part of the basis of modern science. The work of a scientist is to make things measurable and devise tests. Such a test has now been developed for a possible modification to ... continue reading


DOOMSDAY - experts calculate the odds and they're scary Watch

Image of The odds of doomsday are worse than most think.

By Marshall Connolly (CALIFORNIA NETWORK)

What are the odds of the world coming to an end in any year? According to experts, those odds are more likely than most assume. LOS ANGELES, CA (California Network) - Experts have calculated the odds of global catastrophe and concluded there's a better chance of the ... continue reading


Turns out YOU are the reason we can't have nice things! The real reason why self driving cars still aren't for sale Watch

Image of Yep, that's the reason we can't have nice things.

By Marshall Connolly (CALIFORNIA NETWORK)

It turns out you are the reason we can't have nice things. Mercedes Benz CEO, Deitmar Exler told people at AutoConference LA, that humans, not technology, are the reason why self-driving cars are not quite available now. LOS ANGELES, CA (California Network) - ... continue reading


Scientists to celebrate 'Gold Mass' - Science and Faith are compatible Watch

Image of Scientists at MIT will celebrate their first Gold Mass on Nov. 15.

By Marshall Connolly (CALIFORNIA NETWORK)

Scientists at MIT are about to celebrate a 'Gold Mass' as a way to affirm the compatibility of faith and science. LOS ANGELES, CA (California Network) - There has been a long debate for the past few centuries over the compatibility of faith and science. Science deals ... continue reading


'We are building the technology to give anyone the power to share anything they want' - Facebook has a 10-year-plan you don't want to miss! Watch

Image of Where is Facebook headed?

By Kenya Sinclair (CALIFORNIA NETWORK)

Mark Zuckerberg and Facebook CEO Mike Schroepfer unveiled the social media giant's 10-year plan - and you're not going to believe what they have in store! LOS ANGELES, CA (Catholic Online) - At the F8 conference, Zuckerberg and Schroepfer took the stage to announce ... continue reading


Elon Musk proposes universal basic income, but there's a hidden dark side nobody thinks about Watch

Image of When the robots do all the work, what is there left for the people to do? What do you do with billions of people you don't need?

By Marshall Connolly (CALIFORNIA NETWORK)

Another day brings another warning from someone in the know that the robots are coming to steal your jobs. What will people do when all labor is performed by robots? How will people support themselves and feed their families? Elon Musk proposed universal basic income. ... continue reading


What happens when humans fall in love with robots? We're about to find out. Watch

Image of What happens when humans and robots do more than work together?

By Marshall Connolly (CALIFORNIA NETWORK)

The robot revolution is troubling enough with its anticipated impact on jobs. But there may be an even greater problem on the horizon. People are likely to fall in love with their robots. LOS ANGELES, CA (California Network) - What happens when your spouse starts ... continue reading


EPIC! A massive cloud of gas is on a collision course with our galaxy - here's what happens next... Watch

Image of As interstellar gas is compressed by gravity, stars are formed. A similar phenomenon is being observed at the heart of our galaxy where a supermassive black hole is compressing gas to form stars.

By Marshall Connolly (CALIFORNIA NETWORK)

There is a massive cloud of gas on a collision course with our galaxy, closing in at 700,000 MPH. What happens when this cloud arrives? NASA has the answer. LOS ANGELES, CA (California Network) - In 1963, a Dutch astronomer discovered a massive cloud of gas in space ... continue reading


Hate cooking? Good! First robotic chef to arrive in 2018! Watch

Image of The Moley Robot can cook over 100 meals and learn from you.

By Marshall Connolly (CALIFORNIA NETWORK)

Do you hate cooking, but love gourmet food? Then we have good news for you. The world's first robotic chef is coming to market and it can cook fully gourmet meals and even clean up after itself. LOS ANGELES, CA (California Network) - The world's first commercially ... continue reading


Astronomers discover 'galactic fossil' at the heart of the galaxy Watch

Image of Scientists discover Terzan 5 has a mixture of old and new stars.

By Marshall Connolly (CALIFORNIA NETWORK)

Astronomers have discovered the 'galactic fossil' of the Milky Way.  Known as Terzan 5, it is a 12.5 billion year-old globular cluster near the center of the galaxy. In addition to this knowledge, scientists made a remarkable second discovery. LOS ANGELES, CA ... continue reading


All Technology News

Newsletters

Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Subscribe to Catholic OnlineYouTube Channel

Daily Readings

Reading 1, Isaiah 29:17-24
17 Is it not true that in a very short time the Lebanon will become ... Read More

Psalm, Psalms 27:1, 4, 13-14
4 if I have repaid my ally with treachery or spared one who attacked me ... Read More

Gospel, Matthew 9:27-31
27 As Jesus went on his way two blind men followed him shouting, 'Take ... Read More

Saint of the Day

Saint of the Day for December 2nd, 2016 Image

St. Bibiana
December 2: St. Bibiana, Virgin and Martyr (Feast day - ... Read More