Breaking itcoin News

Breaking Bitcoin News

Apple’s CryptoKit Edges Closer Towards Phone Support for Digital Currencies

written by

Apple's CryptoKit Edges Closer Towards Phone Support for Digital Currencies

Support free journalists: > send a tip

It has been announced that Apple has plans to integrate what it calls an iPhone CryptoKit into its next-generation iPhone.

Although the title sounds like a major step away from a hitherto rather tentative stance on all things crypto, enthusiasts will need to wait for a while before becoming to over-enthusiastic. This is no crypto wallet and, unlike Samsung, Apple is not ready to pander to its many iPhone-holding crypto fans just yet.

However, falling short of supplying a fully- fledged crypto wallet with the latest iOS 13 software will have some of the advantages of a wallet for some users, according to Open Money Initiative co-founder Alejandro Machado who enthused:

“For the first time, developers can leverage the secure enclave to manage a user’s keys in an iPhone, achieving a similar level of security to hardware wallets.”

The new iOS13 plans which will replace Apple’s previous framework announced at its Worldwide Developers Conference in Cupertino, California this week.

The announcement was met with somewhat muted response elsewhere, some not sharing Open Money Initiative’s obvious enthusiasm, with one developer claiming that Apple’s current CommonCrypto already provides many of the functions that CryptoKit offers.

Clearly, Apple is holding back, given that its competitor Samsung offers the Galaxy S10 which includes a cryptocurrency wallet compatible with Ether (ETH) and Ethereum-based ERC20 tokens, although it does not currently support Bitcoin, thereby immediately frustrating many users.

 

Follow BitcoinNews.com on Twitter: @bitcoinnewscom

Telegram Alerts from BitcoinNews.com: https://t.me/bconews

Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here.

Image Courtesy: Pixabay

Help spread this article :)

BitcoinNews.com is NOT INVESTMENT ADVICE

Opinions expressed are entirely their own and do not necessarily reflect those of BitcoinNews.com

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by BitcoinNews.com to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of BitcoinNews.com 

   Advertisement

Read More Bitcoin News

   Advertisement