Apple just became crypto friendly (…sort of)

TL;DR

• Apple has beforehand blocked Web3 apps from accepting crypto funds, as a result of Apple Pay does not play good with blockchain – which suggests Apple cannot take its 30% lower.

• The excellent news is: there is a means for Web3 apps to just accept funds on the iPhone.

• The unhealthy information is: the expertise is clunky and costly. Customers purchase ‘Spark’ tokens (non-crypto tokens, just like Fortnite’s ‘V-Bucks‘) → use their Spark tokens to purchase NFTs in-app.

• All whereas Spark purchases are 30% costlier (in USD equal), in comparison with crypto purchases. Both means, it is a web optimistic for Web3!

Full Story

Alrighty, we’ve some excellent news and a few unhealthy information…

The excellent news is: there is a means for Web3 apps to just accept funds on the iPhone.

Apple had beforehand blocked Web3 apps from accepting crypto funds, as a result of Apple Pay does not play good with blockchain – which suggests Apple cannot take its 30% lower of income.

The unhealthy information is: the expertise is clunky and costly.

That final bit is smart – if Apple goes add a 30% surcharge to app creators, that value is most probably going to be handed alongside to customers.

The clunkiness of all of it culminates within the foreign money change course of…

It really works like this:

Customers add a bank card to their account → purchase ‘Spark’ tokens (that are non-crypto tokens, just like Fortnite’s ‘V-Bucks‘) → use their Spark tokens to purchase NFTs in-app.

All whereas Spark purchases are 30% costlier (in USD equal), in comparison with crypto purchases.

So, Web3 apps can now monetize on the iPhone (hoooray!), however it’ll be a messy person expertise till Apple Pay accepts crypto funds natively – if that ever occurs (boooo!).

Both means, it is a web optimistic for Web3!