The virtual currency that has gained recognition from visionaries like Sir Richard Branson and Bill Gates is non functional on iPhones. Apple's disregard for this innovative technology leaves a lot of people puzzled.
With the introduction of Passbook, Apple launched mobile payments on iOS and is competing virtual payment systems, including Bitcoin and other virtual currencies.
Instead of engaging in fair competition, they are taking payment applications off the App store. The founder of Blockchain Roger Ver told Wired, "I think that Apple is positioning itself to take on mobile payments in a way they haven't described to the public and they're being anti-competitive."
In December, Apple removed apps that were using Bitcoin for transactions. At the time, Bitcoin startup Gliph wrote a long post about Apple and Bitcoin. The Bitcoin wallet is not the only app targeted by the App Store. The founders of micro-payment service Flattr have said they are worried that their business could suffer damage after Apple rejected a podcasting app that integrated with the system.
Technology enthusiasts world over are voicing their frustration over Apples policies. “I’m switching,” Silbert, chief executive officer of New York-based SecondMarket Inc., said in an e-mail after Apple removed his Bitcoin application of choice.
The app Blockchain had been downloaded 120,000 times before being removed. People are getting together for Bitcoin meetups, across the world, to discuss switching mobile phones.
Google, on the other hand, is definitely gaining a new userbase with a more open approach, that has been appreciated by those who doubt the ethics at Apple.
Do you think what Apple has done is okay? Leave a comment below or tweet at me.