Why is Apple App store allowing only a few cryptos? What's acceptance criteria?

[sshtel]

Korean exchange Upbit recently updated iPhone App.
Now 15 cryptos can be exchanged to KRW in iPhone App. (Previously only web browser application and Android app was available for KRW to Crypto exchange)

According to their announcement, Apple's App store strategy has strict limit of iPhone application regarding crypto currencies and only 15 cryptos are able to support in App.

Bitcoin, Ethereum, Ripple, Bitcoin cash, Ethereum classic, Litecoin, Dash, Monero, Zcash, Steem, Wave, Lisk, Dodge coin, Voxel and Tether.

Can anybody explain why? And what's acceptance criteria of the list?





This is official notice and you can translate it into English.

https://upbit.com/service_center/notice?id=254

1. 아이폰에 노출되는 암호화폐 종류가 애플에서 허용하는 15개로 제한 (+ 코인동향탭 미지원)
- 15개 암호화폐: 비트코인, 이더리움, 리플, 비트코인캐시, 이더리움클래식, 라이트코인, 대시, 모네로, 지캐시, 스팀, 웨이브, 리스크, 도지코인, 복셀, 테더
- 이는 온전히 애플 정책에 부합하기 위한 것으로 업비트의 의사와는 무관하며, (앱스토어 심사 정책)
- 15개 외에 업비트에 상장된 모든 암호화폐는 www.upbit.com(모바일/PC)에서 기존과 동일하게 거래 가능합니다.
- 회원님들이 모든 암호화폐를 아이폰에서 거래하실 수 있도록 애플과 오랜 시간 협의하였지만, 업데이트가 지속 지연되어 부득이하게 제한된 코인만을 노출하게 되었습니다. 많은 양해 부탁드립니다.

[sorrysteve1]

Korean exchange Upbit recently updated iPhone App.
Now 15 cryptos can be exchanged to KRW in iPhone App. (Previously only web browser application and Android app was available for KRW to Crypto exchange)

According to their announcement, Apple's App store strategy has strict limit of iPhone application regarding crypto currencies and only 15 cryptos are able to support in App.

Bitcoin, Ethereum, Ripple, Bitcoin cash, Ethereum classic, Litecoin, Dash, Monero, Zcash, Steem, Wave, Lisk, Dodge coin, Voxel and Tether.

Can anybody explain why? And what's acceptance criteria of the list?





This is official notice and you can translate it into English.

https://upbit.com/service_center/notice?id=254

1. 아이폰에 노출되는 암호화폐 종류가 애플에서 허용하는 15개로 제한 (+ 코인동향탭 미지원)
- 15개 암호화폐: 비트코인, 이더리움, 리플, 비트코인캐시, 이더리움클래식, 라이트코인, 대시, 모네로, 지캐시, 스팀, 웨이브, 리스크, 도지코인, 복셀, 테더
- 이는 온전히 애플 정책에 부합하기 위한 것으로 업비트의 의사와는 무관하며, (앱스토어 심사 정책)
- 15개 외에 업비트에 상장된 모든 암호화폐는 www.upbit.com(모바일/PC)에서 기존과 동일하게 거래 가능합니다.
- 회원님들이 모든 암호화폐를 아이폰에서 거래하실 수 있도록 애플과 오랜 시간 협의하였지만, 업데이트가 지속 지연되어 부득이하게 제한된 코인만을 노출하게 되었습니다. 많은 양해 부탁드립니다.

I do not know their official status on this but it seems logical to only accept a selection, there's no benefit to accepting every cryptocurrency, it's unnecessary cost and effort.

[sshtel]

I do not know their official status on this but it seems logical to only accept a selection, there's no benefit to accepting every cryptocurrency, it's unnecessary cost and effort.

Agreed and that makes sense. Apple don't need to allow every cryptos.

But what I am really curious is how some minor cryptos are chosen by Apple's strict rule.
For example, Voxel and Wave are good alts but why not other good alts are still not allowed by Apple?
Hmm, I have to survey for this more..

[BartS]

Agreed and that makes sense. Apple don't need to allow every cryptos.

But what I am really curious is how some minor cryptos are chosen by Apple's strict rule.
For example, Voxel and Wave are good alts but why not other good alts are still not allowed by Apple?
Hmm, I have to survey for this more..

The only coin I have never heard about is Voxels it is a coins that has a very low market cap compared to the others, maybe they have some interest in that coin or the devs of Voxels are influential enough to pull this move and make their coin very visible, the rest of the coins are fine and are known coins and the majority of the community should be holding at least one of those coins as an investment, what coins would you like to see being accepted and that are not there?

[khendjer]

Can anybody explain why? And what's acceptance criteria of the list?

Maybe they set some kind of fee like exchanges do so those who can afford to pay that fee are able to list their coin. Top coins like Bitcoin, Ethereum, Litecoin etc are listed as a default as they are listed everywhere.

[cherryganda]

Can anybody explain why? And what's acceptance criteria of the list?

Maybe they set some kind of fee like exchanges do so those who can afford to pay that fee are able to list their coin. Top coins like Bitcoin, Ethereum, Litecoin etc are listed as a default as they are listed everywhere.

Even if you are the one who owns the business you will also choose few coins to allow on payment. you will have the coins you believe that you can hold for a long time and make the profit from it aside from your business products. if you will accept every coin that will throw to you, you will have a problem as people will just pay the dropping coins to you and keep holding the potentials.

[Glomerulus22]

Hmm, I miss NEO, Stellar and ICON among those... Apple should reconsider - forget so important and promising coins!

[sshtel]

Agreed and that makes sense. Apple don't need to allow every cryptos.

But what I am really curious is how some minor cryptos are chosen by Apple's strict rule.
For example, Voxel and Wave are good alts but why not other good alts are still not allowed by Apple?
Hmm, I have to survey for this more..

The only coin I have never heard about is Voxels it is a coins that has a very low market cap compared to the others, maybe they have some interest in that coin or the devs of Voxels are influential enough to pull this move and make their coin very visible, the rest of the coins are fine and are known coins and the majority of the community should be holding at least one of those coins as an investment, what coins would you like to see being accepted and that are not there?

Yes, Voxel is kind of surprising. This brought me to study the coin so far. Btw, Apple is also interested in VR industry.. Noted!

[lutcor]

Apple I think is also susceptible to all these political actions from bans on crypto-currencies and so on. Because this company has a very large audience, including presidents of different countries, who are struggling with crypto-currencies

[AshCoins]

Since one of the 15 Upbit is using is that scam tether, I wouldn’t be surprised if apple soon ends up restricting all crypto once usdt crashes.