Apple has decided to estrange itself to the Bitcoin community — the company has denied a number of apps entry to its App Store for having Bitcoin functionality. Some say it’s due to the unclear regulatory issues surrounding the currency.
Regardless, the takeaway is clear — no Bitcoin apps for non-jailbroken iOS users in the foreseeable future.
Or at least until this guy clears his crowdfunding goal.
Kyle Drake is asking the Internet for $US55,000 in this Indiegogo campaign to build Coinpunk, an HTML 5 Web app that runs in Safari, Chrome, Firefox, and others to handle all your Bitcoin transactions. By making it platform-agnostic and Web-based, entities like Apple won’t be able to block it.
Drake seems to already have a barebones version working. Check out his pitch video below to see him use Coin Punk to buy a Subway sandwich with Bitcoin.
In exchange for your monetary support, Drake is offering stickers, posters, and other perks. But where will that $US55,000 go? They explain on their page:
We will use the funds to help developers working on Coinpunk pay living expenses, pay server and development bills, improve coinpunk.com, fund improvements to watch-only address support, and conduct security audits. All of the funds will be stored in a cold wallet Bitcoin address, and we will document where Bitcoins are sent and why (and you will be able to confirm it via blockchain inspection).
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