Apple’s New Digital Wallet Patent References ‘Virtualised Currencies’

By August 27, 2014Bitcoin Business

Apple iPhone with Touch ID Many analysts expect Apple to enter the mobile payments space soon and a recent patent application that has just been made public appears to back those claims.

The patent application reveals the backend architecture for a versatile mobile “omni-wallet”, and, notably for the cryptocurrency community, also references “virtualised currencies” – although this does not necessarily mean Apple will enable digital currency functionality.

Unlike Google, which uses an open approach with Android, Apple enforces very strict policies in […]

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