#AppleCryptoUpdate

Here are the latest updates on Apple's involvement in cryptocurrency:

Recent Developments

- *Apple Softens Crypto App Rules*: A US district judge ruled that Apple violated an injunction in its antitrust battle against Epic Games, requiring Apple to allow developers to direct users to payments outside of the app store without restrictions or hefty fees. This move is seen as "hugely bullish" for the crypto industry.

- *Post-Quantum Cryptography*: Apple has introduced post-quantum cryptography (PQC) in its iMessage app to protect user communications from potential quantum computer threats. This upgrade, known as PQ3, provides "level 3" security, surpassing other widely deployed messaging apps.

- *Tap-and-Go Payments*: Apple has opened up its NFC chip and Secure Element (SE) to third-party developers, allowing for crypto-based payments on iPhones. Circle, the company behind USDC, plans to introduce tap-and-go payments using USDC on iPhones soon.¹ ² ³

Impact on Crypto Industry

- *Increased Adoption*: These developments could lead to increased adoption of cryptocurrencies and blockchain-based payments.

- *Improved Security*: Apple's introduction of PQC in iMessage demonstrates its commitment to protecting user data and communications from emerging threats.

- *New Opportunities*: The opening up of Apple's NFC chip and SE could create new opportunities for crypto developers and users, enabling seamless and secure transactions.⁴