Apple rejects latest version of Bitcoin wallet Zeus

Quick Take

  • Apple has rejected the latest version of the Bitcoin wallet app Zeus.
  •  The news comes a day after Apple warned about removing another Bitcoin-related app, Damus.

Update: After Zeus submitted extra notes and resubmitted its application, Apple then approved the latest version of the app.


Apple has rejected the latest version of the Zeus app — a non-custodial Lightning Network-enabled Bitcoin wallet — a day after warning about removing another Bitcoin-related app, Damus.

"Your app facilitates the transmission of a virtual currency but was not submitted by a corresponding exchange or recognized financial institution," Apple told Zeus, according to a tweet by Zeus founder Evan Kaloudis. "To resolve this issue, please provide documentary evidence demonstrating you have the necessary licenses and permissions to distribute an app with cryptocurrency exchange features in all the locations where your app is currently available."

THE SCOOP

Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy
By signing-up you agree to our Terms of Service and Privacy Policy

Zeus is in talks with Apple for approval, as the app does not provide crypto exchange features but facilities payments via a non-custodial wallet. "Being non-custodial should be easy to push back since the product is just a software interface," according to Tether CTO Paolo Ardoino. The previous version of the Zeus app is still accessible in the App Store.

The news comes a day after Apple warned Damus to drop its "zaps" or Bitcoin tipping feature. Damus now has to remove the zaps functionality from all content sections and can maintain it at the profile level. Damus core developer William Casarin said he would resubmit with zaps in the future as he believes he is not violating any guidelines.


© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

Yogita Khatri is a senior reporter at The Block, covering all things crypto. As one of the earliest team members, Yogita has played a pivotal role in breaking numerous stories, exclusives and scoops. With nearly 3,000 articles under her belt, Yogita holds the records as The Block's most-published and most-read author of all time. Prior to joining The Block, Yogita worked at crypto publication CoinDesk and The Economic Times, where she wrote on personal finance. To contact her, email: [email protected]. For her latest work, follow her on X @Yogita_Khatri5.

Editor

To contact the editor of this story:
Adam James at
[email protected]