Yello Paradisers! Wallet of Satoshi, a popular Bitcoin Lightning payments app, has unexpectedly vanished from Apple’s App Store and Google’s Play Store in the United States. This development comes as the app was nearing a significant milestone of over 1 million transactions for November. Users attempting to find the app on these platforms were either unsuccessful or redirected to other wallet apps.
📰 App’s Availability in Other Regions
Despite its disappearance in the U.S., Wallet of Satoshi remains available for download in other regions, including the Australian Apple App Store and the Google Play Store versions in Australia and Singapore. This suggests that the removal may be specific to the U.S. market.
📰 Significant Growth in Lightning Payments
Industry author and podcaster Kevin Rooke highlighted that Wallet of Satoshi is on track to process over 1.1 million Lightning payments in November, potentially marking its largest month of transactions ever. This growth underscores the increasing popularity of the Lightning Network for Bitcoin transactions.
📰 Apple’s App Store Policies and Crypto Apps
Apple’s stringent policies, especially the 30% tax on in-app payments, have historically posed challenges for crypto platforms seeking a presence in the App Store. This recent development with Wallet of Satoshi adds to a series of instances where Apple has removed or restricted crypto-related apps, including the Nostr-based Damus app and MetaMask.
📰 Class-Action Lawsuit Against Apple
The disappearance of Wallet of Satoshi coincides with a class-action lawsuit filed against Apple on Nov. 17. The suit, brought by users of PayPal, Venmo, and Block Cash App, alleges that Apple entered anti-competitive agreements to restrict the use of crypto technology on iOS platforms.
📰 Conclusion: An Uncertain Future for Crypto Apps on Major Platforms
The removal of Wallet of Satoshi from U.S. app stores raises questions about the future of cryptocurrency applications on major digital platforms like Apple and Google. As the crypto industry continues to grow, the interplay between these tech giants and crypto platforms will be crucial in shaping the accessibility and growth of digital currency applications.
📰 Stay Ahead with MyCryptoParadise
For the latest updates on Wallet of Satoshi’s status and other significant cryptocurrency app developments, follow MyCryptoParadise. We bring you the most current news and insights, helping you stay informed about the evolving landscape of cryptocurrency apps and platforms. 🌴
