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Will This Incoming Apple Update Kill Crypto & Web3 Apps in EU?

2 mins
Updated by Kyle Baird
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In Brief

  • Apple's PWA ban may force a costly shift to native iOS app development, affecting crypto and web3 sectors.
  • The move threatens to limit the reach of crypto and web3 apps, potentially reducing their adoption in the EU.
  • Critics, including NoOnes CEO Ray Youssef, see this as an attack on the free market, urging a reconsideration.
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As Apple gears up to release its next iOS update, the tech community is abuzz with speculation and concern about the potential impact on the crypto and web3 app ecosystem in the European Union (EU). The core of the issue lies in Apple’s decision to disable Progressive Web Apps (PWAs) on its devices.

This move could significantly alter the sector for developers and users alike.

Apple PWA Ban: A Double-Edged Sword for Crypto & Web3

At first glance, Apple’s initiative appears to be a stride towards compliance with the EU’s Digital Markets Act (DMA). This act is aimed at fostering a more competitive digital market. However, this move could have unintended consequences, particularly for crypto and web3 applications.

EU's Digital Market Act timeline. Source: Quinz
EU’s Digital Market Act timeline. Source: Quinz

The removal of PWA support from iOS devices means that developers now face the daunting task of pivoting towards native app development.

This shift is not trivial. Native apps require more resources, both in terms of time and money and are subject to Apple’s stringent app review process and guidelines.

“We expect this change to affect a small number of users. Still, we regret any impact this change — that was made as part of the work to comply with the DMA — may have on developers of Home Screen web apps and our users,” Apple stated.

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The implications of this policy are far-reaching. Developers of crypto and web3 apps, which have traditionally relied on the flexibility and cross-platform accessibility of PWAs, might see increased development costs and extended time-to-market for their applications.

Moreover, the ban on PWAs could limit the reach of crypto and web3 apps. PWAs are renowned for their ability to function across different platforms without the need for installation from an app store, making them a pivotal tool for ensuring wide accessibility.

By restricting these apps, Apple could inadvertently reduce the adoption rate of new and existing web3 technologies among iOS users.

Crypto and Web3 Proponents Speak Out

The decision has not gone without its critics. Ray Youssef, CEO of NoOnes, views Apple’s move as,

“An attack against a free market for information and Bitcoin.”

He urged the community to consider the broader implications of such policy changes:

“It’s that serious. Time to boycott Apple! How long before Android follows?”

Read more: 16 Best Web3 Wallets

Youssef’s call to action highlights the growing concerns within the crypto community regarding the future of app development and distribution on major platforms.

As the release date of iOS 17.4 approaches, the crypto and web3 app ecosystem stands at a crossroads. The ban on PWAs by Apple, while aimed at compliance with the DMA, poses significant challenges for developers. It could also stifle innovation within the sector.

Developers and companies in the crypto and web3 space will need to explore alternative strategies to maintain their presence on iOS devices, possibly focusing more on native app development.

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Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content.
This article was initially compiled by an advanced AI, engineered to extract, analyze, and organize information from a broad array of sources. It operates devoid of personal beliefs, emotions, or biases, providing data-centric content. To ensure its relevance, accuracy, and adherence to BeInCrypto’s editorial standards, a human editor meticulously reviewed, edited, and approved the article for publication.

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Kyle Baird
Kyle migrated from the East Coast USA to South-East Asia after graduating from Pennsylvania's East Stroudsburg University with a Bachelor of Science degree in 2010. Following in the footsteps of his grandfather, Kyle got his start buying stocks and precious metals in his teens. This sparked his interest in learning and writing about cryptocurrencies. He started as a copywriter for Bitcoinist in 2016 before taking on an editor's role at BeInCrypto at the beginning of 2018.
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