Apple has rejected the latest version of the Zeus app, a non-custodial Lightning Network-enabled Bitcoin wallet. This comes just a day after the tech giant warned another Bitcoin-related app, Damus, about removing certain features. The rejection of Zeus was communicated to the app’s founder, Evan Kaloudis, through an official message from Apple.
According to Kaloudis’ tweet, Apple stated that the app “facilitates the transmission of a virtual currency but was not submitted by a corresponding exchange or recognized financial institution.” The company requested that Zeus provide documentary evidence proving that they possess the necessary licenses and permissions to distribute an app with cryptocurrency exchange features in all the regions where the app is currently available.
Zeus is currently engaged in discussions with Apple in an attempt to resolve the issue. The app’s primary function is to serve as a non-custodial wallet, allowing users to make payments using the Lightning Network. Paolo Ardoino, Chief Technology Officer of Tether, expressed his belief that the non-custodial nature of Zeus should make it easier to address Apple’s concerns, as the product essentially functions as a software interface.
Interestingly, the previous version of the Zeus app remains accessible on the App Store, even as the latest version faces rejection. The situation surrounding Damus, another Bitcoin app, adds to the unfolding narrative. Apple had warned Damus to remove its “zaps” feature, which enabled Bitcoin tipping. In response, Damus was required to eliminate the zaps functionality from all content sections but was allowed to retain it at the profile level.
William Casarin, the core developer of Damus, remains steadfast in his conviction that the app’s zaps feature does not violate any guidelines. He intends to resubmit the app in the future, including the contentious feature, as he believes it complies with Apple’s policies.
The recent developments highlight the challenges faced by developers in the cryptocurrency space when it comes to app approvals from major platforms like Apple. With the increasing adoption of cryptocurrencies and the rise of decentralized finance (DeFi) applications, striking a balance between innovation and adhering to regulatory requirements poses significant hurdles. It remains to be seen how Zeus and Damus will navigate these obstacles and whether Apple will reconsider its stance on these Bitcoin-related apps.
