Is Apple’s next update the death knell for EU crypto apps?

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


As Apple prepares to release its next iOS update, the tech community has been abuzz with speculation and concern about its potential impact on the crypt and web3 app ecosystem in the European Union (EU). At the heart of the problem lies Apple's decision to disable Progressive Web Apps (PWAs) on its devices.

This move could dramatically change the industry for developers and users alike.

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

At first glance, Apple's initiative appears to be a move to comply with the EU's Digital Markets Act (DMA). This act aims to create a more competitive digital market. However, this step can have unintended consequences, especially for crypto and web3 applications.

Phemex
EU Digital Markets Act Timeline. Source: Quiz

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

This change is not easy. Native apps require additional resources in terms of time and money and are subject to Apple's strict app review process and guidelines.

“We expect this change to affect a small number of users. Still, we regret any impact this change — made as part of our work to comply with the DMA — will have on Home Screen Web Apps and our users,” Apple said.

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

Additionally, the ban on PWAs may limit access to crypto and web3 applications. PWAs are known for their ability to work on multiple platforms without needing to be installed from an app store, making them a prime tool for ensuring broad reach.

By restricting these apps, Apple may unwittingly reduce iOS users' adoption of new and existing Web3 technologies.

Crypto and Web3 fans speak

The decision did not go without its critics. Noones CEO Ray Youssef described Apple's move as:

“An Attack on Data and the Bitcoin Free Market.”

He urged the public to consider the wider implications of such policy changes.

“The issue is serious. It's time to challenge Apple! How long before Android follows? ”

Read more: 16 Best Web3 Wallet

Yusuf's call to action highlights growing concerns in the crypto community regarding app development and distribution on major platforms.

As the iOS 17.4 release date approaches, the crypto and web3 app ecosystem stands at a crossroads. Apple's ban on PWAs, while aimed at complying with the DMCA, poses significant challenges for developers. It can also stifle innovation in the sector.

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

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