Earlier this week, Snapchat announced it had added a new feature, Snapcash, to its popular photo-sharing application. In the hopes of further monetizing the Snapchat platform, the company forged a partnership with Square, a widespread B2C payment service that Apple (AAPL) tried to acquire in early 2014 (click here to see how much Square turned down from Tim Cook).
Read MoreApple Approves First Bitcoin App
After a recent update to its iTunes policy for developers, Apple (AAPL) has decided to include Bitcoin-related applications, specifically those that promote in-app purchases, in its App Store. Apple was initially skeptical about iOS-based Bitcoin apps, but the newly implemented bylaws permit apps to use the virtual currency so long as they adhere to regional state and federal laws (click here to read more about why Apple must evolve to survive).
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