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Apple announces developers tool CryptoKit: Are iPhone crypto wallets soon available?

Maya Mandzikasvili | Jun. 5, 2019
Apple announces developers tool CryptoKit: Are iPhone crypto wallets soon available?

June 5, 2019, | AtoZ Markets - Following the latest Samsung S10 Crypto Wallet smartphone introduction, Apple announces developers tool CryptoKit. Does the announcement allude the possibility that the company may soon introduce iPhone crypto wallets?

Apple announces developers tool CryptoKit

According to the overview on the official Apple for developers website, the new framework, dubbed as CryptoKit will allow programmers to perform different cryptographic operations including:

  • Compute and compare cryptographically secure digests.
  • Use public-key cryptography to create and evaluate digital signatures, and to perform the key exchange.
  • Generate symmetric keys, and use them in message authentication and encryption.
  • Use private keys stored in and managed by Apple’s Secure Enclave.

The company’s announcement states that the CryptoKit will help developers to perform crypto-related operations securely and efficiently and to be integrated into iOS apps.

The media reports that Cryptokit was revealed quietly, on Apple’s website but is scheduled to be unveiled at the Worldwide Developers Conference (WWDC) on June 5.

Should community expect iPhone crypto wallets to be released soon?

Although it seems too early to say whether Apple plans to releases iPhone crypto wallets, the social media community has already started discussing this possibility.

For example, Viktor Radchenko, the founder of TrustWallet, said in his Twitter, that Apple’s newest addition to iOS 13 means it could have full hardware wallet functionality in the future.

It also worth to mention that the launch of CryptoKit coincided with information leaking out on Twitter about Apple incorporating Bitcoin’s symbol on their icon set.

Notable, that crypto community, in a certain point, links Apple’s CryptoKit initiative with New Samsung S10 Crypto Wallet smartphone release. In February 2019 the South Korean tech giant, unveiled a slew of new products among which was the new Galaxy S10 smartphone. A few months later since the crypto wallet smartphone introduction, Samsung announced its plans to expand the application of blockchain and cryptocurrency functions, to other Galaxy models such as the budget Galaxy phones.

Rumor has it that the company also plans to integrate crypto payments into Samsung Pay.

Obviously, Apple will not want to lag behind when it comes to the introduction of cryptocurrency. It is possible that the expectations of the Apple community might soon come true.

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Disclaimer: The views and opinions expressed in this article are solely those of the author and do not reflect the official policy or position of AtoZ Markets.com, nor should they be attributed to AtoZMarkets.