Apple to create virtual currency ‘iMoney’

June 19, 2013 in News, Virtual currency

By William McCanless. June 7, 2013 (

Yesterday, the U.S. Patent and Trademark Organization published a patent application from Apple for – wait for it – iMoney. Apple looks to get into the digital currency game in a way similar to Amazon Coins. The patent is a combination of virtual currency and digital wallet technology. It allows users to store money in the cloud and make payments with their iPhone.

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