Bitcoin wallet iOS jailbroken

Apple has decided to estrange itself to the Bitcoin community — the company has denied a number of apps entry to its App Store for having Bitcoin functionality. Some say it's due to the unclear regulatory issues surrounding the currency.

Regardless, the takeaway is clear — no Bitcoin apps for non-jailbroken iOS users in the foreseeable future.

Kyle Drake is asking the Internet for $55, 000 in this Indiegogo campaign to build Coinpunk, an HTML 5 Web app that runs in Safari, Chrome, Firefox, and others to handle all your Bitcoin transactions. By making it platform-agnostic and Web-based, entities like Apple won't be able to block it.

Drake seems to already have a barebones version working. Check out his pitch video below to see him use Coin Punk to buy a Subway sandwich with Bitcoin.

In exchange for your monetary support, Drake is offering stickers, posters, and other perks. But where will that $55, 000 go? They explain on their page:

We will use the funds to help developers working on Coinpunk pay living expenses, pay server and development bills, improve coinpunk.com, fund improvements to watch-only address support, and conduct security audits. All of the funds will be stored in a cold wallet Bitcoin address, and we will document where Bitcoins are sent and why (and you will be able to confirm it via blockchain inspection).