Mock Bitcoins are displayed on a table in an illustration picture
Apple now allows coin Pocket-Bitcoin Wallet lets users create bitcoin wallets and transfer the virtual currency Reuters

Following Apple's decision to update it's App Store guidelines to allow for transactions of "approved" cryptocurrencies, a new bitcoin wallet app has been launched called Coin Pocket to allow iOS users send and receive cryptocurrency.

The application is available for download now from the App Store and can be used by both iPhone and iPad users.

There have previously been bitcoin wallet apps available on the App Store - such as Coinbase and Blockchain - but these were removed by Apple as the tech giant worked out how to deal with the growing interest in these cryptocurrencies.

Apple recently updated its App Store Review Guidelines to allow for transactions of "approved" cryptocurrencies:

"Apps may facilitate transmission of approved virtual currencies provided that they do so in compliance with all state and federal laws for the territories in which the app functions."

Apple Changes Privacy Policy: New Coin Pocket Bitcoin Wallet App Allows Bitcoin Transfer

Making good on the promise, Apple has now released Coin Pocket with the feature set of the new app being similar to those available previously through Coinbase and Blockchain.

Coin Pocket offers simple send and receive functions as well as getting live bitcoin prices from three different sources. It also offers a nice function where you can quickly add bitcoin funds from other wallets into your Coin Pocket wallet.

Following Apple's update to its App Store guidelines the race to get fully-featured apps submitted and approved will be on, with Coin Pocket's developers wanting to win the race to be first by releasing a wrapper of a previously available HTML5 version of Coin Pocket.

Coin Pocket is not the only app to appear in the App Store with support for bitcoin. The eGifter app has been updated (version 3.1) to accept bitcoins. eGifter lets people shop for gift cards, and allows users to choose from more than 200 gift-card brands.