Earlier this week, Elon Musk had claimed that Apple had threatened to block Twitter from the App Store, before clarifying that it was a misunderstanding following a meeting with Tim Cook.
Apple blocks Coinbase’s wallet from the App Store
The tech giant wants Coinabse Wallet to disable the feature to send non-fungible tokens. Apple wants its in-app purchasing system to handle transactions so it can get its share of gas fees.
Announcing Apple’s moves on Twitter, Coinbase Wallet wrote: “You may have noticed that you can no longer send NFT on Coinbase Wallet iOS. This is because Apple blocked the release of our latest app until we disabled the feature.”
You might have noticed you can't send NFTs on Coinbase Wallet iOS anymore. This is because Apple blocked our last app release until we disabled the feature. 🧵
— Coinbase Wallet 🛡️ (@CoinbaseWallet) December 1, 2022
Apple requires all App Store apps to be transacted through its in-app purchase system, for which it charges a 15% to 30% fee.
In 2021, the iPhone maker recorded no less than $64 billion in gross App Store sales. The company’s app store policies have been criticized by its industry rivals, who believe they are unsustainable.
“Somehow Apple has been singled out as the handiest organisation that tries to unilaterally manipulate what apps come to a device,” Zuckerberg said. “I don’t assume that is a sustainable or true location to be.”
And Coinbase Wallet’s management appears to have the equal opinion. “For everybody who is aware how NFTs and blockchain paintings, it is clean that this isn’t always feasible. Apple’s proprietary in-app shopping machine doesn’t guide cryptocurrencies, so we could not honor it even though we tried,” the agency wrote in a tweet on Thursday.
“It’s like Apple trying to deduct taxes from every email sent over the open Internet protocol.”
Twitter has also been blocked
Coinbase Wallet isn’t the first app to find itself on a collision course with Apple’s strict App Store policies. Earlier this week, Twitter’s new owner, Elon Musk, stated that the company was trying to block Twitter from the App Store.
In a lengthy thread on Twitter, Musk claimed that Apple did not explain the threats and added that the tech giant, which is Twitter’s largest advertiser, had stopped advertising on the platform.
However, after Wednesday’s meeting with Apple CEO Tim Cook, the situation was resolved, according to Musk’s tweet on Thursday.
“Good conversation. Among different things, we resolved the false impression about the possible removal of Twitter from the App Store. Tim was clear that Apple never intended to do this.”
However, the situation with Coinbase Wallet seems serious, rather than a misunderstanding. Unlike the Twitter case, which seemed no more than a “warning”. The latest version of the Coinbase Wallet app, which has features that allow users to send NFT, has been blocked.
The company likens Apple’s demands to those of a company that wants to “take a cut of the fees from every email sent over open Internet protocols.”
Coinbase Wallet complains that the hardest hit will be iPhone users who own NFTs, adding that the decision makes it “more difficult for them to transfer their NFTs to other wallets or gift them to friends or family.”
“In short, Apple has introduced new rules to defend its profits on the rate of purchaser funding in NFTs and developer innovation inside the cryptocurrency environment,” the employer wrote.
Apple asks Coinbase to disable NFT trading Coinbase said on the morning of Dec. 1 that Coinbase Wallet users using iOS will not be able to send non-fungible tokens (NFTs).
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