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Apple has blocked the latest version of Coinbase Wallet and asked to comply with a policy of “sharing” 30% of NFT transaction fees.
Exchange Coinbase has disabled NFT transfer functionality on its iOS wallet app, because of a dispute with Apple over its purchasing policy.
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
Accordingly, the tech giant asked Coinbase to “pay a tax” of 30% of gas fees from NFT transactions. Coinbase voiced its grievances:
“If you understand how NFTs and blockchains work, this is obviously impossible. Apple’s proprietary app purchase system doesn’t support crypto payments, so we can’t comply even if we try.
This is like Apple trying to cut fees for each email sent over open Internet protocols. Users who hold NFT wallets on iPhones will now find it more difficult to transfer digital assets.”
This is the latest controversy in a months-long saga between Apple and the NFT community. In October, Apple began limiting NFT trading beyond apps on the App Store.
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MetaMask developer and former Apple software engineer Dan Finlay condemned Apple’s decision today:
“Oh, I suppose MM and every other wallet will be treated the same way. I’m ready to ‘dump’ the Apple ecosystem. The 30% tariff is a monopoly abuse.”
Recently, Apple also declared war on Elon Musk’s Twitter when threatening to “kick” this popular social network from the App Store, but the two reconciled and Musk confirmed that this was just a misunderstanding.
Source: Coin68
