Coinbase Blames Apple For Disabling NFT Transactions – Crypto News – Crypto News
Connect with us
Coinbase Blames Apple For Disabling NFT Transactions Coinbase Blames Apple For Disabling NFT Transactions

Business

Coinbase Blames Apple For Disabling NFT Transactions – Crypto News

Published

2 years ago

on

In a major development, Coinbase Wallet has issued a statement where it states, Apple has blocked their latest app release, which has led to users not being able to send their NFTs. As per Coinbase, Apple has claimed that the gas required fees to send NFTs need to be paid through their In-App Purchase system, so that they can collect 30% of the gas fee.

Apple Vs. Coinbase

Coinbase, further went on to point out that, the demand by Apple is completely unjustified as it’s clearly not doable in practical terms. Apple’s proprietary in-app purchase system does not support crypto so Coinbase, could not comply even if they tried.

The “30 percent fee” has been a contentious point between the world’s most valuable company and other app developers like Spotify and “Fortnite” maker Epic Games, which have accused the company of misusing its “monopoly”.

Pratik has been a crypto evangelist since 2016 & been through almost all that crypto has to offer. Be it the ICO boom, bear markets of 2018, Bitcoin halving to till now – he has seen it all.

The content presented may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending