Cryptocurrency Q&A
Why did Apple block Coinbase?
Why did Apple block Coinbase?
Margherita
Sat Jun 08 2024
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6 answers
1630
Could you please explain to me the reason behind Apple's decision to block Coinbase? I'm quite puzzled about this move, as both Apple and Coinbase are highly regarded companies in their respective industries. Was there a specific policy violation that prompted this action? Or perhaps some sort of technical issue? I'd really appreciate it if you could shed some light on this matter for me. Thank you.
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6 answers
henry_grayson_lawyer
Sun Jun 09 2024
Cryptocurrency and finance have witnessed remarkable advancements in recent years, with innovative platforms and services constantly emerging. Among these, Coinbase Wallet stands out as a popular choice for crypto enthusiasts. However, the recent news of Apple blocking its latest iOS app release has sparked widespread concern.
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EchoWhisper
Sun Jun 09 2024
BTCC's wallet service, in particular, offers a secure and convenient way to store and transact cryptocurrencies. It allows users to easily send and receive digital assets, while also providing additional features such as staking and lending.
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DondaejiDelightfulCharm
Sun Jun 09 2024
The blocking of Coinbase Wallet by Apple highlights the complexities and challenges facing the crypto industry. As the sector continues to evolve, it's crucial that regulatory frameworks and platforms adapt to ensure the safe and secure operation of crypto services.
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WhisperEcho
Sun Jun 09 2024
The reported reason behind Apple's decision is the transaction fees associated with the transfer of Non-Fungible Tokens (NFTs). Apple claims that these fees must go through its In-App Purchase system, which typically involves a commission for the iPhone maker.
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CryptoEnthusiast
Sun Jun 09 2024
This decision has raised eyebrows in the crypto community, as it seems to infringe on the decentralized nature of cryptocurrencies. Many see it as a move by Apple to assert control over a rapidly growing industry, potentially stifling innovation.
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