Coinbase CEO Says Apple Still Hostile Toward Crypto

Contents

Coinbase CEO Says Hostile ...

Coinbase CEO says Apple is hostile to cryptocurrency market
CONTENT

  • Coinbase finds Apple hostile to cryptocurrency market

  • Apple fears losing monopoly status if in-app payment controls are relaxed

  • Apple giant recognizes the potential of virtual currencies, but is not yet ready for convergence

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Amid the scandal surrounding the Apple monopoly, the head of the cryptocurrency exchange Coinbase shared his opinion on the attitude of the apple giant to the cryptocurrency market

The most expensive American company Apple is still hostile to the cryptocurrency market.

The head of the Coinbase cryptocurrency exchange Brian Armstrong wrote about this on his Twitter page..

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Armstrong claims that the apple monopoly in the US smartphone and tablet market has long remained hostile to any cryptocurrency-related applications..

Market greed

According to him, Apple still blocks the functionality of many crypto / blockchain applications for placement in the App Store..

“Apple has been highly restrictive and hostile to cryptocurrencies over the years..

Coinbase CEO Says Hostile ...

They still block some features, including the ability to make money with cryptocurrencies by completing tasks, and unlimited dApp browsers, ”wrote Armstrong..

The statement by the head of Coinbase comes in response to a message from the founder of the RunKit project Francisco Tolmaski, who criticized Apple for excessive requirements for placement in the App Store.

“Just for those wondering: egregious AppStore policy violations for which browsers will be rejected include: running external code, allowing payments bypassing Apple IAP, allowing access to NSFW content,” Tolmasky wrote..

“Potential technology”

Despite the fact that earlier Apple Pay VP Jennifer Bailey admitted that the company is following the development of cryptocurrencies, because “the technology has far-reaching prospects”, the American giant still has an ambiguous policy of placing not only crypto applications, but also games in the App Store.

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The policy is so ambiguous that lawsuits have already been filed against the company from one of the largest game publishers Epic Games, and the Telegram messenger filed a complaint with the European Commission, accusing the App Store of “non-competitive working conditions”.

However, the dissatisfaction with the consumer market does not seem to be much worried by Apple’s management, given the fact that the company’s market capitalization recently stepped over the $ 2 trillion mark with a share price of $ 497.48..

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Coinbase CEO Says Hostile ...

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