Apple forces Coinbase Wallet to drop iPhone NFT transfers or pay Apple a commission

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Apple forces Coinbase Wallet to drop iPhone NFT transfers or pay Apple a commission

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Cryptocurrency exchange Coinbase announced that it has disabled NFT transfers on its iOS app because of the App Store’s strict in-app purchase policy.

On Twitter, Coinbase wrote that Apple was demanding payments for gas fees using the App Store’s in-app purchase system, meaning Apple would get a 30% commission on the fees.

“For anyone who understands how NFTs and blockchains work, this is clearly not possible,” Coinbase wrote. “Apple’s proprietary In-App Purchase system does not support crypto, so we couldn’t comply even if we tried.”

In response to the decision, Coinbase Chief Legal Officer Paul Grewal tweeted: “When someone imposes rules that can’t be followed, you should ask why.”

The Coinbase-Apple feud is the latest between Apple and the NFT community. In October, the tech giant refused to exempt NFT trading from the 30% commission on in-app purchases. The commission is the reason NFT marketplaces like OpenSea do not allow NFT trading on their iOS mobile apps.

Elon Musk has recently criticized the App Store policy, calling it a “hidden tax.” The Twitter owner also said that Apple had threatened to withhold Twitter from the App Store.

If you’re tired of censorship, cancel culture, and the erosion of civil liberties subscribe to Reclaim The Net.

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