• Mon. Apr 22nd, 2024

Apple Has Prohibited Payment Ways Except For App Store

Alvin Hayes

ByAlvin Hayes

Dec 4, 2022

According to reports, Apple has prevented the iOS update of the Coinbase Wallet app until the sending of NFTs has been turned off.

According to Coinbase Wallet, Apple asserts that the gas costs associated with sending non-fungible tokens must be covered by their In-App payment service in order for them to be eligible to receive 30% of the gas fee. 

Apple’s move was foreseen by the co-founder of Solana

According to Austin Federa, the communications director for the Solana Foundation, co-founder Anatoly Yakovenko foresaw this significant move by Apple, according to a recent tweet from Degen News.

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In response to the recent hack of the Coinbase wallet, Federa asserts that it wouldn’t be unexpected if Google followed suit the following day and urges developers to think of a workaround for these hiccups.

Coinbase claims that the action disadvantages NFT investors. Apple’s action has received open opposition and criticism from Coinbase. 

NFT-equipped iPhone users make use of those who will be impacted by this argumentation alteration. Apple has significantly increased the difficulty of transferring NFTs to different wallets. 

NFT-related apps reportedly face Apple’s blocking

Requests that stock or display NFT tokens are banned by the Apple Store rules, according to the company report. Apple claims that applications can send, list, create, and create NFTs (Non-Fungible Tokens), and clients can see their NFTs.

Ownership of an NFT should not, however, grant people a method to extra app features. Customers of these applications can look for additional accumulations, but they won’t see any outside links or other methods for NFT acquisitions. NFTs are only available for purchase through Apple’s in-app payment system.

Apps must not use proprietary mechanisms to unlock content or functionality, including license supplies, computer universe markings, QR links, and crypto trading accounts.

The functionality of his Web3-based applications in the company’s system will be significantly impacted by these changes, an industry expert noted.

They might have used NFTs in the past to serve as keys or tokens to customers who wish to get everything without paying for Apple’s App Store.

Alvin Hayes

Alvin Hayes

Alvin Hayes is a seasoned news writer known for his engaging storytelling and thorough research. With a commitment to accuracy and a captivating writing style, his articles provide readers with insightful and well-rounded perspectives on current events.

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