Coinbase, the leading cryptocurrency exchange, has made it impossible for users to purchase NFTs on their Apple devices with Coinbase’s Wallet app due to the change in Apple’s App Store policies.
Coinbase said in a tweet on Thursday that he knows people have noticed that they will no longer send NFTs in the version of Coinbase Wallet for iOS. In the continuation of the same tweet, he pointed out that Apple also received that they were forcing them to remove the NFT transfer option from the wallets in the iOS version of Coinbase.
According to Coinbase’s statement, if Coinbase continued to allow this transfer, Apple would have blocked the final application version, so they had to remove the NFT transfer feature.
The main reason Apple banned NFT transfers was that Apple wanted its own share.
As anyone in the crypto world well knows, some gas fees are required to transfer or sell NFTs. However, Apple claimed that these gas fees were supposed to be paid through the company’s proprietary in-app purchase system, not Coinbase. If this decision were accepted, it would be possible for Apple to receive 30% of gas fees.
However, according to Coinbase’s statement, removing NFT transfers from Apple devices was a much bigger problem than financial problems. More precisely, Apple has made it much more difficult for people with NFTs in their Coinbase wallet on an iPhone to transfer their NFT to other wallets, gifting them to a family member or friend. In other words, making NFT transfers at Apple was already challenging.
In addition to all these cases, it is unclear how the Apple team can deduct the in-app purchase system from fees for a digital asset that does not have a fixed value and is constantly changing according to relevant factors. To be honest, it is undefined whether Apple has such a hardware structure.