Crypto exchange Coinbase says Apple has shut down the ability for users to send NFTs because it can't collect the 30% in-app fee
Coinbase Global disabled its mobile wallet's non-fungible token transfers for users on Thursday, citing discrepancies over Apple's store policies. "This is because Apple blocked our last app release until we disabled the feature."
Coinbase added that Apple's policies"protect their profits at the expense of consumer investment in NFTs." Apple wants 30% of all NFT transfer gas fees to be paid through their In-App Purchase system, according to Coinbase, which likened it to taking a cut of fees for every email that goes over open Internet protocols.
But it would be impossible for Coinbase — or any company that utilizes blockchain technology — to comply with such a request. Apple's mobile store can typically charge up to 30% commission on in-app purchases, but gas fees don't occur within the app. Gas fees, which are the charge a user pays to perform a function on a blockchain, keep its network running. Therefore, you can't pay for gas fees using Apple's software."For anyone who understands how NFTs and blockchains work, this is clearly not possible," Coinbase said.
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