[Thread] Coinbase says Apple “blocked our last” Wallet iOS app release until the exchange disabled sending NFTs, claiming Apple wanted a 30% cut from gas fees
You might have noticed you can't send NFTs on Coinbase Wallet iOS anymore. This is because Apple blocked our last app release until we disabled the feature. 🧵 Tweets: @coinbasewallet , @film_girl , @deitaone , @loopifyyy , @benjitaylor , @kgeorgee , @gakonst , @adamscochran , @219_eth , @xamanap , @panzer , @punk6529 , @realsidhujag , @jasonyanowitz , @cryptowendyo , @stockmktnewz , @brian_armstrong , @functi0nzer0 , @coinbasewallet , @coinbasewallet , @coinbasewallet , @coinbasewallet , @cobie , and @lopp Tweets: @coinbasewallet : Apple's claim is that the gas fees required to send NFTs need to be paid through their In-App Purchase system, so that they can collect 30% of the gas fee. @film_girl : This is obscene and should be illegal. Charging a 30% tax on purchases that don't leverage the App Store in any way is absurd. https://twitter.com/... @deitaone : COINBASE WALLET - APPLE'S CLAIM IS THAT GAS FEES REQUIRED TO SEND NFTS NEED TO BE PAID THROUGH IN-APP SYSTEM, SO APPLE CAN COLLECT 30% OF GAS FEE @loopifyyy : Apple blocked the latest Coinbase wallet update because they wanted “30% of the gas fees” that is used to transfer NFTs. Which is impossible. Benji Taylor / @benjitaylor : If this is true, this one of the dumbest things I've ever heard, and I say that as an Apple fan. https://twitter.com/... @kgeorgee : THIS IS HILARIOUS apple needs to take the 30% from Amazon app and all other apps for shopping too then yeah? Oh wait... @TimSweeneyEpic was right to challenge them before. Apple are crooks in white shirts https://twitter.com/... Georgios Konstantopoulos / @gakonst : note that any gas fee denominated rent is effectively selling blockspace, sounds like a valuable biz to be in https://twitter.com/... Adam Cochran / @adamscochran : Lmfao what? Apple, that is not how this works... It's not even technologically possible. How can a company that is so focused on getting every experience and tech advancement polished, repeatedly have horrible takes on blockchain? https://twitter.com/... @219_eth : why are you still supporting a collaborator like @apple? https://twitter.com/... @xamanap : Apple charging 30% of gas fees be like https://twitter.com/... https://twitter.com/... @panzer : Now that's funny https://twitter.com/... @punk6529 : JFC. If Congress wants to do something useful about tech power, prying open the app stores would actually be useful https://twitter.com/... Jagdeep Sidhu / @realsidhujag : Time to cancel apple? https://twitter.com/... @jasonyanowitz : Apple is going to force us all to buy the Solana phone https://twitter.com/... @cryptowendyo : We need our own decentralized phone and Dapps It's only going to get worse with Apple and G00gle https://twitter.com/... @stockmktnewz : COINBASE: TALKS WITH APPLE MONTHLY ABOUT ‘APP STORE MONOPOLY’ $COIN $AAPL Brian Armstrong / @brian_armstrong : Good example of the kinds of discussions we have with Apple on a monthly basis, to deal with their app store monopoly. It's gotten pretty absurd at times. https://twitter.com/... Laurence / @functi0nzer0 : Tim Apple what are you doing lmfao https://twitter.com/... @coinbasewallet : For anyone who understands how NFTs and blockchains work, this is clearly not possible. Apple's proprietary In-App Purchase system does not support crypto so we couldn't comply even if we tried. @coinbasewallet : Simply put, Apple has introduced new policies to protect their profits at the expense of consumer investment in NFTs and developer innovation across the crypto ecosystem. @coinbasewallet : This is akin to Apple trying to take a cut of fees for every email that gets sent over open Internet protocols. @coinbasewallet : The biggest impact from this policy change is on iPhone users that own NFTs - if you hold an NFT in a wallet on an iPhone, Apple just made it a lot harder to transfer that NFT to other wallets, or gift it to friends or family. @cobie : Sorry what lmao https://twitter.com/... Jameson Lopp / @lopp : Smells like desperation. How much of Apple's revenue is based upon their middleman cut of payments? https://t.co/DM0hrsjVWU