Coinbase Explains Why NFT Transactions Are Crashing On Apple Devices!

Coinbase Explains Why NFT Transactions Are Crashing On Apple Devices!

The content site is one of the sites that provide the service of answering general questions and solving puzzles and crossword puzzles

Where the content site is primarily interested in answering your questions in all areas, including solving puzzles and crossword puzzles

Answer Coinbase Explains Why NFT Transactions Are Crashing On Apple Devices!

In an exciting and arguably significant development, Coinbase has claimed that Apple blocked the latest version of its wallet, causing users to be unable to transfer their own NFT tokens.

According to Coinbase, Apple claimed that the gas fee required to send the NFT must be paid through the in-app purchase system, so they can charge 30% of the fee.

Apple wants its share of the pie:

Coinbase further noted that Apple’s request was completely unjustified because it was clearly not feasible.

Read:China continues to test the digital yuan “CBDC” and announces the initiation of a new measure

Since Apple’s proprietary in-app purchase system does not support crypto, Coinbase cannot comply even if they try.

The spat between Coinbase and Apple comes at a difficult time for the cryptocurrency trading platform, whose shares are down about 80% so far in 2022.

In addition, the company reduced its workforce as a cost-cutting measure in response to the decline in investor interest in cryptocurrency.

Apple’s monopoly is worrying:

The team behind the app notes that Apple has introduced policies to protect profits that come at the expense of developer innovation across the crypto ecosystem.

Coinbase hopes this is a mistake and has tweeted an invitation to Apple to discuss the matter further.

The 30% fee has been a point of contention between the world’s most valuable company and other app developers like Spotify and “Fortnite” maker Epic Games, who have accused the company of abusing its monopoly.

Elon Musk and Apple:

Recently, the electronics giant also took strong steps against the Twitter platform by shutting down its advertising activities on Twitter completely.

Elon Musk sarcastically suggested that Apple may have been against freedom of speech and therefore planned to drop its advertising on the social media platform.

Read:Bitcoin Close to $60K Due to ETF Futures…Details Here

After that, Elon Musk accused Apple and told that it was threatening to remove the Twitter app from their App Store.

Last Monday, Musk wrote on Twitter that Apple is threatening to block Twitter from its App Store, without specifying the reasons.

On Wednesday, Musk met with Apple CEO Tim Cook, and shared a video of Apple’s headquarters.

He claimed that the situation was resolved between the two and that the fact that Twitter was likely removed from the App Store was just a misunderstanding.

According to Musk, Apple never thought of him in the first place.

Read also:

Indications suggest the return of large investors to the crypto market…details here

Is there any chance for Avalanche (AVAX) to be a major killer of Ethereum?

And you can ask questions on the content site through the word “Ask a question” at the top of the site, where we answer your questions in a short time

Previous post
Crypto project Chainlink announces the launch date for its staking service
Next post
Bitcoin miner sales in Russia rise in Q4 2022