By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Sign In
Web3,Blockchain & Metaverse Education Media PlatformWeb3,Blockchain & Metaverse Education Media Platform
  • Home
  • News
    • Cryptopedia
      • Blockchain News
      • Bitcoin News
      • Ethereum News
      • Altcoin News
    • Latest Metaverse & NFT News
      • Metaverse & NFT Games
      • Virtual Land
    • Exchanges News
    • Policy & Regulation
  • NFT Collection
    • NFT Review
    • Game Review
    • Submit NFT Project
  • Press Release
    • Sponsored Article
    • Submit Press Release
  • Interviews
    • Opinion
  • Web Stories
  • Expert Alliance
    • About Expert Alliance
    • Expert Alliance Benefits
    • Experts List
    • Apply for Expert Alliance
  • Guide
  • Videos
  • Events
    • Metaverse Events
Search
  • Advertise with us
  • Media Kit
  • 365 Media Plan
  • Submit Press Release
  • Submit NFT Project
© 2022 NFTStudio24.com News Network. All Rights Reserved.
Reading: Coinbase vs. Apple: in-app NFT transfers disabled on iOS
Share
Web3,Blockchain & Metaverse Education Media PlatformWeb3,Blockchain & Metaverse Education Media Platform
Search
  • Home
  • News
    • Cryptopedia
    • Latest Metaverse & NFT News
    • Exchanges News
    • Policy & Regulation
  • NFT Collection
    • NFT Review
    • Game Review
    • Submit NFT Project
  • Press Release
    • Sponsored Article
    • Submit Press Release
  • Interviews
    • Opinion
  • Web Stories
  • Expert Alliance
    • About Expert Alliance
    • Expert Alliance Benefits
    • Experts List
    • Apply for Expert Alliance
  • Guide
  • Videos
  • Events
    • Metaverse Events
Have an existing account? Sign In
Follow US
  • About us
  • Advertise with us
  • Media Kit
  • 365 Media Plan
  • Submit NFT Project
  • Careers
  • Contact us
  • Privacy Policy
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
HOME > News > LATEST NFT NEWS & METAVERSE > Coinbase vs. Apple: in-app NFT transfers disabled on iOS
LATEST NFT NEWS & METAVERSENews

Coinbase vs. Apple: in-app NFT transfers disabled on iOS

news room
Posted news room December 3, 2022 104 Views 2 Min Read
Updated 2022/12/03 at 4:54 PM
NFTStudio24 Coinbase vs. Apple in app NFT transfers disabled on iOS
SHARE

Coinbase announces it has disabled NFT transfers and other features from its Wallet on the iOS Store. Apple’s new policy regarding in-app purchases where it deducts 30% of earnings from blockchain-based applications has become the new enemy of the Web3 world. 

Coinbase vs. Apple

Coinbase came on Twitter to share that Apple’s in-app purchase system is unsuitable for cryptocurrencies. Although fiat currency purchases are quite common, with NFTs and blockchain, it’s a whole different story. In other words, the world’s richest phone company has adopted an anti-NFT move, preventing mass adoption among iOS users.

The best way to explain why this is unfair is if a person wants to gift an NFT to their friend, blockchain incurs a gas fee to transfer the digital collectible but Apple cuts 30% from that fee. 

“Apple’s proprietary In-App Purchase system does not support crypto so we couldn’t comply even if we tried,” the Coinbase team tweeted. 

Coinbase
Source: Coinbase

This is because the gas fee is highly influenced by a variety of situations such as traffic on transactions; there’s no fixed fee for any NFT transfer, but the policy of Apple is stagnant, which can cause a huge loss to the wallet. 

“Apple has introduced new policies to protect their profits at the expense of consumer investment in NFTs and developer innovation across the crypto ecosystem,” the team added.

Following the situation, Apple hasn’t said anything regarding its policy. However, the Coinbase Wallet is still available on iOS App Store for download. 

TAGGED: Apple, iOS, NFT transfers disabled

Sign Up For Daily NFT Drops

Don't miss the next NFT drops!!!
I have read and agree to the terms & conditions
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article NFTStudio24 Ankr faces multi million loss in aBNB token exploit Ankr faces multi-million loss in $aBNB token exploit
Next Article NFTStudio24 Porsche to debut NFT collection BMW files for metaverse trademark Porsche to debut NFT collection, BMW files for metaverse trademark
Leave a comment

Leave a Reply

You must be logged in to post a comment.

Don’t miss the NFT Drops! Sign up Now

I have read and agree to the terms & conditions

Latest News

Premier League to unveil NFT trading cards with Sorare 2
Premier League to unveil NFT trading cards with Sorare 
LATEST NFT NEWS & METAVERSE News February 1, 2023
Ordinals Protocol jolts controversy over Bitcoin NFTs 1
Ordinals Protocol jolts controversy over Bitcoin NFTs
LATEST NFT NEWS & METAVERSE News February 1, 2023
maxresdefault 1
Metaverse is the Web3’s killer app: Interview with Barn & Edward
INTERVIEW February 1, 2023
Join us
Ad imageAd image

You Might also Like

Premier League to unveil NFT trading cards with Sorare 2
LATEST NFT NEWS & METAVERSENews

Premier League to unveil NFT trading cards with Sorare 

February 1, 2023
Ordinals Protocol jolts controversy over Bitcoin NFTs 1
LATEST NFT NEWS & METAVERSENews

Ordinals Protocol jolts controversy over Bitcoin NFTs

February 1, 2023
Amazon embraces NFTs new games initiatives coming soon
LATEST NFT NEWS & METAVERSENews

Amazon embraces NFTs, new games & initiatives coming soon

January 31, 2023
SEC rejects Ark and 21Shares Bitcoin ETF Proposal again
LATEST NFT NEWS & METAVERSENews

SEC rejects Ark and 21Shares’ Bitcoin ETF Proposal again

January 31, 2023
//

NFTStudio24 delivers the latest NFT news to its global audience. We are committed to reporting mainstream and emerging talent via exclusive press releases, podcast interviews, NFT rankings, and much more.

GET IN TOUCH

  • About us
  • Advertise with us
  • Media Kit
  • 365 Media Plan
  • Submit NFT Project
  • Careers
  • Contact us
  • Privacy Policy

Experts Alliance

  • Experts Alliance
  • About Alliance
  • Alliance Benefits
  • Membership requirements
  • Apply Alliance
//

Subscribe to our newsletter to get our newest articles instantly!

I have read and agree to the terms & conditions
Web3,Blockchain & Metaverse Education Media PlatformWeb3,Blockchain & Metaverse Education Media Platform
Follow US

© 2022 NFTStudio24.com News Network. All Rights Reserved.

Removed from reading list

Undo
Join us metaverse Join us metaverse
Welcome Back!

Sign in to your account

Register Lost your password?