Apple Blocks NFT Transfers From Coinbase Wallet App on iOS

 Coinbase has stopped NFT transfers from its wallet app on iOS after being left with no choice by Apple. The US-based crypto exchange made the announcement via a tweet on December 1, citing Apple’s unreasonable demands for the decision.   

The exchange claims that Apple blocked its latest app release until it disabled the NFT transfer feature. The bone of contention is the blockchain fee that is charged for any NFT transfers. Apple wants a 30% cut on the fees, so it required the transfers to go through its in-app purchase system.  

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.

— Coinbase Wallet (@CoinbaseWallet) December 1, 2022

However, that is problematic for several reasons. First, the Apple system doesn’t support crypto payments. Blockchain fees are paid using the network token. So an NFT operating on..

read more...

Comments

Post a Comment

Popular posts from this blog

Fertility MD Loses Round In Trade Secrets Legal Fight

  A Texas appellate court has shot down a fertility doctor’s appeal of a lower court’s refusal to dismiss her former employer’s successful bid to block her from using any of its confidential business information.  A Texas appellate court has shot down a fertility doctor’s appeal of a lower court’s refusal to dismiss her former employer’s successful...          read more....
Read more