Your Web News in One Place

Help Webnuz

Referal links:

Sign up for GreenGeeks web hosting
December 1, 2022 08:59 pm

Coinbase says Apple forced it to remove NFT transfers from its iOS wallet




Illustration of the Coinbase wordmark on a teal, blue, and black background with circular patterns.
Illustration by Alex Castro / The Verge



Coinbase has accused Apple of forcing it to remove NFT transfers from its Wallet app on iOS. On Thursday, it tweeted that Apple “blocked our last app release until we disabled the feature” because the iPhone maker wanted the blockchain fees associated with an NFT transfer to go through its in-app purchase system, giving it a 30 percent cut.


According to Coinbase, it’s impossible to make that happen for a variety of reasons, with one important one being that Apple’s system doesn’t support paying in crypto.


While some NFT marketplaces let you purchase the digital tokens using traditional fiat currency like the US dollar, the fees Coinbase is talking about are a different matter entirely. On blockchains like Ethereum, which many NFT...



Continue reading…




Original Link: https://www.theverge.com/2022/12/1/23488448/coinbase-ios-wallet-app-apple-nft-fees-in-app-purchase-store

Share this article:    Share on Facebook
View Full Article

The Verge

The Verge is an ambitious multimedia effort founded in 2011

More About this Source Visit The Verge