The CEO of the digital forex exchange Coinbase says Apple is hampering the adoption of Bitcoin (BTC) and different cryptocurrencies.
In line with Brian Armstrong, the tech big has not been very welcoming of alternatives that contain cryptocurrencies.
“Apple has been very restrictive and hostile to cryptocurrency over the years. They’re still blocking some functionality right now, including the ability to earn money with cryptocurrency by completing tasks, and unrestricted dApp browsers.”
In a sequence of tweets, Armstrong reveals Coinbase’s battles with Apple’s App Retailer restrictions.
“Here is the issue. Apple has told us we cannot add the following functionality in our iOS apps: (1) the ability to earn money using cryptocurrency and (2) the ability to access decentralized finance apps (sometimes called DeFi apps or dApps).”
Armstrong additionally notes that Apple is making the crypto exchange leap via hoops to adjust to the tech big’s tips which negatively impacts consumer expertise. In line with the Coinbase head, Apple is holding again world progress by prioritizing self-interest.
“Apple also has a conflict of interest in applying these app store restrictions. While they are ostensibly designed to protect customers, it increasingly looks like they are also protecting Apple from competition.”
Armstrong reminds Apple of what occurred to Microsoft when it compelled Home windows house owners to make use of the corporate’s personal internet browser.
“Forcing users to use the App Store instead of dApps (websites), or IAP (In-app purchase API) instead of crypto payments, reminds me of what Microsoft did back in the day (forcing users to use IE if you were on Windows) which led to all their antitrust issues.”
In the long run, the Coinbase government gave Apple a visit down reminiscence as an instance how Bitcoin is just not so completely different from the tech big’s personal beginnings.
“Remember that small group of enthusiasts and misfits at the homebrew computer club who saw a glimpse of the future in the Apple II? Big ideas sometimes start off looking like toys. That is exactly where Bitcoin was just a few short years ago, and a major transformation in financial services is now underway.”