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THE WORLD OF CRYPTOCURRENCY AT YOUR FINGERTIPS

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Apple is limiting some of the DeFi and Crypto Features Available on the Coinbase App

Recent reports indicate that Apple has censored some of the crypto and DeFi features available on the Coinbase app.

The Blocked Features

iOS users can no longer earn using their crypto in the Coinbase app. Additionally, they cannot access DeFi apps offered via Coinbase.

On September 11, 2020, the Coinbase CEO Brian Armstrong had listed the struggles they were facing when dealing with Apple Inc. According to a Twitter thread by Armstrong, Apple had blocked Coinbase from adding the ability of users to earn money from their crypto and the ability to access DeFi apps.

He said that they had tried to hold talks on the issues with Apple but they had not received any response. Armstrong was critical of the decision to prevent iOS users from earning using their crypto, especially during the COVID19 crisis. He noted that there were many underbanked and unbanked people globally who could not access loans to start businesses or buy a home.

Armstrong tweeted that Apple had blocked Coinbase from offering DApps to its users on iOS. According to Apple, the Coinbase app was offering crypto transactions in non-embedded software inside the app, which was not appropriate for the App Store. Armstrong countered by saying that DApps were essentially just websites. As a result, he concluded that Apple was blocking Coinbase from offering users a list of sites that they could visit via their app.

What Experts Had to Say

Commenting on the issues, a digital asset strategist, and director at Vaneck and MVIS said that the App Store was a property of Apple and it was not a public utility. He noted that Apple had a right what app to list in the same way that Coinbase had discretion on what coins to list.

Armstrong concluded his Twitter thread by comparing what Apple was doing to what Microsoft had been doing when they forced users to use Internet Explorer. He noted that caused Microsoft numerous antitrust problems. In the final tweet in the thread, he told Apple it was time they stop stifling innovation in the crypto sector.

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