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Apple refuses to encrypt wallet Coinbase Wallet app updates because it does not use the internal purchase channel.

2025-01-31 Update From: SLTechnology News&Howtos shulou NAV: SLTechnology News&Howtos > IT Information >

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CTOnews.com news on December 2, although non-homogenized tokens (NFT) are being accepted by more and more people, they are very popular in cryptocurrency / blockchain circles. But Apple is not open to this, recently refused to update the Coinbase Wallet app because of NFT problems.

Coinbase Wallet's official Twitter account reported that app updates submitted to Apple had been rejected, and Apple asked developers to disable the ability to send NFT in the app. Apple said that the fee charged for transferring NFT assets must go through the in-app purchase system stipulated by App Store, from which Apple needs to take a 30% commission.

Coinbase Wallet does not agree with Apple's official reason that Apple's in-app purchase system does not include a cryptocurrency. CTOnews.com has learned that Apple's in-app purchase system does not support cryptocurrency settlement, so Coinbase Wallet believes that a 30% commission should not be charged.

Coinbase Wallet believes that Apple's obstruction makes it difficult for iPhone users to transfer NFT assets to other wallets or even give them to friends and family as gifts. Last month, Apple updated its App Store guidelines to set new rules for apps with NFTs. The new guidelines make it clear that third-party applications cannot "guide customers to use purchase mechanisms other than in-application purchases".

CTOnews.com learned that Coinbase is a growing provider of bitcoin wallets and trading services, headquartered in San Francisco, the world's largest consumer bitcoin wallet and the first regulated bitcoin exchange in the United States. Coinbase Wallet is a self-hosted mobile encrypted wallet and Web3 decentralized Application (Dapp) browser that helps you control your cryptocurrency, NFT, DeFi activities, and digital assets.

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