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Coinbase’s Brian Armstrong expresses opinion on Apple following harsh crypto restrictions on the App Store

Coinbase’s Brian Armstrong expresses opinion on Apple following harsh crypto restrictions on the App Store
  • Brian Armstrong, the chief executive officer of the Coinbase has recently given his thoughts on the strict policy Apple has taken against cryptocurrency and DeFi applications on its App Store. 
  • It has been a rough few weeks for Apple when it comes to criticism as the gaming community has been in an uproar following the delisting of the Fortnite video game. 

Brian Armstrong, the chief executive officer of the Coinbase has recently given his thoughts on the strict policy Apple has taken against cryptocurrency and DeFi applications on its App Store. 

It has been a rough few weeks for Apple when it comes to criticism as the gaming community has been in an uproar following the delisting of the Fortnite video game. With the announcement of Cryptocurrency restrictions on the App Store, the crypto community is showing a similar response.

Unless you are a developer yourself, you may not know that Apple charges developers a commission of 30% on the App Store and doesn't allow applications to have an alternative payment method, just like Google.

Taking to Twitter to express his views, Armstrong said that the Silicon Valley conglomerate applies the same bias to cryptocurrencies which has a big impact on innovation and can even hurt awareness of Cryptocurrency to iOS users.

“I greatly admire Apple as a company and think they build amazing products, but their restrictions on the app store, in particular around cryptocurrency are not defensible in my view and they are holding back progress in the world.”

It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!

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