Apple’s New Coinbase NFT Shakedown Would Literally Tax Ethereum Trades And Transfers On iOS

Epic Software, makers of the popular Fortnite game, have been in aMost likely, this is simply a mistake from a low-level employee on the Apple app review team who does not understand crypto or NFTs, and Coinbase understands that, adding “we hope this is an oversight on Apple’s behalf and an inflection point for further conversations with the ecosystem ... Apple, we’re here and want to help.”

“I think you should go back and explain this again. It is likely that they misunderstood gas fees for buying NFTs,” he. “We have gone through 28 days of ‘to and fro’ and ultimately it boiled down to us explaining that users can not buy NFTs in Sweat Wallet.”

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Coinbase Disables Mobile NFT Trading, Citing Apple’s App Store PoliciesThe exchange made the announcement in a Thursday Twitter thread, saying Apple is demanding Coinbase pay a 30% tax on gas fees used to transfer all NFTs. coinbase Apple elitanjourno Apple wants 30% of gas fees. I’m sorry Apple, but gas fees don’t work like that. coinbase Apple elitanjourno solanamobile has a fix for that coinbase Apple elitanjourno At some point folks will need to vote with their wallet (haha) and stop buying Apple products for them to get the message on this kind of bad policy.
Source: CoinDesk - 🏆 291. / 63 Read more »