Tech

Coinbase CEO Calls Out Apple For Stirring Antitrust Issues With ‘Crypto-Unfriendly’ App Store Rules


Coinbase CEO Brian Armstrong is annoyed with Apple’s rather cynical approach to the crypto space. Speaking recently on a podcast, Armstrong said that Apple’s App Store rules currently disallow a wide range of features offered by crypto apps like Coinbase. Highlighting the unfair treatment, Armstrong called Apple’s resilience to crypto-centric apps a trigger point for “potential antitrust issues.” Cryptopreneur also said that smartphone manufacturers must start preparing to build crypto-specific hardware features on their devices.

Armstrong spoke on a podcast with Indian YouTuber Tanmay Bhatt during his recent visit to India. The Coinbase CEOalong with other senior members of his team, met with startup founders, content creators and others from India’s crypto community earlier this month.

“Apple hasn’t really played well with crypto so far, they actually banned a bunch of features that we wanted in the app, but they won’t allow that – so there could be antitrust issue there”, 39 -years old Coinbase chief said in the episode, which aired recently.

While Apple has yet to react to Armstrong’s views, the company has indeed maintained a distance from the crypto industry despite a number of other tech players jumping in. Web3-wagon.

In October last year, Apple CEO Tim Cook has said that the iPhone-making tech giant doesn’t want to integrate cryptocurrency or related features with its products or services anytime soon.

At that time, 61 years old tech tycoon also revealed that he, himself, is a crypto holder]but that Apple has nothing to do with his personal investment choices.

Currently, Apple Pay is not supported electronic money transactions. iPhones and other Apple products are not sold to profit from cryptocurrency, and as Armstrong pointed out, Apple App Store There is also resistance to supporting crypto applications. Cryptocurrency wallet apphowever, is available on the App Store.

However, Cook said, the crypto space is definitely something the company is looking at and analyzing.

In September 2019, Jennifer Bailey, Vice President of Apple Pay, reported revealed that the iPhone maker is eyeing the crypto space and sees cryptocurrencies as an asset with “interesting long-term potential.”

Meanwhile, Armstrong expressed frustration with Apple for hindering the potential of Coinbase products.




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