the crypto community frowns on 30% tax

Sun 04 December 2022 ▪ 21:00 ▪
3
my read – by
Mikaia ANDRIAMAHAZOARIMANANA

However, he was one of the scholars of the apple brand before. Having co-founded and developed the free crypto-wallet MetaMask, he did not hesitate to attack Apple, which had just blocked Coinbase Wallet iOS due to disapproval of the new NFT transfer features.

Apple sows controversy with its 30% tax

MetaMask co-founder stands up to Apple

Oh, I will definitely stick together here [MetaMask] and all other wallets [crypto] is next. I’m ready to ditch the Apple ecosystem. The 30% tax is an abuse of monopoly. Tim Cook is wearing the Big Brother costume. »

The tweet linked to this post is by Coinbase Wallet. Here is its translation:

You may have noticed that you can no longer send NFTs to Coinbase Wallet iOS. This is because Apple has blocked our latest version of the app until we disable this feature. »

According to Decrypt, Coinbase had the support of the co-founder of MetaMask after receiving the injunction from Apple. Stripping the Coinbase Wallet of its NFT exchange and transfer functionality and imposing a 30% tax on it is in a way a declaration of war. However, Apple’s current situation does not allow imposing this tax, it is not blockchain friendly at all.

The situation makes Finlay aware of the future of MetaMask in the App Store. Therefore, he calls on the crypto community to stick together:

We are disappointed to hear news that app stores are becoming strict gatekeepers, which is not only an obstacle to growth, but an opportunity for censorship. We believe that as a community we should come together to find a sustainable solution so that end users can continue to have freedom of action and technology can flourish. »

Coinbase Wallet removed from App Store

Apple, increasingly criticized by crypto enthusiasts

Tim Cook and his team received a round of criticism from the crypto community after the announcement of the “apple tax”. Tim Sweeney, CEO of Epic Games, Ryan Wyatt, CEO of Polygon Studios are among the first to show their disgust at this arbitrary decision.

Some are considering developing other functionalities adapted to classic browsers to circumvent such tax mechanisms.

Apple is not ready to go back on this 30% tax. ” Apps may not use their own mechanisms to unlock content or functionality, such as license keys, augmented reality markers, QR codes, cryptocurrencies and crypto wallets, etc. “, she clarified. Still, it’s likely to affect investor appeal for in-app purchases. Is this a sign that we have to start from scratch because of this tax history?

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Mikaia ANDRIAMAHAZOARIMANANA avatar
Mikaia ANDRIAMAHAZOARIMANANA

The blockchain and crypto revolution is underway! And on the day when the effects will be felt on the most vulnerable economy in this world, against all hope, I will say that I had something to do with it

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