Is Metamask CEO Parting Ways with the Apple Ecosystem?
Is Metamask CEO Parting Ways with the Apple Ecosystem? Former Apple employee and MetaMask founder Dan Finlay recently said that he supports crypto companies leaving the Apple App Store due to the 30% tax. application, which he called “destruction of monopoly.”
Finlay responded to the news that Apple has stopped the Coinbase iOS Wallet app unless it stops the NFT transfer plan by writing, “I will fully support this.” Apparently, Coinbase Wallet announced on Thursday that it will no longer support trading or transferring NFTs through its iOS app, citing “Apple’s tax” as the reason. The company argued that even if it wanted to follow the “Apple tax”, it could not because Apple is not connected to blockchains like Ethereum.
Metamask CEO says ‘30% tax is just abuse’
Importantly, crypto-based businesses face problems with Apple’s tax policy, which prevents them from adding new features to their mobile apps and maintaining them for consumers on iOS.
“I think [MetaMask] and other wallets are next,” Finlay tweeted: “I’m ready to join the Apple ecosystem. The 30% tax is a one-sided abuse.
Finlay also explained his tweet about his feelings about Apple’s new restrictions. He went on to say that the company believes “as a community, we need to come together to find solutions that work, so that end users can continue to have the freedom to interact with technology that has ability to do well.”
Per Section 3.1.1 of the App Store Guide:
Apps may not use their own mechanisms to unlock content or functionality, such as license keys, augmented reality tokens, QR codes, cryptocurrencies and cryptocurrency wallets, etc.”
Apps can “use in-app purchases to sell and sell services related to non-fungible tokens (NFTs), such as uploads, lists, and transfers,” according to Apple’s guidelines, but must pay a 30% fee and everything. such customers. . Meanwhile, in a recent report, the co-operator of the MetaMask cryptocurrency wallet made it clear that IP addresses are not being used and are logged in briefly.