August 24, 2020
As crypto entered mainstream finance, Apple’s anti-crypto policies are very much in place. As Bitcoin’s price is soaring to $12,000 in such an unpredictable market, Apple’s anti-crypto plans shock many investors.
The latest backlash came from Coinbase CEO Brian Armstrong, who says that the tech giant still has trust issues with cryptocurrencies.
The crypto exchange Coinbase issued a warning to its customers that an application may leave the Apple store a few months ago. Recently, the two are against crossroads when it comes to Apple anti-crypto policies.
Apple anti-crypto policies are slowing down crypto Progress
In his latest tweet, Brian Armstrong says that Apple anti-crypto policies are proving to be a hindrance in many ways. Apple is restricting various cryptocurrency-related functionalities on the Apple Store, including the ability to earn money and providing unhindered access to decentralized applications.
Brian Armstrong says in his latest tweet that Apple anti-crypto policies are being a hindrance in many ways. Apple is restricting various cryptocurrency-related functionalities on the Apple Store. This includes the ability to earn money and provide unhindered access to decentralized applications.
The DeFi realm is rising fast. Investors are considering investing in DeFi-related technologies. Brian says that Apple’s anti-crypto policies have proven to be a great hindrance as iOS users cannot experience the full functionalities offered by many crypto products and services.
The aggressive nature of Apple towards the crypto industry slows the progressive march of cryptocurrencies into the mainstream. Presently, iOS users cannot make cryptocurrency by finishing tasks. The tech giant is also blocking unconstrained dApp browsers; these are serious allegations against a global brand and are roadblocks in crypto growth.
Major tech giants are still anti-crypto
A year ago, Coinbase issued a warning to its users that its dApp browser app may be detached from the Apple Store. The crypto exchange mentioned Apple anti-crypto policies as the reason behind such a move. In the past, both Google and Apple favored removing the dApp from their respective networks.
Aside from crypto, Apple’s App Store policies face reproach from developers who alleged that the tech giant often commands unfair terms. Both app designers and producers have policy-related concerns with Apple. Big names like Epic Games and the Wall Street Journal have expressed their annoyance with Apple. Now, Apple’s anti-crypto policies are again in the news courtesy Brian’s latest tweet.