Coinbase disables NFT transfers in its iOS wallet, citing new AppStore policies

    Crypto exchange Coinbase has disabled NFT transfers on its iOS wallet app because of a dispute with Apple over the company’s in-app purchase policy. The exchange said Apple is demanding it pay a 30% tax on gas fees used to transfer NFTs. Crypto exchange Coinbase announced that users can no longer transfer NFTs using Coinbase’s…

    Apple’s new rules for App Store bar using NFTs to unlock in-app features

    Apple has updated its App Store Review Guidelines with more rules for crypto assets, Web3 games, and NFTs. The tech giant’s ban on peer-to-peer NFT trading de facto remains. Apple also reaffirms its longstanding policy preventing links to alternative payment methods. According to the new rules published on Oct. 24, the tech corporation has no…

    Apple wants to allow NFT sales in Apps but with 30% commission fees

    Apple is adding standardizing acceptance of NFT-based apps to be available on the Apple App Store. However, the company is including their standard 30% transaction fees for all transactions, a mechanism that many NFT firms argue is unreasonable and simply not feasible for their existence in the store. In a report from The Information first…

    Crypto.com app to allow users to buy crypto with Apple Pay

    Crypto.com has announced the integration of Apple Pay into its mobile app and website. Apple does not support the crypto payment directly, but Crypto.com users in the US would be given an option to make the in-app purchases. Purchases can be made with both credit and debit cards through Apple Pay. Crypto.com specifically was onboard…

    The new iPhone will feature ‘Tap-to-Pay’ crypto transactions

    Smartphone manufacturer Apple Inc. announced a new Tap-to-Pay feature on the Apple Pay app. Stripe will be the first company to offer Tap-to-Pay to their business clients. The merchant will need to have at least an iPhone XS and maintain different payment methods, including cryptocurrencies. According to a press release on February 8, Apple announced…

    Apple CEO sees a ‘lot of potential’ in the metaverse, investing accordingly

    Speaking at the company’s earnings for Q1 of 2022, Apple CEO Tim Cook said that the company sees a “lot of potential” in the metaverse and invests in the technology. Tim Cook addressed the idea of the “metaverse” during Apple’s Q1 2022 earnings call with analysts and investors. In response to a question from Morgan…