Apple May Stop Millions Of Dollars In Crypto From Getting Accessed On Its Devices, Coinbase CEO Says
Coinbase was recently in the spotlight regarding the huge subject of mainstream crypto adoption – sending BTC via email.
Not too long ago, it’s been revealed that Brian Armstrong, who is the chief executive officer at Coinbase has acquired a US patent for a method that allows users to transfer BTC by sending a simple email.
The patent has been initially submitted back in March 2015, and it was awarded on Tuesday, December 17th.
The interesting patent describes a system for people to perform crypto transactions by using email addresses that are connected to the online wallets. You can read more on the subject in our previous article.
Apple ends support for Dapps on iOS devices
Apple seems to have taken the decision to end support for Dapps on it iOS devices, according to Coinbase CEO Brian Armstrong.
There’s a new thread on the Ethereum subreddit in which Armstrong explained the reasons for which the exchange is removing Dapp functionality from Coinbase Wallet on the App Store.
“Apple seems to be eliminating the usage of Dapps from the App Store. If Apple customers want to be able to use Dapps, we may need to make this request [known] to Apple in some way.”
He also made sure to highlight the fact that Apple’s shifting position on Dapps will probably have a pretty big impact on decentralized finance which is an emerging industry that’s designed to use the blockchain tech.
This will give people access to loans, banking and payment services, and more.
“This is an important area of innovation in finance, and many developers and early adopters of this technology have millions of dollars worth of crypto tied up in these financial applications, which they will no longer be able to use on Apple mobile devices if this app store policy continues.”
The move comes just days after Google banned the popular Ethereum-based wallet MetaMask from the Play Store, and YouYube hit the crypto industry by eliminating important videos.
Brian Armstrong is the co-founder and CEO of Coinbase, one of the largest crypto exchanges in the world (its reported Coinbase holds 966,230 Bitcoin ($7B) in Cold Wallet). Prior to his involvement with the blockchain and Coinbase, Armstrong worked at Deloitte and Touche as an Enterprise Risk Management Consultant.
Coinbase is a digital currency exchange headquartered in San Francisco, California.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.