Apple Sours Coinbase

Apple ($APPL) has made some enemies in 2022. If you remember, in October, Apple banned Spotify ($SPOT) not once, not twice, but three times.

On Monday (November 28, 2022), Elon Musk Tweeted this:

Musk’s Tweet responded to rumors that Apple was considering removing Twitter from their app store.

However, a couple of days later (November 30, 2022), Apple CEO Tim Cook and Elon Musk had a person-to-person meeting, where Cook informed Musk that Apple had never considered removing Twitter.

We can add another big company to the list of entities Apple has recently upset: Coinbase ($COIN).

Why? Apple wants 30% of the gas fees paid when users transfer NFTs over Coinbase’s iOS wallet.

Coinbase added some fightin’ words accusing Apple of putting profit above consumers and innovation:

Not only that, but Coinbase explained that the blockchain system used to transfer NFTs is not compatible with Apple’s In-App Purchase system.

We’ll update you if there’s any change to this story. ๐ŸŽ

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