Apple Imposes Following Cryptocurrency-Related Restrictions

Apple logo (Courtesy: Twiiter)
Apple logo (Courtesy: Twiiter)

Tech giants Apple continues to take over the market by storm and grow. It recently became the first company from the United States to reach the $2 trillion market cap. However, it has been evaluated that their journey to the next trillion will be more difficult.

As much as Apple has controlled the market, it has been very restrictive as far as cryptocurrency is concerned. It could also be said that Apple’s approach has been hostile towards cryptocurrency.

There has been dimensions where Apple has been restrictive. These were highlighted by Coinbase CEO Brian Armstrong.

Armstrong said that Apple has been very restrictive and hostile to cryptocurrency over the years as they have blocked some functionality.

“Apple has been very restrictive and hostile to cryptocurrency over the years. They’re still blocking some functionality right now, including the ability to earn money with cryptocurrency by completing tasks, and unrestricted dapp browsers,” he said.

Coinbase CEO has also been infuriated with the fact that Apple has removed its dApp browser and it was really unfortunate.

“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.”

Meanwhile, back in 2018, Apple had also asked Coinbase to remove access to cryptocurrency collectibles from its iOS app.