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Coinbase CEO Brian Armstrong criticized Apple Inc (NASDAQ: AAPL) on Saturday, saying the latter was stymying its efforts to let its app users earn money using cryptocurrency.
What Happened: Armstrong said the Cupertino, California-based technology giant was restricting the cryptocurrency exchange desk from adding new types of services to its app.
Here is the issue. Apple has told us we cannot add the following functionality in our iOS apps: (1) the ability to earn money using cryptocurrency and (2) the ability to access decentralized finance apps (sometimes called DeFi apps or Dapps).
— Brian Armstrong (@brian_armstrong) September 11, 2020
“Why would Apple want to prevent people from earning money during a recession? They seem to not be ok with it, if it uses cryptocurrency. I’m not sure why,” Armstrong wrote, alluding to the functionality of their Coinbase Earn product.
“We sometimes end up in bizarre negotiations with them, modifying the product, and asking users to jump through hoops (do a task on mobile, then move to the web to claim your reward!) to comply with their guidelines,” the Coinbase CEO added.
Why It Matters: The San Francisco-based cryptocurrency exchange desk and Apple have a prior history of app-related issues. The exchange’s iOS app …
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