Why Coinbase admitted Apple calls the shots

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Why Coinbase admitted Apple calls the shots
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You can’t have Web3 without Big Tech.

in messages that can’t be altered or deleted, though some level of technical ability is required for this also.

So Apple’s mores are perhaps less of a problem for pure cryptocurrency and more of a problem for NFTs, an area Coinbase is planning toand also wants to appear in the Apple App Store.. God forbid they see an actual human titty. What’s more, Apple can say what currencies it’s willing to support transactions in, and that’s trouble for companies that want to take payments in, for instance, Ethereum.Fortunately for crypto enthusiasts, Apple has a pretty good incentive to let crypto apps — some, at least — stay in its App Store. One reason you can’t buy a Kindle e-book through the iPhone app is that Apple takes a 30 percent cut of any digital goods sold in apps that appear in its store.

The flip side here is that Apple can turn the faucet off at any time. Display an NFT titty? You might be out. Try to bilk Apple out of its cut? You’reCoinbase’s content moderation capitulation here is understandable: Apple, Google, and even Amazon are going to run the show if you’re trying to make Web3 a mass-market technology. Collectively, this group owns the stores where your app appears, the cloud servers you use for your service, the operating systems, and the devices.

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