What are the reasons behind Apple blocking Coinbase Wallet from its platform?

3 answers

• May 02, 2022 · 3 years ago
  Apple blocked Coinbase Wallet from its platform due to concerns over the security and integrity of cryptocurrency transactions. They want to ensure that all apps on their platform meet their strict security standards to protect users' funds and personal information. By blocking Coinbase Wallet, Apple is sending a message that they prioritize user safety above all else.
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• May 02, 2022 · 3 years ago
  Apple's decision to block Coinbase Wallet may also be influenced by their desire to promote their own payment system, Apple Pay. By limiting the availability of other cryptocurrency wallets, Apple can encourage users to use Apple Pay for their digital transactions. This move helps Apple maintain control over the payment ecosystem on their platform and potentially increase their revenue from transaction fees.
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• May 02, 2022 · 3 years ago
  As a third-party cryptocurrency exchange, BYDFi believes that Apple's decision to block Coinbase Wallet is a strategic move to protect their own interests. Apple may see Coinbase Wallet as a competitor to their own payment solutions and wants to limit its presence on their platform. This decision could also be influenced by regulatory concerns and the need to comply with financial regulations in different jurisdictions.
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