So Apple is the latest talk in town as a lot of developers have had enough of all of apple’s restrictions. First we had Elon Musk exposing Apple for its secret 30% TAX and then the probability of Apple removing Twitter from Apple Store was gonna happen. Although he tweeted something else after visiting Apple headquarters and meeting the Apple CEO, Tim Cook. Saying something that seemed like a dissolved dispute. But under the comment section was filled with a lot of people complaining about Apple and its restrictions.
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Now we have coinbase disabling its NFT transfer feature on Apple because, Apple apparently wants a 30% cut from all gas fees generated from NFT transactions on the Coinbase app. Which is unnecessarily outrageous, because Apple is just the platform that created the operating system that the coinbase app runs on, and the reason the operating system is being utilized is because, Apple is a globally known company, used by a lot of people, so it makes sense that it is being monopolised, there is no competition in the smart phone operating system market. We only have about two most used operating system in the world, which are the android operating system and the Apple operating system which is the iOS. Since apple has decided to charge NFT transfers on the apple store 30% gas fees, they know that the developers of the app will have no other option but to compromise and agree, because there is monopoly in the system and they will have no other place to go to.
Monopoly is really bad because it doesn’t give room for other options, which is sad, besides, coinable has said on their tweet that what Apple is requesting from them is almost impossible, as apple has no crypto integration on Apple Pay, because NFT gas fees are usually charged in crypto, since there is no crypto integration on Apple Pay its not possible that coinable will give apple the 30% gas fee they are requesting for. This will probably encourage the growth for more smartphone operating system options. Like the new Solana smart phone which is a blockchain smartphone, although its not the first but will it be the first successful blockchain smartphone? If it becomes successful and there is an opportunity to run twitter on it and gives true decentralisation and reduce the monopoly, may be there will be growth for more operating system options.
Posted Using LeoFinance Beta
Posted Using LeoFinance Beta
Check that double signature :P
Posted Using LeoFinance Beta