MetaMask Co-Founder Wants to 'Dump' Apple, Calls iOS Purchase Tax 'Abuse' - Decrypt
decrypt.co
MetaMask co-founder and ex-Apple employee Dan Finlay says he’s all in favor of the crypto industry ditching Apple’s App Store altogether, calling Apple’s 30% in-app purchase tax “an abuse of monopoly.”
“I'll absolutely stand in solidarity here,” Finlay wrote in response to the news that Coinbase’s
1 Users
0 Comments
5 Highlights
0 Notes
Summary
MetaMask co-founder Dan Finlay is calling for the crypto industry to "dump" Apple and its 30% in-app purchase tax, which he believes is an "abuse of monopoly". Coinbase's Wallet app recently removed NFT transfer features due to Apple's policy. Finlay is not the first crypto advocate to express disdain towards Apple's policy, and other companies like Epic Games and Polygon Studios have also voiced their disgust. Apple's guidelines state that apps are allowed to use in-app purchase to sell and sell services related to NFTs, but those will all be subject to the 30% tax. This makes mobile purchases much less appealing to users.
Top Highlights
- MetaMask co-founder and ex-Apple employee Dan Finlay says he’s all in favor of the crypto industry ditching Apple’s App Store altogether, calling Apple’s 30% in-app purchase tax “an abuse of monopoly.” “I'll absolutely stand in solidarity here,” Finlay wrote in response to the news that Coinbase’s iOS Wallet app had previously been blocked by Appl...
- “I assume [MetaMask] and every other wallet is next,” Finlay tweeted today. “I'm ready to dump the Apple ecosystem. The 30% tax is an abuse of monopoly.” It’s unclear what this would mean for current users of the MetaMask iOS app. In emailed comments to Decrypt, Finlay said: “As of now, Metamask remains on the app store but we will closely monitor...
- Finlay also elaborated on his tweets regarding his feelings about Apple's new policies. “We are disappointed to see the news that app stores are becoming strict gatekeepers, which is not just obstructing growth, but also an avenue for censorship," he said. "We believe as a community we should come together to find a workable solution, so that the e...
- Such policies can feel arbitrary in an increasingly digital world. While companies like Amazon are allowed to sell physical goods in their applications without being subject to the tax, crypto companies like OpenSea or Coinbase are not allowed to sell digital goods without being subject to the tax. Digital art (when traded as an NFT) is taxed, whil...
- It also pointed to section 3.1.1 of the App Store guidelines, which states that “Apps may not use their own mechanisms to unlock content or functionality, such as license keys, augmented reality markers, QR codes, cryptocurrencies and cryptocurrency wallets, etc.” Apple’s guidelines state that apps are allowed to “use in-app purchase to sell and s...
Tags
Tech
NFT
Domain
Ready to highlight and find good content?
Glasp is a social web highlighter that people can highlight and organize quotes and thoughts from the web, and access other like-minded people’s learning.