common-close-0
BYDFi
Trade wherever you are!

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

avatarsfurunDec 25, 2021 · 3 years ago3 answers

Why did Apple decide to block Coinbase Wallet from its platform? What are the factors that led to this decision?

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

3 answers

  • avatarDec 25, 2021 · 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.
  • avatarDec 25, 2021 · 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.
  • avatarDec 25, 2021 · 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.