MetaMask co-founder allows the possibility of the app’s leaving the AppStore

Dan Finlay commented on the corporation’s demand to introduce a fee for sending NFTs to Coinbase Wallet

05.12.2022 - 07:00

273

2 min

What’s new? Dan Finlay, the co-founder of MetaMask cryptocurrency wallet, commented on Apple corporation’s demand to introduce a 30% fee for sending NFTs to Coinbase Wallet. He suggested that MetaMask and the other wallets would be the next to leave the Apple app store. Finlay said that he is in solidarity with Coinbase representatives and that he is willing to leave Apple, calling the 30% tax an “abuse of monopoly.”

Oh I'll absolutely stand in solidarity here, I assume MM and every other wallet is next. I'm ready to dump the Apple ecosystem. The 30% tax is an abuse of monopoly. @tim_cook has donned the Big Brother screen. https://t.co/tzcA0Ol658— Dan Finlay 🦊💙 (@danfinlay) December 1, 2022

What else did Finlay write? The co-founder of MetaMask wondered if the corporation would tax credit card transactions in Apple Wallet.

Finlay said that Apple’s new policy, to say the least, conflicts with the court’s injunction prohibiting apps from using links for external payments. “If the crypto was earned externally, why is using it then taxed?” Finlay wonders.

On December 1, Coinbase Wallet representatives reported that Apple blocked the latest update to the app. This update added a feature to send NFTs. According to Coinbase Wallet, Apple requires that fees for this operation be paid through the App Store purchase system. The wallet team’s said it will not be able to meet the corporation’s demand, as it is technically impossible.

In July, Dan Finlay and Aaron Davis, who also co-founded MetaMask, compared the current cryptocurrency ecosystem to a casino, adding that many projects in the industry are structured along Ponzi schemes. Finlay linked the bankruptcy of several crypto brokers to the dishonesty of individual market players falsely positioning themselves as DeFi projects.

Author: