- Dan Finlay tells the crypto community to leave the App Store because of its 30%.
- The MetaMask founder calls Apple’s tax an abuse of monopoly.
- He also lashed Apple for singling out the 30% tax to NTF transfers.
Dan Finlay, the co-founder of MetaMask and a former employee of Apple, says that the crypto industry should completely abandon the App Store because of Apple’s 30% in-app purchase tax, which he calls ‘an abuse of monopoly.’
Finlay expressed these strong opinions last Thursday while reacting to the news that Apple had blocked Coinbase’s iOS Wallet app until it removed NFT transfer features. He pledged solidarity with Coinbase, noting that MetaMask and other crypto wallets could be the next target.
On Thursday, Coinbase’s Wallet announced that customers would no longer be able to trade or transfer NFTs using its iOS app. The company said that even if it wanted to pay the 30% Apple tax, it would be unable to do so since Apple does not support crypto payments.
Furthermore, the MetaMask founder complained bitterly about why Apple singled out the 30% tax to NTF transfers alone without including other transactions such as NFT sales. In his words:
One of the weirdest parts of this policy decision is its arbitrary nature. Why just NFT tx fees? Why not NFT sales? Why not other TX or sales? And, of course, why not other payment services? The incoherence is unnerving because there’s no hint of where it might end.
What the new implementation might entail for MetaMask iOS app users is still being determined. In an email to chat with a news media, Finlay stated that while Meta Mask is still available in the app store, they will closely monitor the situation in the coming weeks and months to ensure our customers continue to have unrestricted access to their crypto assets.
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