'Grotesquely overpriced' — Apple's App Store wants 30% cut on NFT sales
While the commission is standard for Apple, some have expressed their displeasure at the company's “grotesquely overpriced” cut of sales. Non-fungible token (NFT) app developers and others have balked at a decision by tech giant Apple to impose a 30% commission on NFTs sold through apps on its marketplace, effectively putting NFT purchases in the same boat as regular in-app purchases. According to a Friday report from The Information, the smartphone company is now allowing NFTs to be bought and sold through apps listed on its marketplace but imposes its standard commission on in-app....
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Apple is adding standardizing acceptance of NFT-based apps to be available on the Apple App Store. However, the company is including their standard 30% transaction fees for all transactions, a mechanism that many NFT firms argue is unreasonable and simply not feasible for their existence in the store. Let’s take a look at why this […]
Leading Australian e-tailer Millennius has stopped selling iPhones to protest against Apple's decision to remove the blockchain.info app from its app store. Millennius is a key proponent of bitcoin, and has called for wider deployment of the currency in the past. The company argues that bitcoin could lower prices online as payments are cheaper than traditional credit card payments and these savings could be passed down to consumers. Betraying ideals. The blockchain.info app was the only bitcoin-related app in Apple's walled garden of delights, and it had more than 120,000 users. The....
One of the most interesting stories of 2015 has been the SaruTobi iOS game, which lets players earn Bitcoin as they progress through the game. In fact, so many people have played this game in order to get their hands on some chunks of Bitcoin that it caught the attention of Apple themselves. And not in a good way mind you, as SaruTobi has been pulled from the Apple App Store. According to Christian Moss – the person responsible for creating SaruTobi – the game has been temporarily suspended from the Apple App Store. While it is not uncommon for Apple to [temporarily] remove applications....
The Blockchain.info app on the iOS App Store has been removed by Apple today, in a shocking move the company says has been caused by "an unresolved issue". Blockchain.info's application was the last remaining bitcoin wallet on the app store, with others being taken down in a similar fashion by Apple. Even Coinbase's app found itself removed a mere three weeks after it was released. A lengthy response to Apple's moved was published on Blockchain.info's blog Wednesday evening. These actions by Apple once again demonstrate the anti-competitive and capricious nature of the App Store policies....
For the time being, Bitcoin and other cryptocurrencies remain a high-value target for criminals. Fake Bitcoin wallets are a real threat to the cryptocurrency ecosystem. Mainly the Apple App Store seems to allow illegitimate wallets more often than not. A total of six new false wallets has been added to the Apple App Store over the past few days. Bitcoin users need to be aware of these issues and make sure they only install legitimate offerings. Six new malicious wallets on the Apple App Store is quite a significant development. Not in a positive manner by any means, though, as the....