Former Apple employee and MetaMask co-founder Dan Finlay has recently said that he supports the crypto sector moving away from Apple’s App Store because of the company’s 30% tax on in-app purchases, which he calls “an abuse of monopoly.”
Finlay responded to the news that Apple had previously stopped the Coinbase iOS Wallet app unless it disabled NFT transfer features by writing, “I’ll absolutely stand in solidarity here.” Notably, Coinbase Wallet announced on Thursday that it would no longer support trading or transferring NFTs through its iOS app, citing the “Apple tax” as the reason. The company argued that even if it wanted to comply with the “Apple tax,” it could not do so because Apple is not integrated with blockchains like Ethereum.
Metamask CEO believes “30% tax is an abuse of monopoly”
It is important to note that crypto-based companies are running into trouble with Apple’s tax policies, which prevents them from adding new features to their mobile apps and keeping them available to consumers on iOS.
“I assume [MetaMask] and every other wallet is next,” Finlay tweeted: “I’m ready to dump the Apple ecosystem. The 30% tax is an abuse of monopoly.”
Finlay further explained his tweets about how he feels about Apple’s new restrictions. He went on to say that the company believes “as a community we should come together to find a workable solution, so that the end users can continue to have the freedom to transact and the technology can flourish.”
According to Section 3.1.1 of the App Store Guidelines:
“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.”
Apps can “use in-app purchase to sell and sell services related to non-fungible tokens (NFTs), such as minting, listing, and transferring,” according to Apple’s guidelines, but they must pay a 30% tax on all such sales.
Meanwhile in recent news, cryptocurrency wallet MetaMask’s co-founder has made it clear that IP addresses are not being used but are briefly saved.