Coinbase is required by Apple to disable NFT transfers in its wallet app
Join Our Telegram channel to stay up to date on breaking news coverage NFT transactions are no longer supported by Coinbase’s Wallet iOS app as a result of Apple’s rigorous new NFT restrictions, which were revealed in October. “You may have noticed that NFTs can no longer be sent on the iOS version of Coinbase Wallet. This is due to Apple preventing our most recent app release until we turned off the feature”, the Coinbase Wallet account tweeted on Thursday. NFTs are subject to a steep 30% transaction tax on Apple’s mobile app store, even if they aren’t officially forbidden. Developers will have their apps removed from the store if they are unable to comply with that criterion. According to Coinbase, Apple wants to charge a 30% fee on any gas fees (i.e., fees associated with Ethereum network transactions) associated with NFT transfer s carried out through the wallet app, but Coinbase claims that this is “impossible.” This is ob...