iLoungeiLounge
  • News
    • Apple
      • AirPods Pro
      • AirPlay
      • Apps
        • Apple Music
      • iCloud
      • iTunes
      • HealthKit
      • HomeKit
      • HomePod
      • iOS 13
      • Apple Pay
      • Apple TV
      • Siri
    • Rumors
    • Humor
    • Technology
      • CES
    • Daily Deals
    • Articles
    • Web Stories
  • iPhone
    • iPhone Accessories
  • iPad
  • iPod
    • iPod Accessories
  • Apple Watch
    • Apple Watch Accessories
  • Mac
    • MacBook Air
    • MacBook Pro
  • Reviews
    • App Reviews
  • How-to
    • Ask iLounge
Font ResizerAa
iLoungeiLounge
Font ResizerAa
Search
  • News
    • Apple
    • Rumors
    • Humor
    • Technology
    • Daily Deals
    • Articles
    • Web Stories
  • iPhone
    • iPhone Accessories
  • iPad
  • iPod
    • iPod Accessories
  • Apple Watch
    • Apple Watch Accessories
  • Mac
    • MacBook Air
    • MacBook Pro
  • Reviews
    • App Reviews
  • How-to
    • Ask iLounge
Follow US

News › Apple

Apple

CEO of Coinbase accuses Apple of stifling cryptocurrency innovation

Last updated: Sep 13, 2020 10:07 pm UTC
By Samantha Wiley
CEO of Coinbase

Coinbase CEO Brian Armstrong released a statement that the App Store’s guidelines are stifling cryptocurrency’s innovation in a tweet.

Advertisements

https://twitter.com/brian_armstrong/status/1304490643595558912

Armstrong, head honcho of the digital currency exchange outlines how Apple has put in numerous restrictions on how digital currency is handled in the App Store policy.

CEO of Coinbase

The Coinbase app in iOS prevents the company from earning cryptocurrency revenue and gaining access to decentralized finance apps. In particular, Armstrong emphasizes that the limit stops them from referring users to websites they can visit via app, e.g., DeFi and Dapps.

The Coinbase CEO further argues that Apple’s ruling is similar to Microsoft pushing its users to use Internet Explorer in the past, which led to an antitrust case and government scrutiny.

Most crypto apps are severely limited as they are missing key features. Armstrong intends that he will submit a ‘formal challenge’ to try and change the new review process the Cupertino-based company announced in June.

Advertisements

Latest News
The Anker Nano II 65W Compact Charger is $25 Off
The Anker Nano II 65W Compact Charger is $25 Off
1 Min Read
New ‘Shot on iPhone’ Short Film Debuts
New ‘Shot on iPhone’ Short Film Debuts
1 Min Read
Apple Camp for Kids Program Starts in June
Apple Camp for Kids Program Starts in June
1 Min Read
Apple to Start iPhone Foldable Production This Year
Apple to Start iPhone Foldable Production This Year
1 Min Read
The Apple Watch Series 10 is $100 Off
The Apple Watch Series 10 is $100 Off
1 Min Read
AirPods Pro 3 May Debut in 2026
AirPods Pro 3 May Debut in 2026
1 Min Read
Oakley Smart Glasses Announced
Oakley Smart Glasses Announced
1 Min Read
The Apple Watch Series 10 is $100 Off
Apple Watch Ultra 3 Might Arrive Soon
1 Min Read
AirPods Pro 3 May Debut in 2026
The AirPods Pro 2 is $80 Off
1 Min Read
tvOS 26 Apple Music Sing Adds iPhone Karaoke Feature
tvOS 26 Apple Music Sing Adds iPhone Karaoke Feature
1 Min Read
Photos Tabs to Make a Comeback in iOS 26
Photos Tabs to Make a Comeback in iOS 26
1 Min Read
tvOS 26 Users to Have Automatic Sign-In for Apps
tvOS 26 Users to Have Automatic Sign-In for Apps
1 Min Read

iLounge logo

iLounge is an independent resource for all things iPod, iPhone, iPad, and beyond. iPod, iPhone, iPad, iTunes, Apple TV, and the Apple logo are trademarks of Apple Inc.

This website is not affiliated with Apple Inc.
iLounge © 2001 - 2025. All Rights Reserved.
  • Contact Us
  • Submit News
  • About Us
  • Forums
  • Privacy Policy
  • Terms Of Use
Welcome Back!

Sign in to your account

Lost your password?