Coinbase Dispute With Apple Over Dapps

[Ridam 7455]

Hey Budies!😆 

Overthe Past couple of months Coinbase is having difficulties with working on Apple products. I will cover all the problems and recent condition so stay with post from top to bottom for better understanding the scenario.

 

Overview:

If anyone isn't aware Coinbase is leading Crypto Exchange (Centralised) with the great vision for Crypto adoption all over the globe and it's based at US.

Apple is the giant tech company with 13.3% market share in mobile industry(data source: Q22020-idc.com)

 

Coinbase De-Fi Innovation:

Coinbase wallet is the new products of Coinbase which is non-custodial Crypto wallet. They were allowing users to interact with Decentralized financing services through the in-built Dapp browser.

After the update of Coinbase wallet at March this year they took the De-Fi one step further and allows users to interact with Lending Protocols.

Coinbase was allowing users to deposit the coins USDC, BAT, Wrapped Bitcoin, Ethereum etc. to earn interest on them.And two protocols Compound and dYdX were allowed to choose as Lending Protocols.

 

Apple Updates On Privacy Policy:

As we know Apple is way more focused for the security of its users from the past. And with this update Apple clearly announces that Earning interest on Crypto currency through IOS Application isn't considerable under the new App store Policies. According to the new policies the Daaps need to be registered on the app store individually and as the above criteria isn't fulfilled by these apps and it's not easy to register each Dapps individually used in Coinbase Projects

Several other apps like Fortnite by Epic also got removed from the Apple store

 

And right after the restrictions applied by Apple Coinbase starts facing obstacles with their new updates. Coinbase CEO Brian Armstrong has informed about the issue on August 23 through his tweets.

https://twitter.com/brian_armstrong/status/1297289908453662720?s=19

 

Recent Situation:

On September 12 after expressing the critsim towards the tech giant Apple and indicating the act horrible Brian informs that Coinbase is working to send official request to apple for solving the on-going despute between the two companies. And though he has said he will inform the further information but currently there is no update to the seen. And It seems Apple is showing the negative response to their approach.

So What do you think about Dapps? Are they really a threat to consumer security? Or Apple just trying to censor these features for promoting in-app purchases?

[Raqeebzy 6456]

36 minutes ago, Ridam said:

So What do you think about Dapps? Are they really a threat to consumer security? Or Apple just trying to censor these features for promoting in-app purchases?

Apple is always so overprotective, I am not surprised if they restricts decentralised application on their devices. I don't use apple, I don't have problem as such but I think it is unfair to their customers although they will bring up excuse of protecting against malicious applications and softwares.

Coinbase has only just one job; convince apple on dapps. Let's how it goes.

[mahmud93 231]

15 hours ago, Ridam said:

Hey Budies!😆 

Overthe Past couple of months Coinbase is having difficulties with working on Apple products. I will cover all the problems and recent condition so stay with post from top to bottom for better understanding the scenario.

 

Overview:

If anyone isn't aware Coinbase is leading Crypto Exchange (Centralised) with the great vision for Crypto adoption all over the globe and it's based at US.

Apple is the giant tech company with 13.3% market share in mobile industry(data source: Q22020-idc.com)

 

Coinbase De-Fi Innovation:

Coinbase wallet is the new products of Coinbase which is non-custodial Crypto wallet. They were allowing users to interact with Decentralized financing services through the in-built Dapp browser.

After the update of Coinbase wallet at March this year they took the De-Fi one step further and allows users to interact with Lending Protocols.

Coinbase was allowing users to deposit the coins USDC, BAT, Wrapped Bitcoin, Ethereum etc. to earn interest on them.And two protocols Compound and dYdX were allowed to choose as Lending Protocols.

 

Apple Updates On Privacy Policy:

As we know Apple is way more focused for the security of its users from the past. And with this update Apple clearly announces that Earning interest on Crypto currency through IOS Application isn't considerable under the new App store Policies. According to the new policies the Daaps need to be registered on the app store individually and as the above criteria isn't fulfilled by these apps and it's not easy to register each Dapps individually used in Coinbase Projects

Several other apps like Fortnite by Epic also got removed from the Apple store

 

And right after the restrictions applied by Apple Coinbase starts facing obstacles with their new updates. Coinbase CEO Brian Armstrong has informed about the issue on August 23 through his tweets.

https://twitter.com/brian_armstrong/status/1297289908453662720?s=19

 

Recent Situation:

On September 12 after expressing the critsim towards the tech giant Apple and indicating the act horrible Brian informs that Coinbase is working to send official request to apple for solving the on-going despute between the two companies. And though he has said he will inform the further information but currently there is no update to the seen. And It seems Apple is showing the negative response to their approach.

So What do you think about Dapps? Are they really a threat to consumer security? Or Apple just trying to censor these features for promoting in-app purchases?

 

If i get you correctly you mean the coinbase don't have sincere on their activities? What there is fault on their transaction process how do one astray away with such faults

[Ridam 7455]

15 hours ago, Raqeebzy said:

Apple is always so overprotective, I am not surprised if they restricts decentralised application on their devices. I don't use apple, I don't have problem as such but I think it is unfair to their customers although they will bring up excuse of protecting against malicious applications and softwares.

Coinbase has only just one job; convince apple on dapps. Let's how it goes.

@Raqeebzy  I'm also not a IOS users but 59.33% of Apple smartphone users in US will be affected and the Dapps features will be censored for them.

(source)

With the whole world going with De-Fi trend Apple is limiting it's users in the name of security.  Now Coinbase needs to work more to manage cooperation with Apple otherwise they will miss huge opportunity because of this.

 

56 minutes ago, mahmud93 said:

If i get you correctly you mean the coinbase don't have sincere on their activities? What there is fault on their transaction process how do one astray away with such faults

No Coinbase has done their work sincerely and I don't see any faults on integration of in-built Dapps feature on the apps , but Apple is saying it's security threat for it's users and limiting it's users by not allowing to use Dapps.

[Whited35 15285]

First of all,I have found so many guys have misunderstanding regarding the products starting with Coinbase. Coinbase.com and Coinbase wallet are the two different things. Regarding this dispute, I think Apple is more serious to prevent malicious crypto-based applications or malware infected software. Last time they detected malware used to attack macOS and trading app was unfortunately a way to lead that attack. You might also love to check this topic that I have already created. 

https://cryptotalk.org/topic/108652-mac-users-be-aware-a-new-trojan-attack-has-been-just-found/

 

[Ridam 7455]

9 hours ago, Whited35 said:

First of all,I have found so many guys have misunderstanding regarding the products starting with Coinbase. Coinbase.com and Coinbase wallet are the two different things. Regarding this dispute, I think Apple is more serious to prevent malicious crypto-based applications or malware infected software. Last time they detected malware used to attack macOS and trading app was unfortunately a way to lead that attack. You might also love to check this topic that I have already created. 

https://cryptotalk.org/topic/108652-mac-users-be-aware-a-new-trojan-attack-has-been-just-found/

 

@Whited35 Particularly this time Apple is stopping it's users by saying you can't earn interest through Crypto currency. As Apple is seeing the transaction aren't going through Apple ecosystem and it's not middle man because of Dapps. I think the reason is same with coinbase like what happens earlier with Epic Games.

This macOS attack may be another reason for that but they are also mentioning that Each Apps needs to registered in Ios store before users can access them.

[Whited35 15285]

12 hours ago, Ridam said:

This macOS attack may be another reason for that but they are also mentioning that Each Apps needs to registered in Ios store before users can access them.

So this is the trick to hook up users to their own ecosystem. I believe it is due to antitrust issue that Apple is not allowing DApps on their OS. I do not think it is the bad steps taken from Apple because their original intentions could be to save iOS users from ponzi schemes and  shitcoins. 

[Ammara bano 105]

I think it's only a way to rate up there users to their own environment. I think Apple is not allowing such apps. So be careful and far away from scams. Such type of websites and apps didn't give any payouts. 

[Ridam 7455]

On 10/1/2020 at 7:30 PM, Whited35 said:

I do not think it is the bad steps taken from Apple because their original intentions could be to save iOS users from ponzi schemes and  shitcoins. 

Exactly As we know upto now Apple is very strict with the security of it's users in compared to the Android smartphone market.

Some users will be affected through this announcement but I'm sure they do have other Os devices for sure. And as we are seeing many scams exit on De-Fi and attacks that's why apple is now taking this turn over.

[Whited35 15285]

2 hours ago, Ridam said:

Some users will be affected through this announcement but I'm sure they do have other Os devices for sure. And as we are seeing many scams exit on De-Fi and attacks that's why apple is now taking this turn over.

@Ridam DeFi craze is looking like to go down. DeFi space is still at the experimental phase so as a most repudiated and dependable company Apple, they are serious to protect their users first before allowing DeFi related products. 

[Diego Alfredo Moral 28]

On 10/2/2020 at 3:31 AM, Ammara bano said:

I think it's only a way to rate up there users to their own environment. I think Apple is not allowing such apps. So be careful and far away from scams. Such type of websites and apps didn't give any payouts. 

True. Beware of scams. There are many and of all kinds, more in this crypto world.

[duncun007 3577]

On 9/29/2020 at 7:30 PM, Raqeebzy said:

Apple is always so overprotective, I am not surprised if they restricts decentralised application on their devices. I don't use apple, I don't have problem as such but I think it is unfair to their customers although they will bring up excuse of protecting against malicious applications and softwares.

Coinbase has only just one job; convince apple on dapps. Let's how it goes.

all the big corporations want to have a monopoly over the market, they like to have an edge over their competitors and when they find that one thing they just cling into it, I believe crypto will be the thing that they will be running towards in the future and they will try to have crypto wallets installed as default.

[alanthepub 13]

Interesting information mate, without a doubt Apple has its things, and I don't know what they could do tomorrow, on the other hand Coinbase is very good

[kryptonick 2659]

This is very difficult to know what is happening. Apple has plans and these seemingly don't include Coinbase and the coinbase actor CEO tried to tweet about this and cry like a baby. Coinbase is nothing in front of Apple and Apple can take any decision they like. They are a company and have their own rules they are not an institution that should accept the demands of Armstrong. This only proves once again that all people in crypto do not understand anything about business and most of these people that were good developers were very lucky that nobody bought their companies years ago.

[Raqeebzy 6456]

On 9/30/2020 at 8:56 AM, Ridam said:

With the whole world going with De-Fi trend Apple is limiting it's users in the name of security.  Now Coinbase needs to work more to manage cooperation with Apple otherwise they will miss huge opportunity because of this.

They can't be blamed to be honest. If they said it is for security concerns, then no one stand a chance. A lot of people considers using iOS because of its better security compared to other operating system, so I see no reason why they shouldn't go to every length to ensure security isn't compromised.  Coinbase needs to follow the right process if they don't want their iOS using customer left out which will be a big blow if it happens.

[NADJICSC 52]

 

 A few clients will be influenced through this declaration however I'm certain they do have different Os gadgets without a doubt. Also, as we are seeing numerous tricks exit on De-Fi and assaults that is the reason apple is currently taking this turn over.

[Gherkj34k 55]

Apple is a high-tech giant of the market, it can not discuss with anyone at all, but bend anyone under itself, it will not be difficult for him. I wonder how this trial will end.

[Doris02 45]

Apple is a big platform in technology. As soon as this I prefer to wait and see what happens

[Heisenberg 3301 1]

Apple is saying it's security threat for it's users and limiting it's users by not allowing to use Dapps.

[Ridam 7455]

On 10/3/2020 at 10:39 PM, Whited35 said:

@Ridam Apple, they are serious to protect their users first before allowing DeFi related products. 

@Whited35 Apple is very serious about it's user security and at some point this concerns seems helpful for the users. There are other De-Fi projects working perfectly in Apple devices and Coinbase was only the one getting bad response from Apple which seems pretty unusual for me.

[Whited35 15285]

1 hour ago, Ridam said:

@Whited35 Apple is very serious about it's user security and at some point this concerns seems helpful for the users. There are other De-Fi projects working perfectly in Apple devices and Coinbase was only the one getting bad response from Apple which seems pretty unusual for me.

@RidamIt is competitive world and you know Coinbase will be always eyeing for getting the more users from every possible platforms. Probably, Coinbase was working to bring more for iOS-based users.I think all crypto related things are under investigation from Apple now. 

Edited October 30, 2020 by Whited35

[tienda 8776]

On 10/30/2020 at 5:47 PM, Whited35 said:

@RidamIt is competitive world and you know Coinbase will be always eyeing for getting the more users from every possible platforms. Probably, Coinbase was working to bring more for iOS-based users.I think all crypto related things are under investigation from Apple now. 

I agree with you @Whited35 about the competitive world, effectively and I think Apple doesn't needs an alliance to do a project about cryptocurrency it is very restricted and with high rating around the world. But in case Apple looks for that I think Coinbase is the best positioned to be his partner.

[Whited35 15285]

11 hours ago, tienda said:

I agree with you @Whited35 about the competitive world, effectively and I think Apple doesn't needs an alliance to do a project about cryptocurrency it is very restricted and with high rating around the world. But in case Apple looks for that I think Coinbase is the best positioned to be his partner.

@tiendaYou know, smartphone based users are highly targeted by big names like Coinbase to provide and expand their services. You might just guess how aggressive should be Coinbase CEO as his technical team was already into building applications targeting iOS users 😂

[Ridam 7455]

On 11/4/2020 at 4:39 PM, Whited35 said:

@tiendaYou know, smartphone based users are highly targeted by big names like Coinbase to provide and expand their services. You might just guess how aggressive should be Coinbase CEO as his technical team was already into building applications targeting iOS users 😂

@Whited35 I feel sad for the developers as their whole work couldn't be implemented on the Apple ecosystem. Android users are having privilege through it but I hope the issue get solved sooner between both companies so users can participate through any platform.

[Whited35 15285]

On 11/6/2020 at 9:12 PM, Ridam said:

@Whited35 I feel sad for the developers as their whole work couldn't be implemented on the Apple ecosystem. Android users are having privilege through it but I hope the issue get solved sooner between both companies so users can participate through any platform.

@Ridam Do not get worried because they seek so many possibilities. Hope they will be targeting android phone and Windows OS users with their best possible products. I am just looking how the core devs of coinbase, design the application's architectures in their coming versions.