Coinbase CEO Armstrong calls out Apple’s ‘potential antitrust issues”https://www.business-standard.com/” Business Standard News


Cryptocurrency exchange Coinbase’s CEO and co-founder Brian Armstrong has called out Apple over “potential antitrust issues” in a recent episode of the Superstream Podcast.


Armstrong appeared on the April 20 episode of Superstream Podcast to talk about the current state of cryptocurrency, entrepreneurship, and the company he co-founded: Coinbase, reports AppleInsider.





Coinbase is a cryptocurrency exchange platform on desktop and mobile, allowing users to purchase and exchange popular cryptocurrencies. The Coinbase App is the 18th most popular Finance app on the App Store, as pointed out by 9to5mac.


When asked if Coinbase would release its own cryptocurrency hardware wallet, Armstrong pointed out that he does not believe that most people would carry a separate wallet used solely for crypto.


He stated that most people would be more comfortable using something inside of their phones. However, he believes that big tech, and goes as far as naming Apple specifically, does not allow features that would be required to make a user-friendly phone-based wallet plausible.


“Apple so far has not really played nice with crypto, they have actually banned a bunch of features that we would like to have in the app, but they just won’t allow it – so there’s potential antitrust issues there,” he said.


While Armstrong does not say what features have been banned, he does go on to say that he believes crypto-compatible phones will be necessary in the future and that they could become popular.


This is not the first time that Armstrong has spoken out against Apple. In 2020, he argued that Apple’s App Store regulations stifle innovation in the cryptocurrency space.


–IANS


vc/bg

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor


Be the first to comment

Leave a Reply

Your email address will not be published.