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Apple Sets Policy Against Decentralized Applications

Coinbase Wallet, Coinbase’s mobile cryptocurrency wallet, may soon remove its DApp browsing feature according to a message appearing in the app.

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According to Coinbase, it is removing the DApp browser functionality “in order to comply with App Store policy.”

The great Youtube Christmas purge. Google Play’s banning of Metamask. Recent events have proponents of decentralized finance and cryptocurrencies asking themselves just what exactly is going on. Now it appears Apple’s policy is next to come under fire from the crypto community, as the Coinbase mobile wallet on the App Store appears to be in the process of removing the built-in decentralized app (dapp) browser.

In a December 28 Reddit post, one user shared a screenshot supposedly from the iOS mobile app which read:

Coinbase Wallet Removing Mobile Dapp Browser to Comply With Apple

Users can still access DApps through Coinbase Wallet on their desktop devices using its WalletLink feature. In a Reddit post, Coinbase CEO Brian Armstrong suggests that “Apple seems to be eliminating usage of Dapps from the App Store.”

Coinbase CEO Brian Armstrong replied in the thread saying,

“If Apple customers want to be able to use Dapps, we may need to make this request know to Apple in some way. This is an important area of innovation in finance, and many developers and early adopters of this technology have millions of dollars worth of crypto tied up in these financial applications, which they will no longer be able to use on Apple mobile devices if this app store policy continues.”

Another Reason to go Decentralized

A comparison of the Google Play version of the Coinbase wallet and the App Store version reveals that there’s now almost no language mentioning dapps on the App Store version, while the name of the wallet on Google Play remains “Coinbase Wallet — Crypto Wallet & Dapp Browser.”

Capabilities for browsing dapps within the Apple version of the application already appear to be missing when the app was opened for review.

A Bitter Pill to Swallow

“This is the final straw for me and I will never be buying another apple product,” one Redditor proclaimed. Another answered: “Google is doing the same thing with metamask mobile. There is nowhere to go.” Some in the crypto space think big names should band together and push back against the perceived anti-defi moves of mega corporations and vested tech sector interests.

It’s clear that Apple’s crypto guidelines and the uncaged world of decentralized applications are foundationally incompatible. How the decentralized finance industry and individual crypto users react to these changes could say a lot about the trajectory of crypto use and innovation into 2020 and beyond.

What Coinbase Is!

Coinbase is a digital currency exchange headquartered in San Francisco, California. They broker exchanges of Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, and Litecoin with fiat currencies in approximately 32 countries, and bitcoin transactions and storage in 190 countries worldwide.

Coinbase is a global digital asset exchange company (GDAX), providing a venue to buy and sell digital currencies, as well as send information about those transactions out to the blockchain network to verify those transactions. Coinbase serves as a wallet, too, where the digital currencies can be stored.

The application operates exchanges of Bitcoin, Ethereum, Bitcoin Cash, and Litecoin, as well as other digital assets with fiat currencies in 32 countries, and Bitcoin transactions in many more countries. According to its website, Coinbase has served over 10 million customers and facilitated the exchange of more than $50 billion worth of digital currency.

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Crypto Stats

CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin55,581 0.24 % 0.62 % 12.58 %
Ethereum2,422.3 0.17 % 6.49 % 5.12 %
Binance Coin573.91 0.90 % 4.77 % 3.76 %
Tether1.000 0.21 % 0.06 % 0.02 %
Polkadot43.88 0.58 % 0.43 % 36.39 %
Cardano1.260 0.03 % 4.03 % 11.63 %
XRP1.370 0.33 % 1.64 % 23.24 %
Uniswap35.27 1.91 % 15.39 % 0.64 %
Litecoin271.74 0.29 % 2.91 % 2.05 %
Chainlink38.04 0.56 % 0.55 % 6.68 %