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APPLE’s CRYPTO RULES ARE HAMPERING

APPLE’s CRYPTO RULES ARE HAMPERING 

Brian Armstrong, chief executive of Coinbase, believes Apple's App Store rules have disrupted the company's product line, blaming the iPhone maker for shutting down features in their app and generally being unfriendly to the cryptocurrency industry.


"Apple has so far not played well with crypto, it has actually blocked a lot of things we would like to have in the app, but it just won't allow it - so there's a problem of infidelity there," Armstrong said. it said.


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Armstrong did this with a podcast he participated in on his trip to India earlier this month. In a Superteam Podcast episode, aired this week, the founder of a publicly listed firm discussed Apple's influence and floated to the view that smartphones may soon need to build crypto-specific hardware features.


"There will need to be crypto-compatible phones that I think may be very popular in the future," he said.



Armstrong disclosed this when asked if Coinbase would ever present his own wallet. He said the company already has a branded hardware wallet with Ledger, but believes the two main mobile operating systems need to expand their device ecosystem into crypto.



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