Coinbase Says Apple Holds Back Global Crypto Adoption

Coinbase has been working hard to promote the mainstream adoption of digital assets.

This year, despite the global crisis triggered by the pandemic, the crypto exchange continued struggling, but now, a new element comes into the spotlight.

Apple is making crypto adoption more difficult

The CEO of the digital currency exchange Coinbase said that Apple is hampering the adoption of Bitcoin (BTC) and other cryptos.

As reported by the online publication the Daily Hodl, Brian Armstrong recently said that the tech giant has not been very welcoming of opportunities that involve cryptos.

“Apple has been very restrictive and hostile to cryptocurrency over the years. They’re still blocking some functionality right now, including the ability to earn money with cryptocurrency by completing tasks, and unrestricted dApp browsers,” he said.

Here’s what he posted about the subject on Twitter.

People Mentioned

Brian Armstrong is the co-founder and CEO of Coinbase, one of the largest crypto exchanges in the world (its reported Coinbase holds 966,230 Bitcoin ($7B) in Cold Wallet). Prior to his involvement with the blockchain and Coinbase, Armstrong worked at Deloitte and Touche as an Enterprise Risk Management Consultant.

Coins Mentioned

Companies Mentioned

Coinbase is a digital currency exchange headquartered in San Francisco, California.

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