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Fortune
Fortune
Marco Quiroz-Gutierrez

Coinbase says Apple is demanding 30% cut of NFT gas fees before wallet update

Apple store (Credit: Budrul Chukrut—SOPA Images/LightRocket/Getty Images)

Coinbase said Thursday that Apple is blocking the latest update to its digital wallet on iOS until the crypto exchange either shares 30% of gas fees from NFT sales or disables the ability to send them.

Coinbase claims that Apple wants gas fees to be paid through a system that takes a 30% cut of all in-app purchases for applications on Apple devices. But a tweet by the Twitter account for Coinbase Wallet claims that this isn’t even possible, comparing it to Apple wanting to take a cut for every email sent over the internet. Apple generally charges a 30% fee for any app sold via its app store, as well for in-app purchases, such as buying more lives on Candy Crush or a skin in Minecraft.

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