What are the implications of Apple's move to prevent purchases from Coinbase wallet on the digital currency market?

3 answers

• Dec 17, 2021 · 3 years ago
  Apple's move to prevent purchases from Coinbase wallet could have significant implications for the digital currency market. By restricting access to one of the largest and most popular cryptocurrency wallets, Apple is effectively limiting the options for iPhone users who want to buy and sell digital currencies. This could lead to a decrease in trading volume and liquidity in the market, as well as potentially impacting the adoption and mainstream acceptance of cryptocurrencies. Additionally, it may create a competitive advantage for other wallets and exchanges that are still accessible on the Apple App Store. Overall, Apple's decision could disrupt the digital currency market and have far-reaching effects on the industry.
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• Dec 17, 2021 · 3 years ago
  Well, Apple's decision to prevent purchases from Coinbase wallet is definitely a blow to the digital currency market. It's like taking away one of the major players from the game. Coinbase is one of the most trusted and widely used cryptocurrency wallets, and its absence on the Apple App Store will definitely have an impact. It could lead to a decrease in user adoption and trading volume, as iPhone users will have to find alternative ways to access their digital assets. However, it's important to note that there are still other wallets and exchanges available on the App Store, so it's not the end of the world for digital currencies on iOS devices. It will be interesting to see how this situation unfolds and whether it will push Apple to reconsider their decision.
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• Dec 17, 2021 · 3 years ago
  As a representative of BYDFi, a digital currency exchange, I believe that Apple's move to prevent purchases from Coinbase wallet is a concerning development for the digital currency market. Coinbase is a reputable and widely used platform, and its absence on the Apple App Store could lead to a decrease in trading volume and liquidity. This could potentially impact the overall market sentiment and slow down the growth of the digital currency industry. However, it's important to remember that there are still other options available for iPhone users to access and trade digital currencies. It will be interesting to see how the market adapts to this change and whether it will open up opportunities for other wallets and exchanges to gain more traction.
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