MetaMask co-founder: Supporting Coinbase, Apple's 30% tax is "abuse of monopoly"
Coinbase stated yesterday that the iOS updated version of Coinbase Wallet has been blocked by Apple, as Apple insists that users must purchase Gas Fee through the built-in payment system in order for Apple to collect a 30% tax. This unreasonable behavior has drawn criticism from members of MetaMask, who have announced their support for Coinbase.
Oh I'll absolutely stand in solidarity here, I assume MM and every other wallet is next. I'm ready to dump the Apple ecosystem. The 30% tax is an abuse of monopoly. @tim_cook has donned the Big Brother screen. https://t.co/tzcA0Ol658
โ Dan Finlay ๐ฆ๐ (@danfinlay) December 1, 2022
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MetaMask Team Members Oppose Apple's High Taxes
Co-founder of MetaMask, Dan Finlay, expressed on Twitter:
"I believe MetaMask and all other wallets will be the next to fall under Apple's policies. I am ready to leave the Apple ecosystem; a 30% tax is an abuse of monopoly."
Meanwhile, MetaMask's Senior Product Manager, Montoya, sarcastically remarked:
"Does Apple also want to levy a 30% tax on credit card transactions in my Apple Wallet?"
In response to this issue, Dan Finlay referenced the lawsuit between Apple and gaming industry giant, Epic Games, last year. This case added new restrictions to the App Store, requiring iOS apps to allow users to be directed to payment options outside of Apple's offerings.
Therefore, Dan Finlay questions why cryptocurrency usage should be taxed since it is earned externally.
Creating a New External Tax Collection Service
In response to Apple's unreasonable actions, Dan Finlay believes it is time to establish an External prepay tx relay service to prevent Apple's built-in payment system from imposing taxes.
This service could also charge a 30% tax, but the tax could be put to better use, such as establishing a public hardware fund.
Additionally, Dan Finlay mentioned recent discussions with Google employees. Google is currently involved in the above-mentioned ecosystem, which will not make policy decisions authoritatively within an ivory tower like Apple.