Apple’s crypto policies, according to Coinbase’s CEO, indicate “possible antitrust difficulties.”
Apple’s App Store policies, according to Brian Armstrong, CEO of Coinbase, have impeded the company’s product plan, blaming Apple of prohibiting features from their app and overall being unfriendly to the bitcoin business.
“Apple hasn’t really played nice with crypto,” Armstrong added. “They’ve actually blocked a bunch of things that we’d like to have in the app, but they just won’t allow it — so there could be antitrust issues there.”
Armstrong made the revelation during a podcast interview he had while in India earlier this month. The co-founder of the publicly traded firm discussed Apple’s influence and suggested that smartphones may soon need to include crypto-specific hardware features in an edition of Superteam Podcast that aired this week.
“There will have to be crypto-compatible phones,” he stated, adding that he believes they will become extremely popular in the future.
A request for comment from Apple was not returned.
When asked if Coinbase would ever release its own hardware wallet, Armstrong revealed the information. He claimed that the company already has a co-branded hardware wallet with Ledger, but that the two big mobile operating systems need to expand their ecosystem of products to include crypto.