What Will Coinbases Crypto App Store Have?

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Coinbase continues to roll out new features in order to stay ahead of the competition. The stock price still continues to fall at the moment trading at $251 per share down 1.38% today but has come off of it's lows of $220 levels as of just a week ago.

Coinbase has continued to roll out new stuff since it's gone public all of which haven't been higher fees which is what I was expecting. Instead at the moment they have been adding more assets to the marketplace such as Dogecoin and others which continues to drive more revenue for the company.

Now Coinbase wants to introduce it's own App store.

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What will this App store have in it?

The goal of this new app platform is to allow third party crypto apps calls dApps to be added to it. This would put Coinbase on the same playing field of the likes of apple or google store but make it the first only crypto storefront which could be a major win for Coinbase.

The only issue with this? Governments and their stupid greedy hands and laws. It's still not clear what crypto is how it's taxed and what the real rules of it all. But at the moment with it being a "stock" it would mean you have to pay taxes when trading or selling. This could make in app purchases via this store front very expensive and even worse highly trackable by governments.

You might end up waving all your anomality rights out the window by connecting into the storefront and using it. However I feel this only applies to a small amount of older school investors and not the new. This also will pave the way for gaming in a big way to start tapping into Fiat systems quickly via Coinbase to make crypto purchases on this app would could be HUGE for games such as Splinterlands as I foresee the coinbase app store being a huge player in the months to come.

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8 comments
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(Edited)

Not sure I would care coming from a company that needs to violate my privacy to process a payment. Seems like a bunch of cavemen at coinbase who don't deserve my money.

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Really? How is that?

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You didn't get this email?

...

We need to collect some identity information from you in order to comply with new financial regulations. Verifying the identity of our customers helps ensure that everyone can continue to use our products and services in a safe and secure way. We appreciate your help with this process.

How do I verify my identity?

Sign in to Coinbase by going to http://www.coinbase.com/signin using a web browser

Alternatively, open your Coinbase app on your phone. Be sure to download the latest version from Google Play or the App Store before signing into your account

Once you sign in to Coinbase, you'll automatically be prompted to “Verify identity”

Provide some basic identity info and you’ll be all set

Please make sure to provide accurate information and use your legal name, address, and date of birth.

If you don’t verify your identity by 23 July 2021, your account will be limited to withdrawals and you won’t be able to use Coinbase for buying, selling, converting, and receiving crypto. You will still be able to withdraw your crypto assets until 21 September 2021, after which you’ll need to verify your identity to continue using your account for transacting.

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That sums up their authoritarian bullshit pretty well, not sure why I would give my money to a company who needs private information go process it. Seems like outdated useless tech.

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Wooo, I don't use Coinbase for anything at all. So this is the first time am hearing of this.

However, this is something I'd never do lol.

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(Edited)

I'd rather go to jail than help them prevent a crime anyway, the government is the real criminal organization. Tax is a crime, and everyone who wants you to serve their image is just a washed up master in the slave trade.

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Well, this was unexpected and I see it as a big win regardless of a lot "crisis" that may occur.

At the moment, so many things are better left untold because little does anyone know what's gonna pop up next.

Coinbase really hitting to stay above.

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third party crypto apps calls dApps to be added to it

Yea I am not a fan of them adding a bunch of stuff on top. I will only use it to buy some crypto but I don't think I will use the apps.

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