Dorsey Slams Apple For Threatening Damus Removal — Crypto Twitter Says, 'Neither You Nor Your Dogeking Successor Ever Integrated…'
Portfolio Pulse from Mehab Qureshi
Apple Inc. has warned decentralized social messaging app Damus of potential removal from the App Store due to non-compliance with guidelines, specifically regarding its integration with the Lightning Network. Twitter co-founder Jack Dorsey criticized Apple's decision, while iStore CEO Joel Teitelbaum criticized Dorsey for not integrating cryptocurrencies into Twitter.
June 14, 2023 | 11:30 am
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NEGATIVE IMPACT
Damus, a decentralized social messaging app, faces removal from the App Store due to its integration with the Lightning Network, a payment protocol for exchanging Bitcoin.
The potential removal of Damus from the App Store could negatively impact Bitcoin transactions within the app, as it relies on the Lightning Network for exchanging Bitcoin. However, the overall impact on Bitcoin's price may be limited, as Damus is just one of many platforms that support Bitcoin transactions.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 60
NEUTRAL IMPACT
Apple warns Damus of potential removal from the App Store due to non-compliance with guidelines, specifically regarding its integration with the Lightning Network.
While the news highlights Apple's strict guidelines for App Store apps, it is unlikely to have a significant short-term impact on the company's stock price. The overall impact of this specific app removal threat is minimal compared to Apple's vast ecosystem.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100