Apple Sued for Limiting P2P Payments Via Crypto And Other Methods


21 Nov 2023 7:26 AM

The class-action lawsuit claims Apple’s restriction of crypto payments may violate anti-trust laws....

  • A class-action lawsuit has been filed against Apple, claiming that the company's restriction of crypto payments may violate anti-trust laws.
  • Apple has faced accusations of non-competitive practices regarding payment methods on their devices in the past, including a landmark case against Epic Games.
  • The lawsuit alleges that Apple heavily restricts cryptocurrencies as an alternative payment method, leading to inflationary price hikes and no viable alternatives for users.
  • Apple is accused of entering anti-competitive agreements with CashApp and Venmo, limiting feature and price competition in the market.
  • The lawsuit also claims that Apple has banned crypto-related apps from its App Store.

The sentiment of the article is negative towards Apple, as it highlights the allegations of anti-competitive practices and restrictions on crypto payments.

Go to publisher site

You May Ask

What is the class-action lawsuit against Apple about?How has Apple been accused of non-competitive practices in the past?What are the allegations regarding Apple's restriction of cryptocurrencies as a payment method?Which peer-to-peer payment platforms are mentioned in the lawsuit?What other actions has Apple taken regarding crypto-related apps on its App Store?

Suggested Reads