Apple sued for blocking crypto tech for P2P payments
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Disgruntled consumers have filed a class-action lawsuit against Apple, claiming the tech giant has conspired to limit peer-to-peer (P2P) payment options on its devices and block crypto technology from iOS payments apps.
The Nov. 17 complaint filed in a California District Court alleges Apple entered into anti-competitive agreements with PayPal’s
The 58-page filing details the history and rise of peer-to-peer payment apps, decentralized cryptocurrencies and Apple’s entry into the market.
In April, the United States Court of Appeals for the Ninth Circuit ruled Apple violated California’s competition laws by not allowing apps to direct users to non-Apple linked payment solutions.
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