A lawsuit was filed against Apple for slowing down the development of crypto services

The US Department of Justice has filed a lawsuit in the federal court of New Jersey against Apple for slowing down the development of cryptocurrency services.

A lawsuit was filed against Apple for slowing down the development of crypto services

The agency accused the firm of using its dominant position in the smartphone market to force software developers to use payment systems to retain customers on the organization's platform. Apple employees allegedly adopted rules and restrictions that allow the company to charge high fees, hinder innovation and reduce competition.

Apple's anti—competitive activities not only limited competition in the smartphone market, but also had an impact on industries affected by these measures, including the financial industry, the statement of claim states.

Apple charges app creators a 0% commission, and the company's payment system is compatible only with fiat currencies. Therefore, the integration of cryptocurrencies into programs for portable equipment turned out to be either impossible or economically meaningless. Thus, entrepreneurs whose business is related to digital assets were actually discriminated against and could not compete with traditional financial services.

Source: https://happycoin.club/protiv-apple-podali-isk-v-sud-za-tormozhenie-razvitiya-kriptoservisov/

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