Apple

In a recent development, two esteemed US lawmakers, Gus Bilirakis (R-FL), and Jan Schakowsky (D-IL), have reached out to the renowned Apple CEO, Tim Cook, seeking clarification on the company’s App Store guidelines.&nbsp; 
<h2 id="b-details-of-the-letter-b">Details of the Letter</h2> 
<a href="https://bilirakis.house.gov/sites/evo-subsites/bilirakis.house.gov/files/evo-media-document/23.07.28-apple-app-store-blockchain-letter_0.pdf" rel="noopener noreferrer nofollow">According to the sent letter</a>, the representatives’ inquiry primarily revolves around the potential impact of these guidelines on the growth and innovation of cutting-edge technologies, like Distributed Ledger technology (DLT) and Non-Fungible Tokens (NFTs).&nbsp; 
NFTs and DLT have gained significant traction in various industries, promising innovative solutions and transformative applications. However, <a href="https://bilirakis.house.gov/media/bilirakis-blog/bilirakis-and-schakowsky-seek-answers-apple-app-store-and-blockchain-apps-0" rel="noopener noreferrer nofollow">the representatives’ apprehensions imply that Apple’s App Store guidelines</a> could be posing barriers to entry for companies and developers trying to explore and implement these technologies on iOS devices. 
Also, the representatives noted that Apple has utilized its App Store guidelines to boost its profits while reducing the utility of apps in blockchain-related technology. By seeking clarification from Apple, Bilirakis, and Schakowsky aim to facilitate an environment where emerging technologies can thrive without unnecessary constraints.&nbsp; 
<h2 id="b-apple-uses-the-app-store-as-weapon-b-span-style-font-weight-400-span">Apple uses the App Store as Weapon&nbsp;</h2> 
While the California-based company argued that its rules increase security, many are concerned that Apple has used the App Store as a major weapon against its competitors. The company was also accused of unilaterally applying several technical and experience-limiting restrictions, thereby blocking App Store-enhancing upgrades. 
Ultimately, the letter serves as a reminder of the vital role that collaboration between government representatives and technology giants can play in shaping the future. It symbolizes a collective effort to build an ecosystem where technological advancements can flourish, benefiting not only businesses but also society as a whole. However, the representatives gave 
Tim Cook till August 14, 2023, to respond to its letter which has lots of questions entailed in it. 
<h2 id="b-apple-allows-nft-related-apps-on-its-app-store-b">Apple Allows NFT-related Apps on its App Store</h2> 
Recall that last year, the tech giant started <a href="https://thecoinrise.com/apple-to-allow-nft-related-apps-on-its-app-store/" rel="noopener noreferrer nofollow">accepting the addition of NFT apps and games to its app Store</a> after so many delays. The new apps contain NFTs, and creators of existing apps will now sell NFTs via its store. Although, there is a huge 30% cut of every transaction for the company. 
As a result of the 30% company tax, former Apple employee and MetaMask co-founder Dan Finlay said he <a href="https://thecoinrise.com/metamask-ceo-dan-finlay-is-ready-to-dump-apple-ecosystem/" rel="noopener noreferrer nofollow">supports the crypto sector moving away from Apple’s App Store</a>. He calls the tax on in-app purchases, “an abuse of monopoly”. 
The post <a rel="noopener noreferrer nofollow" href="https://thecoinrise.com/us-reps-sends-quizzes-apple-ceo-on-app-store-guidelines/">US Reps Sends Quizzes Apple CEO on App Store Guidelines</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://thecoinrise.com">Latest News and Insights on Blockchain, Cryptocurrency, and Investing</a>.

US Reps Sends Quizzes Apple CEO on App Store Guidelines

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