Circuit

Apple

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 <p><a rel="noopener noreferrer nofollow" title="Apple" href="https://thebittimes.com/tag/apple.html">Apple</a> is facing a lawsuit from consumers who claim that the company is limiting peer-to-peer payment&nbsp;options. Plaintiffs also claim the company is blocking crypto technology on iOS payments apps.</p>
 <p>The complaint filed in a California District Court on Nov. 17 said that Apple allegedly entered anti-competitive agreements with&nbsp;PayPal’s Venmo&nbsp;and Block’s&nbsp;Cash App. As per the filing, the company allegedly wants to restrict the use of decentralized crypto technology in payment applications. According to the filing, the company’s actions have led to users paying rapidly inflating prices.</p>
 <p><strong>Also read: <a rel="noopener noreferrer nofollow" title="Apple" href="https://thebittimes.com/tag/apple.html">Apple</a> announces it’ll make parts available for repairs nationwide</strong>.</p>
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 <p>As per the filing, “<strong>These agreements limit feature competition—and the price competition that would flow from it—marketwide, including by barring the incorporation of decentralized cryptocurrency technology within existing or new iOS Peer-to-Peer Payment apps.</strong>“</p>
 <figure class="wp-block-image size-full"><img decoding="async" width="804" height="480" src="https://cdn.thebittimes.com/images/2023/11/21/bb6cafce72edaea6e4904ff93608296e.webp" alt class="wp-image-119558" srcset="https://cdn.thebittimes.com/images/2023/11/21/bb6cafce72edaea6e4904ff93608296e.webp 804w, https://cdn.thebittimes.com/images/2023/11/21/bb6cafce72edaea6e4904ff93608296e.webp 300w, https://cdn.thebittimes.com/images/2023/11/21/bb6cafce72edaea6e4904ff93608296e.webp 768w, https://cdn.thebittimes.com/images/2023/11/21/bb6cafce72edaea6e4904ff93608296e.webp 380w, https://cdn.thebittimes.com/images/2023/11/21/bb6cafce72edaea6e4904ff93608296e.webp 550w, https://cdn.thebittimes.com/images/2023/11/21/bb6cafce72edaea6e4904ff93608296e.webp 800w" sizes="(max-width: 804px) 100vw, 804px">
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   Source: PACER
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 <p>Furthermore, the complaint alleges that Apple utilizes “technological and contractual restraints.”<strong>&nbsp;</strong>These restraints include hardware-enforced App Store exclusivity and “contractual limitations on web browser technology” to “exercise unfettered control over every app installed and run on iPhones and iPads.”</p>
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 <h3 class="wp-block-heading" id="h-what-are-the-plaintiffs-demands-from-apple">What are the plaintiffs’ demands from Apple?</h3>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="768" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" alt class="wp-image-58310 ewww_webp" sizes="(max-width: 1024px) 100vw, 1024px" data-src-img="https://cdn.thebittimes.com/images/2023/11/21/e4ef06c0ce694130f205f10a8fa30af0.webp" data-src-webp="https://cdn.thebittimes.com/images/2023/11/21/e4ef06c0ce694130f205f10a8fa30af0.webp.webp" data-srcset-webp="https://cdn.thebittimes.com/images/2023/11/21/e4ef06c0ce694130f205f10a8fa30af0.webp.webp 1024w, https://cdn.thebittimes.com/images/2023/11/21/e4ef06c0ce694130f205f10a8fa30af0.webp.webp 300w, https://cdn.thebittimes.com/images/2023/11/21/e4ef06c0ce694130f205f10a8fa30af0.webp.webp 768w, https://cdn.thebittimes.com/images/2023/11/21/e4ef06c0ce694130f205f10a8fa30af0.webp.webp 380w, https://cdn.thebittimes.com/images/2023/11/21/e4ef06c0ce694130f205f10a8fa30af0.webp.webp 550w, https://cdn.thebittimes.com/images/2023/11/21/e4ef06c0ce694130f205f10a8fa30af0.webp.webp 800w, https://cdn.thebittimes.com/images/2023/11/21/e4ef06c0ce694130f205f10a8fa30af0.webp.webp 1160w, https://cdn.thebittimes.com/images/2023/11/21/e4ef06c0ce694130f205f10a8fa30af0.webp.webp 1200w" data-srcset-img="https://cdn.thebittimes.com/images/2023/11/21/e4ef06c0ce694130f205f10a8fa30af0.webp 1024w, https://cdn.thebittimes.com/images/2023/11/21/e4ef06c0ce694130f205f10a8fa30af0.webp 300w, https://cdn.thebittimes.com/images/2023/11/21/e4ef06c0ce694130f205f10a8fa30af0.webp 768w, https://cdn.thebittimes.com/images/2023/11/21/e4ef06c0ce694130f205f10a8fa30af0.webp 380w, https://cdn.thebittimes.com/images/2023/11/21/e4ef06c0ce694130f205f10a8fa30af0.webp 550w, https://cdn.thebittimes.com/images/2023/11/21/e4ef06c0ce694130f205f10a8fa30af0.webp 800w, https://cdn.thebittimes.com/images/2023/11/21/e4ef06c0ce694130f205f10a8fa30af0.webp 1160w, https://cdn.thebittimes.com/images/2023/11/21/e4ef06c0ce694130f205f10a8fa30af0.webp 1200w" data-eio="j">
  <noscript><img decoding="async" width="1024" height="768" src="https://cdn.thebittimes.com/images/2023/11/21/e4ef06c0ce694130f205f10a8fa30af0.webp" alt="" class="wp-image-58310" srcset="https://cdn.thebittimes.com/images/2023/11/21/e4ef06c0ce694130f205f10a8fa30af0.webp 1024w, https://cdn.thebittimes.com/images/2023/11/21/e4ef06c0ce694130f205f10a8fa30af0.webp 300w, https://cdn.thebittimes.com/images/2023/11/21/e4ef06c0ce694130f205f10a8fa30af0.webp 768w, https://cdn.thebittimes.com/images/2023/11/21/e4ef06c0ce694130f205f10a8fa30af0.webp 380w, https://cdn.thebittimes.com/images/2023/11/21/e4ef06c0ce694130f205f10a8fa30af0.webp 550w, https://cdn.thebittimes.com/images/2023/11/21/e4ef06c0ce694130f205f10a8fa30af0.webp 800w, https://cdn.thebittimes.com/images/2023/11/21/e4ef06c0ce694130f205f10a8fa30af0.webp 1160w, https://cdn.thebittimes.com/images/2023/11/21/e4ef06c0ce694130f205f10a8fa30af0.webp 1200w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Source: Economic Times
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 <p>The plaintiffs aim to recover funds for the excessive fees and overcharging, allegedly due to <a rel="noopener noreferrer nofollow" title="Apple" href="https://thebittimes.com/tag/apple.html">Apple</a>’s actions. The lawsuit sheds light on the history and rise of peer-to-peer payment applications and crypto assets. It also notes <a rel="noopener noreferrer nofollow" title="Apple" href="https://thebittimes.com/tag/apple.html">Apple</a>’s entry into the crypto market.</p>
 <p><strong>Also Read: How Many People Use <a rel="noopener noreferrer nofollow" title="Apple" href="https://thebittimes.com/tag/apple.html">Apple</a> Pay in 2023?</strong></p>
 <p>Moreover, this is not the first time the tech giant has faced a lawsuit for blocking applications. In April, the Court of Appeals for the Ninth Circuit found the company guilty of violating California’s competition laws. As per the ruling, the company did not allow applications to take users to non-<a rel="noopener noreferrer nofollow" title="Apple" href="https://thebittimes.com/tag/apple.html">Apple</a>-linked payment methods.</p>
 <p>The tech giant has not released any statement, and we are yet to see how the lawsuit will unfold.</p>
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  <li>Apple</li>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/apple-faces-lawsuit-for-blocking-crypto-payment-tech-tbt71012.html">https://thebittimes.com/apple-faces-lawsuit-for-blocking-crypto-payment-tech-tbt71012.html</a></p>

Apple Faces Lawsuit For Blocking Crypto Payment Tech

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