Apple Prevails Against Consumers' Antitrust Case on Crypto-Payments

A federal court in San Francisco dismissed a consumer complaint accusing Apple of increasing prices on platforms like Venmo and Cash App

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U.S. District Judge Vince Chhabria ruled on Tuesday, opening a new tab, that the proposed class action is "speculative" and "suffers from several fatal problems."

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The November 2023 complaint claimed that Apple was restricting Bitcoin technology in its popular App Store, reducing competition for peer-to-peer payments.

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It has increased prices for cash and credit card transactions at PayPal's Venmo and Block's Cash App. According to the report, Apple has rejected at least two Bitcoin wallet apps

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On Tuesday, Apple did not immediately reply to a request for comment. The corporation has denied all wrongdoing.

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