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@ninjanewsioApple Under Legal Scrutiny for Supposedly Limiting Crypto Innovation in iOS P2P Transactions
https://t.co/SejMR7e3UL
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Apple is facing a lawsuit filed by Venmo, Cash App, and Square Cash users over high transfer fees and alleged limitations on cryptocurrency technology for peer-to-peer payments. The lawsuit accuses Apple of creating industry distrust in cryptocurrency and having a preferential agreement with PayPal and Block, which restricts the use of decentralized cryptocurrency technology. The lawsuit is described as frivolous by some, but it highlights the ongoing legal scrutiny of Apple's practices in P2P transactions and its impact on the cryptocurrency industry.