Apple Faces Class Action Lawsuit Over Alleged Monopolistic Practices in iOS Payment Apps
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Apple faces class action lawsuit alleging anti-competitive conduct in iOS peer-to-peer payments market.
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Lawsuit claims Apple entered agreements with Venmo and Cash App to limit crypto technology in iOS payment apps.
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Plaintiffs say Apple uses restrictions like App Store exclusivity to control payment apps.
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Lawsuit seeks damages for inflated fees due to alleged anticompetitive conduct.
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In April, court ruled Apple violated CA competition laws by not allowing payment links outside App Store.