Disgruntled consumers have filed a class-action lawsuit against Apple, claiming the tech giant has conspired to limit peer-to-peer (P2P) payment options on its devices and block crypto technology from iOS payments apps.
The Nov. 17 complaint filed in a California District Court alleges Apple entered into anti-competitive agreements with PayPal’s Venmo and Block’s Cash App to restrict the use of decentralized cryptocurrency technology in payment apps, which caused users to pay “rapidly inflating prices.”