Apple sued for blocking crypto tech for P2P payments By Cointelegraph

Disgruntled consumers have filed a class-action lawsuit against Apple (NASDAQ:) claiming the tech giant has conspired to limit peer-to-peer 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.”

Excerpt of the suit alleging Apple restricts decentralized payment technology. Source: PACER