A group of Venmo and Square cash users has banded together to complain about instant transfer fees and industry distrust in cryptocurrency in what appears to be a frivolous lawsuit filed against Apple.
Apple Cash is under fire in latest lawsuit
The lawsuit’s entire claim hedges on the idea that Apple’s App Store guidelines act as a horizontal competition agreement that would infringe on antitrust laws. Basically, because Apple requires cryptocurrency peer-to-peer transactions to go through an exchange, it has given itself, Block, PayPal, and Google Pay an advantage over alternatives.
Crypto zealots lead frivolous lawsuit against ‘Apple led cartel’
Crypto zealots lead frivolous lawsuit against ‘Apple led cartel’