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Apple’s lost lawsuit paves the way for cryptocurrency

Zachary Pearce by Zachary Pearce
September 11, 2021
in Cryptocurrency
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Apple's lost lawsuit paves the way for cryptocurrency
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The legal battle between Apple and Fortnite game developer Epic Games has ended. The subject of the legal battle was related to in-game purchases in apps on the App Store.

As it is known, Apple received up to 30 percent of all purchases made in the App Store, including in-app purchases. Payments were made mandatory through the App Store’s own infrastructure. That is, it was forbidden for a game to have its own payment method.

Epic Games, on the other hand, placed a payment method in the mobile version of Fortnite that was disconnected from the App Store. In this way, the company would be able to receive 100 percent of the revenue from in-game sales. Apple responded by removing Fornite from the App Store entirely.

Fortnite sued Apple over it. In the months-long lawsuit, the judge ruled that Apple had acted anticompetitively. While preventing Apple from forcing them to use the App Store payment system, developers were allowed to direct users to their own payment system.

Cryptocurrency payments are now possible too

Epic Games can now receive 100 percent of the revenues with the lawsuit it won, while application developers can also receive payments in crypto money. In other words, Starbucks, which is reported to be working on crypto money payments, is experimenting with crypto money again and starting to accept Bitcoin in El Salvador, there is no obstacle for accepting crypto money in its applications. Such a situation will significantly increase the use of cryptocurrencies.

On the other hand, Epic Games is in a similar lawsuit with Google. Since the Apple lawsuit sets a legal precedent, it is thought that the company will also win the fight against Google.

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Risk Disclosure: The articles and articles on Arover.net do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies.

Tags: Applescryptocurrencylawsuitlostpaves
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