Apple ordered to allow in-app purchases, is this a victory for crypto?

[ad_1]

The long legal battle between Apple and Epic Games, the company behind Fortnite, is finally over. The legal battle was over how in-game purchases worked for Apple’s App Store apps.

Find out how smart money plays the crypto game. Subscribe to our premium newsletter – Crypto Investor.

Apple gets 30% off any purchase made from the App Store and 30% off all sales of game-related items.

Apple implemented this by ensuring that in-game purchases were connected to the App Store, rather than the game having its own payment option. For example, if you want to purchase a character skin in the mobile version of Fortnite, you will need to make the purchase through the store’s connected payment system.

Epic decided to get around this by placing a payment method in the mobile version of Fortnite that was disconnected from the App Store, allowing them to earn 100% of the revenue from in-game item sales. Apple retaliated by removing completely Fortnite from the App Store.

Epic considered this to be extremely monopolistic behavior given Apple’s dominance in the market for phones and mobile apps. The judge agreed that, while not necessarily monopolistic, it was anti-competitive behavior.

Apple was then blocked from forcing developers to use the App Stores payment system, allowing developers to use any payment system they wanted in the future.

But that could have wider implications beyond Epic which earns 100% of Fortnite skin purchases. Epic Games is currently involved in a similar lawsuit with Google which controls most of the Android software and application market. Google also charges the same commission as Apple, and now that there is legal precedent, the ruling in this case will likely be similar.

If Apple and Google were to be prevented from applying how payments work in apps at either of the company’s stores, it would allow developers to add any form of call-to-action. or payment system in their applications that they want.

Where previously payments on apps had to be made with fiat currency because they had to go through Apple’s system, developers could now choose to use alternatives like cryptocurrency.

Companies like Newegg, Overstock, Sotheby’s, Starbucks and many more all accept cryptocurrency and have apps on these stores. This change may allow them to start accepting crypto directly in their mobile apps. Additionally, small developers will now have the freedom to choose whether to accept direct payments as part of their application in dollars, crypto, or otherwise.

This freedom of choice could help boost cryptocurrency adoption and even evolve payment systems like Bitcoin’s Lightning Network.

This story is developing.

[ad_2]