Epic Games Wins Court Battle Against Apple Impacting Crypto Industry
Landmark Court Ruling
Epic Games achieved a significant legal victory against Apple's anti-steering policy, following a US court of appeal's decision. This ruling is poised to create substantial ripples within the crypto industry by allowing developers to bypass Apple's store fees, thus potentially reducing prices for consumers.
Impact on Crypto Developers
With the court's decision, crypto developers can now direct users to external websites for transactions. This change enables developers to offer products and services at more competitive prices by avoiding the high fees previously enforced by Apple's App Store. The decision is expected to benefit both developers and consumers by providing more purchasing options.
Apple's App Store Policies
Despite the favorable ruling for Epic Games, the Ninth Circuit Court of Appeals upheld certain aspects of Apple's App Store policies. While the court recognized Apple's anti-steering provisions as anti-competitive, it did not find Apple in violation of antitrust laws. Epic Games' claims under the Sherman Act, which alleged monopolistic practices in app distribution, were not substantiated.
Industry Reactions
The ruling has sparked conversations within the tech and crypto communities. Dan Finlay, co-founder of MetaMask, previously criticized Apple's 30% in-app purchase fee, labeling it as monopolistic. This court decision may encourage the crypto industry to seek alternative distribution methods outside the App Store's constraints.
Future Implications
Epic Games is reportedly planning its next moves to capitalize on this legal victory. The decision marks a pivotal moment for the crypto sector, potentially reshaping app distribution and pricing strategies on iOS platforms. As developers explore new opportunities, consumers may see enhanced accessibility and affordability in crypto-related offerings.
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