Apple sued in class action for blocking crypto p2p payments

Consumers have filed a class-action lawsuit against Apple in a California federal court, alleging the company conspired with PayPal's Venmo and Block's Cash App to restrict decentralized cryptocurrency technology in iOS peer-to-peer payment apps. The Nov. 17 complaint says these agreements caused users to pay "rapidly inflating prices" and limit price competition. The plaintiffs also allege Apple uses hardware-enforced App Store exclusivity and contractual limits on web browser technology to control apps on iPhones and iPads, and they seek damages for excessive fees along with injunctive relief.