The lawsuit's plaintiffs include Venmo and Cash App users who have paid inflated fees due to Apple's anti-competitive trade agreements
On November 17, a lawsuit was filed in a California District Court against Apple, alleging that the company entered into anti-competitive agreements with its competitors in the iOS Peer-to-Peer Payment (P2P) market, causing consumers to pay “rapidly inflating prices.”
The lawsuit claimed that Apple entered into agreements with PayPal's Venmo, Block's Cash App, and Google's Google Pay to restrict the use of decentralised crypto technology in their payment apps.