Is the Latest Ruling on Apple-Epic Lawsuit Bullish for Crypto Adoption?
Crypto proponents have suggested that the latest ruling in the case between software giant Apple and Epic, the firm behind the popular game, Fortnite, is a good omen for the crypto industry. The Friday ruling is also significant to the outcome of the case which is informed by the controversy surrounding in-app purchases and purchases on Apple’s app store.
Out of the 10 counts considered by the presiding judge, Yvonne Gonzalez Rogers, only one favored Epic, but the implications are what crypto proponents are rejoicing over. According to reports, Apple had precluded developers from attaching external links redirecting users who want to purchase a service on apps to off-app payment platforms. Thus, Apple was entitled to between 15% and 30% of the revenue generated by developers for in-app purchases.
Epic Files Lawsuit Seeking to Change Apple’s Policies
It was this status quo that Fortnite’s Epic sought to change, instituting the lawsuit against Apple back in May. Epic had created a payment system within the game in a bid to forestall Apple from getting the 30% commission according to its policies. However, Apple, in retaliation deleted Fortnite from its app store such that users could no longer buy or download the game. It was on this basis that the game developer filed a complaint before a US District court citing the software giant as a defendant.
In her ruling on one of the counts, Judge Rogers declared that Apple could not prevent competitors from integrating external links for in-app purchases. This ruling is celebrated by fans of cryptocurrencies including celebrities. There are claims that developers while trying to look for alternatives to Apple’s payment system for in-app purchases will most likely consider crypto payments.
Crypto Proponents Celebrate Court’s Ruling
CBNC’s Crypto Trader show host Ran Neuner issued a tweet in respect of the ruling. In his tweet, Neuner said that the ruling signifies a big win for the crypto industry. He added that Apple has dictated the payment mechanism on in-app purchases for a long time, which highlights the need for new payment methods as per the latest ruling.
Uniswap’s creator, Hayden Adams also joined in on the frenzy with a poser tweet that read, ‘Bullish for crypto? The Friday ruling did not spur any momentum for crypto prices as they remained unmoved after declining from the top on Tuesday.
But the win was not complete for Epic as the court decided that it was not able to prove that Apple is a monopolist due to its in-app policies. Judge Rogers ruled that success is not illegal. Despite the celebration of the said ruling, Apple is likely to appeal the decision within 90 days after which the injunction would take effect. Thus, the celebration may be short-lived.
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