Epic Games has filed suit against Apple Inc. for allegedly monopolizing the in-app payments market and making "innovations" like bitcoin payments all but impossible.
- The developer of hyper-popular video game Fortnite claimed in its suit filed Thursday that Apple is acting anti-competitively by imposing an "oppressive" 30% sales tax on app sales as well as banning third-party payments processors from its platform.
- Apple's allegedly monopolistic behavior has hurt payment innovation, Epic claims.
- Would-be competing in-app payment processes could accept "bitcoin or other cryptocurrencies" if not for their outright exclusion, Epic Games said.
- Epic Games demanded the U.S. District Court for the Northern District of California prohibit Apple from acting in an anti-competitive manner and end what it called Apple's stranglehold on in-app payments.
- The lawsuit appears to be a legal volley in a campaign Epic Games began against Apple after the tech giant booted Fortnite from the Apple app store on Thursday.
- Apple cited Fortnite's Thursday implementation of its own in-app payments system as reason for the boot, according to The Verge.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.