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Apple will allow European users to purchase NFTs and cryptocurrencies in third-party app stores to comply with the EU's new antitrust law

2022-12-14 12:00:34
Collection

ChainCatcher news, in compliance with the new EU antitrust law, tech giant Apple will allow its European users to purchase NFTs and cryptocurrencies from third-party app stores. Previously, Apple had strict regulations on NFT applications, requiring users to make purchases within Apple's own App Store and pay a 30% commission to Apple, with no option to use cryptocurrency for payments.

Apple's latest move to open its ecosystem can be seen as a response to the EU's Digital Markets Act, which aims to regulate so-called "gatekeepers" and ensure platforms act fairly, allowing "third parties to interoperate with the gatekeepers' own services." (source link)

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