Apple’s In-App Purchase Tax Deemed Illegal by Judge, Potentially Paving the Way for Increased Adoption of Crypto and NFTs
In a recent decision by the US Court of Appeals for the Ninth Circuit, Apple has been found to have violated California’s Unfair Competition Law by prohibiting app developers from using any payment method other than the ones provided by the company’s own App Store, which charges a 30% fee on most transactions. This ruling, which partially overturned a previous verdict, has significant implications for NFT and crypto builders, as it allows developers to send consumers to web-based payment methods directly. This could also lead to more opportunities for Web3 app developers, who were previously restricted by Apple’s policies on NFTs, as they were only allowed to sell NFTs through Apple’s payments system, which took a 30% cut of most transactions. The decision could also pave the way for the use of cryptocurrency in app-related transactions, which is currently prohibited by Apple’s policies. Although Apple has said that it is “considering further review” of the decision, the ruling is a positive step towards a more competitive and open market for developers.
Clever Robot News Desk 26th April 2023