New EU regulations will compel Apple to allow alternative app stores and programmes without requiring users to go through its App Store, which is a gain for creators of cryptocurrency-related apps.
Technology giant Apple is preparing to allow third-party app stores on its devices to meet the European Union’s new antitrust requirements. Europe.
According to a December 13 report from Bloomberg, under the new rules, European customers will be able to download alternative app marketplaces outside of Apple’s own app store, paying Apple’s 30% fees and app caps. You will be able to download an app that avoids person quoted.
Now, Apple has strict rules for his NFT app, effectively forcing users to make in-app purchases subject to Apple’s 30% fee, but the app allows cryptocurrency payments. is not allowed to support
Updates to Coinbase’s self-custody wallet app were suspended on March 12 due to enforcement of regulations by Apple. 1 because Apple wanted to collect “30% of gas bills” through in-app purchases, which Coinbase said was “clearly impossible.”
Apple then claimed that he wanted NFT transactions to be voided in his wallet if he could not perform them through the in-app purchase system.
Alex Salnikov, co-founder of NFT marketplace Rarible, tweeted on Dec. 13 in response to the news that a “cryptocurrency app store” could be built and would be a “strong contender” for venture-backed startups. Did.
Apple has decided to open up its ecosystem in response to the EU’s Digital Markets Act, which aims to manage so-called “gatekeepers” and ensure that platforms operate fairly. One of the measures is to allow “third parties to interoperate with Gatekeeper’s own services”.
Businesses will have to comply fully with this directive by May 2024, which will come into force in May 2023.
Apple has not yet determined whether to comply with legal provisions that allow developers to integrate alternative payment methods into programs in which Apple does not participate. Compliance may allow the use of cryptocurrencies in payment systems.