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iMore
Technology
Oliver Haslam

Apple's being sued by Venmo and Cash App users over iPhone crypto transfer fees

IPhone App Store showcasing apps and games sections.

Apple is on the receiving end of a new lawsuit brought by users of the Venmo and Cash App apps accusing the company of abusing its market power to inhibit competition in the peer-to-peer payment market.

It's claimed that the lack of competition means that crypto transaction prices have increased, with a class action lawsuit brought by four crypto fans in New York, Hawaii, South Carolina, and Georgia.

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