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Apple move to dismiss US antitrust claims over peer-to-peer payment services

( February 2, 2024, 22:31 GMT | Official Statement) -- MLex Summary: Apple moved to dismiss a US complaint accusing of entering into illegal horizontal agreements with competing iOS peer-to-peer payment services to restrain competition. “Any link between the availability of a decentralized P2P cryptocurrency transaction and P2P cash and credit card transaction fees is far too attenuated to support standing. Further, Plaintiffs’ alleged injury (inflated Venmo and Cash App fees for certain transactions) occurs in a market distinct from the one allegedly restrained by Guideline 3.1.5 (in which Apple supplies application programming interfaces and a platform for developers to distribute apps),” it argued. See document below. ...

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