#AppleCryptoUpdate

The U.S. Federal Appeals Court has overturned the infamous 30% "Apple Tax" imposed on in-app purchases on the Apple platform.

The court ruled that Apple can no longer block developers from linking to external payment systems. "The court found that Apple's 30% commission allowed it to achieve super-competitive operating margins and was not related to the value of its intellectual property, and thus was anti-competitive," the ruling states.

For over a decade, Apple's App Store policy required developers to use a proprietary payment system for in-app purchases, allowing the tech giant to take a 30% cut from everything from digital subscriptions to in-game items.

This "Apple Tax" had been a major source of revenue for the company, but it also posed a significant barrier for developers, especially those operating in the cryptocurrency and NFT space, who could not offer direct purchases of digital assets without inflating prices or removing core features to comply with Apple's rules.