U.S. Regulation

U.S. App Store to Allow Apps to Skirt 30% Fee on NFT, Crypto Sales Following Apple’s Legal Defeat

Epic Games’ latest victory in its longstanding court battles with Apple could open up a new wave of crypto-powered apps on the company’s U.S. App Store. District Judge Yvonne Gonzalez Rogers, who presides over the Northern District of California, ruled in Epic Games’ favor on Wednesday, demanding that Apple stop restricting app developers from including links or buttons to external methods of making purchases. Such methods are not subject to the steep 30% fee that Apple charges on in-app purchases, or the 27% fee on external purchases. 

While NFT sales were permitted on the App Store before the ruling, any purchases would be subject to Apple’s commission fee. OpenSea’s iOS app, for example, contains no purchase functionality, and only permits users to browse collections. Other apps, such as MetaMask, leveraged an internal browser to allow for commission-free payments. Apple plans to appeal the ruling; however, in the meantime, the company has revised its rules for app developers, allowing such external links in apps on the U.S. App Store. 

Outside the U.S., app developers “…may not include buttons, external links, or other calls to action that direct customers to purchasing mechanisms other than in-app purchase,” according to Apple’s guidelines. Apple still restricts certain crypto apps, such as apps that would use devices to mine crypto or apps that provide users with cryptocy rewards for completing certain activities. 

Epic Games sued Apple in August 2020 after the iPhone maker removed its hit game Fortnite from the App Store. Epic had provoked the company by including a feature to bypass the 30% fee on in-app purchases, then releasing an ad that mocked Apple’s own famous “1984” ad. Fortnite will return to the U.S. App Store as soon as next week, according to Epic CEO Tim Sweeney

Terron Gold

Recent Posts

Senator Murphy Alleges White House Insiders Profited From Iran Strike Bets, Pushes to Ban Prediction Markets on Government Actions

U.S. Senator Chris Murphy (D-Conn.) is calling for legislation to ban prediction markets that allow traders to bet…

2 days ago

IRS Proposes Electronic-Only Delivery For Crypto Tax Forms Under New Reporting Rules

The U.S. Internal Revenue Service (IRS) has proposed a new rule that would allow cryptocy brokers to deliver…

2 days ago

Crypto-Friendly Fintech Revolut Files For U.S. Banking License to Expand Crypto and Payments Services

Global fintech powerhouse Revolut has filed an application for a U.S. banking license, a move that would allow…

2 days ago

Suspect Arrested on Caribbean Island of Saint Martin in $46M Seized Crypto Theft Case

A man accused of stealing tens of millions of dollars in cryptocy from U.S. government…

2 days ago

NYSE Parent ICE Invests in Crypto Exchange OKX at $25B Valuation Amid Tokenized Stocks Push

Intercontinental Exchange (ICE) — the parent company of the New York Stock Exchange — has taken a strategic…

2 days ago

AI Models Favor Bitcoin as a Store of Value, Stablecoins for Payments, BPI Study Finds

A new study from the Bitcoin Policy Institute (BPI) found that leading artificial intelligence models overwhelmingly favor Bitcoin…

2 days ago