New antitrust requirements in a new European Union bill that will take effect in 2024 are forcing Apple to abandon its policy of banning third-party app downloads.
Tech giant Apple is forced to allow downloads of iPhone and iPad apps from third-party sources to meet new EU requirements, Bloomberg reports.
Apple’s possible abandonment of its policy banning downloads of software from outside the App Store will open up new opportunities for crypto app providers. First and foremost, it’ll eliminate the commission fees Apple imposes.
Recall that in late September, the corporation allowed selling NFTs in apps available in the App Store, but required developers to pay a 30% commission on each internal sale. More recently, Apple restricted user access to the Coinbase Wallet app by prohibiting users from sending NFTs, now claiming 30% of the commission that users pay when sending NFTs. Despite Coinbase’s assurance that this requirement is “technically infeasible,” the corporation doesn’t intend to give up its claim.
A new Digital Markets Act will come into force in the EU in early 2023. According to the bill, by 2024, tech companies must allow apps to be installed from any source and allow users to change the default settings.
Recently, there have been rumors about Apple’s plans to create its own Metaverse.
