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Congress just took a shot at Apple for suppressing blockchain technology

July 31, 2023
in Web3
Reading Time: 2 mins read
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TL;DR

Congress despatched a letter of criticism to Tim Cook dinner, claiming Apple’s App Retailer guidelines are hindering the progress and development of cutting-edge improvements like blockchain and NFTs.

The letter means that congress sees these guidelines as anti-competitive and doubtlessly monopolistic.

Full Story

We learn the letter of criticism despatched from congress to Tim Cook dinner, so that you don’t must.

Right here’s the letter, translated as if it have been a few mates having a heart-to-heart over a beer.

Representatives Gus Bilirakis and Jan Schakowsky stated one thing to the tune of:

“Timmy, my man… Look, we don’t need to level fingers, however ah…we will’t assist however discover your App Retailer guidelines are a little bit dated.

We’ve had a have a look at them and there’s an opportunity they could be inadvertently hindering the progress and development of cutting-edge improvements like blockchain and NFTs.

From the surface trying in, it feels such as you’re capitalizing on this new know-how, whereas concurrently limiting the performance of the apps that use it.

It’s like…capitalize on the tech all you need (you do your factor!) – however don’t punish others which can be attempting to do the identical, yeah?

You retain mandating these ‘lite’ variations of crypto apps, that strip away performance, hurting the person expertise and improvement of the underlying tech…

All whereas Apple continues to profit, regardless.

That line you retain towing? the one:

‘You’ll be able to settle for funds in your app so long as it goes by means of our Apple funds system…which btw, doesn’t settle for blockchain funds’

Yeah, properly, some would possibly have a look at that as an try to suppress competitors.

And you know the way we (congress) really feel about anti-competitive conduct. We gained’t tolerate it.

So ease up, yeah?

Alright, now – whose spherical is it?“

Fin.

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Tags: AppleBlockchainCongressShotsuppressingTechnology
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