Apple Approves Spotify Update Allowing External Payments, Bypassing 30% Fee for Crypto and NFT Apps Amid Appeal Plans

Apple has approved an update to the Spotify app that enables support for external payments, allowing users to make direct purchases and payments outside of Apple’s in-app payment system. This change follows a recent court ruling that found against Apple’s previous policy requiring apps to use its payment system and pay a 30% commission fee. The update marks a shift in Apple’s App Store policies, particularly benefiting crypto, NFT, and decentralized finance (DeFi) applications, which can now bypass the 30% fee by linking to external payment systems. Although Apple plans to appeal the court decision, the new policy is already in effect, signaling potential broad implications for app developers and the digital payments ecosystem on iOS devices. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io