As Apple Enters Open Banking a Dangerous Paradox Comes to Light
The Fintech Times
DECEMBER 28, 2023
If you are an iPhone user, no chance to pay for your groceries via your PayPal or Venmo app. It is no wonder the American Consumer Protection Bureau and the EU’s competition watchdog are sounding the alarm. Google has not yet done so, but Apple has. In essence, Apple’s grip on the NFC-chip foils the very idea of open banking.
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