Tag: Block

Apple sued over mobile payments market competition abuse allegations

Stephanie Beck
Mobile payments - Apple - Lawsuit

Venmo and Cash App customers have filed a class action lawsuit against the iPhone maker. PayPal’s Venmo and Block’s Cash App customers have sued Apple Inc. in a proposed class action lawsuit accusing the iPhone maker of having required consumers to pay “rapidly inflating prices” by manipulating mobile payments market competition. The class action lawsuit was filed by four customers from Georgia, Hawaii, New York and South Carolina. The mobile payments competition lawsuit was filed in a San Jose, California federal court. The filing accuses Apple of having violated US…

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Block is working on creating a new crypto wallet gadget

Sam Lambert
Crypto Wallet - Cryptocurrency

Jack Dorsey’s company formerly known as square is using a hexagonal device for the purpose. Block, Jack Dorsey’s mobile payment company formerly called Square, is currently working on a new gadget that will work as a crypto wallet. The hexagonal device has a finish that makes it look as though it is one of several types of rock. These hexagonal rock-like crypto wallet gadgets are equipped with USB ports and, according to an image tweeted by Block hardware head Jesse Dorogusker, it may also feature a fingerprint reader. That said,…

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