The move is mystifying, Blockchain said, because its app has been in the App Store without incident for two years and secured more than 120,000 downloads. "The only thing that has changed is that bitcoin has become competitive to Apple's own payment system," Blockchain said. "By removing the blockchain app, the only bitcoin wallet application on the App store, Apple has eliminated competition using their monopolistic position in the market in a heavy handed manner."
This move effectively bans Bitcoin on Apple devices, as Blockchain was the only bitcoin wallet app available in the iTunes store.
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