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It was only five years ago that Epic Games’ Josh Adam and Bill Bramer were onstage at Apple’s WWDC demoing Fortnite and talking about how incredible the iOS platform is for developers. Unless you’ve been hiding under a rock, you know where this is going.
The legal and public relations battle that Epic launched against Apple for delisting its app from their stores demonstrates a clear rebellion against the power of the platform that it once headlined.
Epic Games isn’t David fighting Goliath. Sure, it’s fiscally insignificant compared to Apple: revenue of $4.2 billion in 2019 versus Apple’s $260.2 billion. But we’re still talking billions, and it will have an impact far beyond these two companies.
In the beginning, Epic looked like it was taking a stand against injustice and representing all gaming companies who suffer that 30% cut in revenue on all in-app transactions. But the longer this goes
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Speaking at the LA Blockchain Summit conference on October 6, Ripple co-founder, Chris Larsen, slammed the United States for falling behind in the race to design “the next generation of the global financial system.”
The address expanded on some of Larsen’s frustrations with U.S. regulations that has led to the company considering moving to a different jurisdiction.
Larsen argues the U.S. has fallen “woefully behind” in the ongoing “tech cold war with China,” asserting that China’s central government has outpaced American lawmakers in providing legislative clarity, allocating resources, building infrastructure, and fostering innovation in blockchain and other emerging technologies, including big data, surveillance, and A.I.
“China has recognized that those technologies are the keys to who is going to control the next gen financial system […] SWIFT and correspondent banking is not going to be the system we are going to be living with over the next two decades.”