Paradigm shift: Apple opens mobile payments to rivals after EU antitrust pressure 📲; N26 expands into stock trading as part of profitability push 💸; Coinbase fights back against the SEC 😤

FinTech is Eating the World, 19 January

Hey Everyone,

TGIF! We just had another intense week in the financial technology space. To finish it off with a high note today we’re looking at Apple opening mobile payments to rivals after EU antitrust pressure (why it’s a paradigm shift, what will be the implications + some bonus deep dives), N26 that’s expanding into stock trading as part of profitability push (why it matters + deeper dives into N26 and their mistakes), and Coinbase that fights back against the SEC (why it’s important for the industry + some solid bonus dives into Coinbase). Let’s jump straight into the awesome stuff 🌶

Paradigm shift: Apple opens mobile payments to rivals after EU antitrust pressure 📲

The news 🗞️ Under pressure from European Union antitrust regulators, Apple AAPL 0.00%↑ has agreed to open up the NFC technology behind its Apple Pay mobile payments system to rival payment services in Europe.

The move aims to address competition concerns raised by the European Commission about Apple's exclusive control over contactless payments on iOS devices.

Let’s take a look and see why this is a pivotal shift.