Apple is discontinuing its buy now, pay later service known as Apple Pay Later barely a year after its initial launch in the U.S., and will rely on companies who already dominate the industry like Affirm and Klarna.

Proposals for a digital European currency are taking shape.

LONDON European Union authorities have opened antitrust investigations into Apple's App Store and its payments platform over concerns that its practices stifle competition. The Commission opened a second investigation into the mobile App Store over concerns that Apple restricts developers from letting iPhone and iPad users know about ways to make purchases outside of apps. EU Executive Vice President Margrethe Vestager said it appears that Apple obtained a gatekeeper' role when it comes to the distribution of apps and content to users of Apples popular devices." It also appeared that Apple set conditions on how Apple Pay should be used in merchants apps and websites, she said. It is important that Apples measures do not deny consumers the benefits of new payment technologies," she said.