this post was submitted on 25 Jan 2024
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Updated the link to a better source that gives a more detailed overview.

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[โ€“] orclev 22 points 9 months ago (1 children)

In before accessing this new app store disables face unlock, NFC, the fingerprint sensor, and voids your warranty.

[โ€“] [email protected] 16 points 9 months ago

The update will also open up NFC access to alternative payment apps.

Apple does make it very clear that they're being forced to do so by law, though, so don't expect these changes to come out of the EU anytime soon.