Jeremy Allaire, CEO of Circle, sparked excitement on social media by hinting that the USDC stablecoin will soon enable tap-to-pay on iPhones.
New Use of NFC in iPhone
Now that Apple has unlocked its NFC chip for third-party app developers, the integration of Tap-to-Pay features has become possible for crypto wallets. Previously, only Apple Wallet and Apple Pay could use the NFC chip.
Impact on Mobile Payments
This means iPhone users could soon make USDC transactions through PoS terminals or even between two iPhones, with transaction details transmitted securely through NFC. Allaire clarified that Circle is not affiliated with Apple, and this new feature is not related to Apple Pay. Rather, it is about providing developers the possibility to build unique payment solutions.
Prospects for Developers
Crypto wallet developers can create systems where users can authenticate transactions with Face ID and complete payments on the blockchain. This development is not limited to USDC and can be used for NFTs, other stablecoins, and various certificates, expanding the potential of mobile payments and digital asset exchange. Allaire also encouraged crypto wallet developers to begin integrating with the latest iOS SDKs and suggested that PoS hardware and software companies should prepare their systems to accept NFC-based payments and facilitate USDC settlements.
When this feature is launched, it is likely to transform the perception of mobile payments, particularly in the context of cryptocurrencies.
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