• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Circle to Introduce Tap-and-Go USDC Payments on iPhones

user avatar

by Giorgi Kostiuk

2 years ago

  1. Announcement by Jeremy Allaire
  2. Using Apple's Technology
  3. Future of Crypto Payments


    4. Circle's CEO Jeremy Allaire announced a new feature that will enable iPhone users to make USDC payments using tap-and-go technology.

    Announcement by Jeremy Allaire

    Jeremy Allaire revealed in a recent post on X that Circle is preparing to launch USDC payments on iPhone. Allaire explained that the new feature will enable fast, low-cost blockchain networks for direct-to-merchant USDC payments, especially for point-of-sale systems.

    This would allow a point of sale to tell an iPhone what blockchain address it will accept USDC on, or the amount to pay, and then the iPhone-based wallet app could prompt the user to confirm a payment (like with FaceID) and initiate a transaction over the blockchain to settle the USDC.Jeremy Allaire

    Using Apple's Technology

    The new payment option is expected to use Apple's NFC chip and Secure Element, which were previously limited to Apple Wallet and Apple Pay. Allaire referenced a recent Bloomberg report which claims that Apple is opening up its payment technologies to allow third parties to offer their services natively on iPhones.

    Future of Crypto Payments

    Allaire also noted that the expanded NFC access could extend beyond USDC to applications such as NFTs, other stablecoins like EURC, and various digital certificates. This reflects the growing trend of payment firms adopting cryptocurrencies.

    Circle's new feature demonstrates significant changes in the field of cryptocurrency and payment technologies, offering users more convenient and secure transaction options.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Bitcoin's Integration into Web3 Ecosystem Strengthens Its Position

chest

Bitcoin is becoming more integrated into the Web3 ecosystem, enhancing its support level and increasing its utility through partnerships that create real-world value for digital assets.

user avatarMiguel Rodriguez

EU Sticks to Ban on Russian LNG Imports Amid Energy Crisis

chest

The European Union is committed to its plan to ban Russian liquefied natural gas imports, despite the ongoing energy crisis.

user avatarArif Mukhtar

Chinese Stocks Surge as Yuan Used for Toll Payments

chest

Chinese companies involved in cross-border transactions saw their stocks surge after the commerce ministry announced that the yuan is being used to pay tolls for passage through the Strait of Hormuz.

user avatarMaria Gutierrez

Bitcoin Market Faces Volatility Squeeze

chest

Bitcoin is currently experiencing a period of sideways movement, indicating potential upcoming volatility.

user avatarRajesh Kumar

China's Central Bank Withdraws Cash Amid Economic Recovery

chest

China's Central Bank withdraws cash from the financial system for the first time in a year, draining 890 billion yuan as the economy shows signs of recovery.

user avatarLuis Flores

Monitoring Holder Concentration Trends in AIOT Projects

chest

Market analysts are analyzing the dynamics of holder concentration ratios in AIOT projects to assess liquidity and governance issues.

user avatarDavid Robinson

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.