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

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  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.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Hut 8 Wins Bid for Poolin's Texas Datacenter Sites

Hut 8 has successfully bid $140 million for two datacenter sites owned by the bankrupt mining company Poolin.

user avatarLucas Weissmann

Senate Banking Committee Democrats Request Hearing on Prediction Markets

Democratic members of the Senate Banking Committee request a public hearing to examine the growing issue of prediction markets and their regulatory implications.

user avatarFilippo Romano

Crypto Economic Activity Remains Strong Despite Market Downturn

Crypto economic activity has shown resilience despite a significant drop in market capitalization, indicating a shift in market dynamics.

user avatarEmily Carter

Visa's Research Highlights Trust as a Barrier to Stablecoin Adoption

Visa's research highlights that trust and fraud protection are essential for stablecoin adoption, with 36% of US respondents considering their use, especially with bank-level protections.

user avatarTomas Novak

Cardano's Onchain Governance Approves New Treasury Allocations

Cardano's governance system has approved a new round of treasury allocations aimed at infrastructure and ecosystem development.

user avatarKaterina Papadopoulou

Galaxy Invests $100 Million in Onchain Credit Infrastructure

Galaxy has invested $100 million in Sky Protocol's yield-bearing sUSDS, integrating it into its corporate treasury and allowing it as collateral for institutional trading.

user avatarMaya Lundqvist

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.