• 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

a year 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 Cash and VeChain Show Positive Price Action

chest

Bitcoin Cash and VeChain have both experienced price increases, reflecting renewed interest in established networks and enterprise utility.

user avatarJacob Williams

AMD Also Affected by Export Restrictions on AI Chips

chest

AMD is facing delays in shipping its MI325X chip due to the same export restrictions that impact Nvidia.

user avatarZainab Kamara

X Increases Creator Revenue Sharing Amid XRP Speculation

chest

X has announced a significant increase in creator revenue sharing, with many creators reporting that their earnings have doubled or tripled. Payments continue to be processed in US dollars, and speculation around XRP payments remains unverified.

user avatarSon Min-ho

Nvidia Faces Export Delays for H200 AI Chips to China

chest

Nvidia has not shipped any H200 AI chips to China due to a national security review by the US government, causing delays and a stall in production momentum.

user avatarAyman Ben Youssef

Tech Community Critiques Altman's Perspective on AI

chest

The tech community critically responds to Sam Altman's feelings of uselessness due to AI, highlighting concerns for ordinary workers facing job displacement.

user avatarNguyen Van Long

New Strategies for Wealth Preservation Unveiled

chest

A recent report introduces the Wealth Retention Protocol, outlining seven strategies to help investors mitigate hidden costs and preserve wealth.

user avatarTando Nkube

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.