• 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

CoinAvatar's Visualization Technology Expands Use Cases

chest

CoinAvatar's visualization technology enables users to create coins for gifting and personal milestones, enhancing social sharing and community engagement.

user avatarBayarjavkhlan Ganbaatar

Trump Hints at Kevin Hassett's Nomination for Federal Reserve Chair

chest

Trump hints at Kevin Hassett's nomination for Federal Reserve Chair, signaling potential changes in U.S. monetary policy.

user avatarDiego Alvarez

Glassnode Reports Optimistic Outlook for Bitcoin Market

chest

Glassnode's report suggests that the current downturn is a midcycle correction rather than the start of a crypto winter.

user avatarMaria Fernandez

Mining Sector Shows Resilience Amid Bitcoin Price Drop

chest

The mining sector remains stable, with CoinShares Bitcoin Mining ETF posting a 35% increase despite Bitcoin's price decline.

user avatarKenji Takahashi

Indian Rupee Hits Record Low Against US Dollar

chest

The Indian rupee has fallen to an unprecedented level of 90 against the US dollar, marking a critical moment for emerging market currencies.

user avatarRajesh Kumar

Australian Dollar Surges on Strong GDP Performance

chest

The Australian dollar has shown remarkable strength following better-than-expected GDP data, contrasting with the struggles of the Indian rupee.

user avatarGustavo Mendoza

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.