This will allow users to make transactions directly with the stablecoin. The solution could significantly simplify payment processes for iPhone users, offering an alternative to traditional payment methods like Apple Pay.
Circle, the company behind the USDC stablecoin, plans to implement the Tap to Pay feature on iPhone, as announced by CEO Jeremy Allaire. This innovation will create new opportunities for users, allowing them to pay for goods and services through their iPhones without needing to use bank cards or other intermediaries.
Allaire’s statement followed the news from Apple that third-party companies would be granted access to the iPhone’s payment chip to process transactions outside the Apple Pay and Apple Wallet ecosystems. This decision by Apple opens the door for other companies, such as Circle, to expand their presence in the mobile payments market.
To integrate the new solution, developers will need to sign a commercial agreement with Apple and pay the associated fee. Despite the additional costs, this could be a significant step for companies looking to offer users more flexible and convenient payment options, especially in the realm of cryptocurrency payments.
