The post USDC Tap-to-Pay on Apple iPhone ‘Incoming Soon’: Circle CEO appeared on BitcoinEthereumNews.com.

Circle CEO Jeremy Allaire predicted that tap-to-pay payments on iPhone using Circle’s USDC stablecoin are “incoming soon,” following Apple’s decision to open up the iPhone’s NFC payment functionality to third-party developers. In a tweet, Allaire advised wallet developers to “start your engines.” Allaire clarified in a follow-up tweet that Circle “has no relationship with Apple and this has nothing to do with Apple Pay,” explaining that Apple’s move to open up NFC will enable Web3 and crypto wallets to “invoke NFC for transactions.” That, in turn, means that an iOS wallet supporting USDC could “enable a UX where a receiving device (like a Point-of-Sale, or another iOS device) could receive the transaction info via a tap,” with the iPhone-based wallet app confirming a payment using its FaceID system and initiating a blockchain transaction to settle the USDC payment. Allaire added that, “this will open up a powerful pathway for direct to merchant USDC payments,” as well as “NFTs for tickets, other certificates, other stablecoins like EURC, etc.” Lots of chatter and questions about my tweet. A bit more clarity so that people don’t make this into something it is not. Why is tap to pay using USDC on iPhones incoming soon, and what does it mean for Wallet devs to get going? – Circle has no relationship with Apple and this… https://t.co/IZfLbIsWGp — Jeremy Allaire – jda.eth / jdallaire.sol (@jerallaire) August 14, 2024 “Wallet developers should start using the latest Apple iOS SDKs that support this and ready their apps for USDC Tap to Pay,” while PoS hardware firms and payment processors should “upgrade to support native USDC settlement,” he concluded. Apple opens up NFC payments Apple’s decision to open up access to its NFC chip comes after years of pressure to do so from regulators, including the European Union,…

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Filed under: News - @ August 15, 2024 8:18 pm