Jeremy Allaire, Circle’s CEO, hinted that USDC stablecoin will soon offer tap-to-pay on iPhones. This is happening because Apple has allowed third-party developers to use its NFC chip, which is a big change for mobile payments.
Earlier, only Apple Wallet and Apple Pay could access the iPhone’s NFC chip. Now, Web3 and crypto wallet developers can use NFC in their apps, enabling users to make tap-to-pay transactions with USDC.
Benifits of Tap-to-pay on iPhones
iPhone users may soon be able to make USDC transactions at PoS terminals or between two iPhones, with transaction details securely sent through NFC.
With NFC in crypto wallets, developers can create a system where users authenticate transactions with Face ID and complete payments on the blockchain.
Allaire clarified that Circle has no ties with Apple and this feature isn’t related to Apple Pay. It’s about allowing developers to create their own payment solutions.
This update isn’t just for USDC. It could also apply to NFTs, other stablecoins, and different certificates, making mobile payments and digital asset exchanges more versatile.
Allaire advised wallet developers to use Apple’s new iOS SDKs to prepare their apps for the feature. He also recommended that PoS hardware and software companies update their systems to accept NFC payments and process USDC transactions.
When this feature launches, it could change how people think about mobile payments, especially for cryptocurrencies
