iPhone will Support NFC Feature for Payments Using USDC

Bittime - Circle CEO, Jeremy Allaire, revealed that iPhone will support the Near Field Communication (NFC) feature for payments using USD Coin (USDC). Read this article to find out the full news!

NFC Feature for USDC  

With this feature, crypto wallet applications on iOS that support USDC can now utilize NFC to process transactions. Users can easily make payments by attaching their iPhone to a receiving device, such as a Point-of-Sale (PoS) machine. 

For example, a PoS machine can send blockchain address information that will accept USDC or an amount to be paid, and the wallet app on the iPhone will ask the user to confirm the payment. Once confirmed, the transaction will be processed on the blockchain and payment in the form of USDC will be completed.

Read Also: Arbitrum Now Supports USDC as a Custom Gas Token on Orbit Chain

Wallet Developer and PoS Device Provider

For crypto wallet application developers, Allaire emphasized the importance of utilizing Apple's latest Software Development Kit (SDK) to implement NFC features with USDC.  

In addition, companies providing PoS devices must also immediately prepare firmware updates to support NFC USDC. Many payment service providers (PSPs) and payment processors have started adopting this feature.

Use of NFC for USDC

USDC is a stablecoin pegged with US dollars, which means its value is stable and does not fluctuate like other crypto assets. This makes USDC an attractive option for traders who want to accept payments in crypto without worrying about price volatility.

Meanwhile, applying NFC technology to USDC transactions can strengthen the Web3 ecosystem and make it easier for users to engage in the decentralized digital economy. 

With this feature, the crypto payment process becomes more intuitive and similar to traditional payment methods that most people are familiar with, such as credit or debit cards that only need to be taped.

Read Also: Potential Bitcoin Price Increase If Stablecoin Issuance Increases!

How to Buy Crypto with Bittime

You can buy and sell crypto assets in an easy and safe way through Bittime. over is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

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