iPhone users will be able to use USDC coins via the Tap to Pay feature
2024-08-16Bittime - Circle integrates tap-to-pay using USDC on iPhone, allowing iOS users to make stablecoin transactions easily and securely. Here are the details!
iPhone Users Will Be Able to Use USDC Coins
As it continues to defy market trends, USDC has become a favorite among regulated stablecoins. Therefore, to meet market demand and take advantage of new opportunities, Circle will integrate tap-to-pay using USDC.
Circle CEO Jeremy Allaire announced the company’s latest venture stating that, “Tap to pay using USDC on iPhone coming soon. Wallet developers, start your engines.”
iOS Wallet Supports USDC
The CEO said that if iOS wallets that support USDC enable this, they can enable UX, allowing receiving devices such as Point-of-Sale or other iOS devices to receive transaction information with a single tap.
Apple Grants NFC Transaction Permission
Circle's effort to integrate tap-to-pay transactions using USDC on iPhone comes as a result of Apple allowing developers to conduct in-app NFC transactions using secure elements starting with iOS 18.1.
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USDC Market Experiences Increase
USDC's market share has continued to increase over the past month. Stablecoin digital asset reserves are also increasing exponentially. It increased from $2.9 billion to $3.08 billion in just the past week, according to Cryptoquant data.
Apple Pay Allow SupContactless Payment Application port
This allows developers to create standard contactless payment apps that can be used simply by pressing the iPhone's side button. So far, only Apple Pay and wallet are allowed, according to Circle's CEO.
Conclusion
The integration of USDC with the iPhone's tap-to-pay feature is a strategic move that allows iOS users to carry out transactions using the USDC stablecoin easily and securely.
With Apple's support for the development of in-app NFC transactions, Circle opens up new opportunities for USDC-enabled iOS wallets to take advantage of this feature.
The ever-growing USDC market shows great interest in this regulated stablecoin, which makes it a user favorite. Additionally, this move shows the continuous development in digital payment systems.
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