Circle CEO Jeremy Allaire Announces USDC Tap to Pay Coming to Apple iPhones

Jeremy Allaire, co-founder and CEO of Circle, the company behind the second largest stablecoin by market cap, USDC, has just announced an exciting

Apple iPhone users will soon be able to pay with the second largest stablecoin by market cap, USD Coin (USDC), thanks to an integration being worked on by Circle.

Jeremy Allaire, co-founder and CEO of Circle, the company behind USDC, announced the development on Twitter on December 13.

iPhone users will soon be able to pay with USDC via their phones, Circle CEO says.

Allaire’s announcement comes after Apple unveiled an expansion of near-field communication (NFC) capabilities in iOS 18.1, allowing developers to integrate diverse contactless uses directly in apps.

This includes transactions for in-store purchases, digital keys, IDs, and more. Developers must meet Apple’s security standards, and the feature will initially be available in select countries.

However, Allaire clarified that the integration of USDC is not a collaboration between Apple and Circle, nor do the companies have a relationship. He added that up until now, only Apple Wallet and Apple Pay have been able to use NFC.

“Apple is opening up the use of the NFC chip to 3rd party app developers. Until now, it was locked down to only Apple Pay and Apple Wallet,” he said.

“This is a step towards enabling crypto payments. It will allow point-of-sale (POS) systems to specify a blockchain address and a payment amount in USDC.”

According to Allaire, iPhone wallets will then prompt the user to confirm the transaction (e.g., via FaceID) and initiate blockchain transactions.

“This technology extends beyond USDC and will also enable transactions for NFTs, tickets, other certificates, EURC, etc,” he added.

“Developers: Use Apple’s latest tools to work on integration and get ready their apps for USDC Tap to Pay.”

The above is the detailed content of Circle CEO Jeremy Allaire Announces USDC Tap to Pay Coming to Apple iPhones. For more information, please follow other related articles on the PHP Chinese website!