Key points
- Circle will soon introduce tap-and-go payments with USDC on iPhones.
- Access to Apple's NFC chip is now open to third-party developers.
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Circle is set to offer NFC contactless transactions for USDC payments on iPhones, x.com/jerallaire/status/1823772497969602981″ target=”_blank” rel=”noopener nofollow noreferrer”>saying The company's CEO, Jeremy Allaire, said in a recent statement.
The upcoming feature will take advantage of Apple's latest developments. decision It will allow third-party developers to use the iPhone's near-field communication (NFC) chip and Secure Element (SE) technology. Apple will charge fees for using its technology.
Allaire said that previously, NFC features were limited to Apple’s Wallet app and Apple Pay. The new policy would allow point-of-sale systems to directly interact with blockchain-enabled iPhone wallets, facilitating seamless USDC transactions.
For example, a USDC-compatible iOS wallet could allow users to send funds to NFC-enabled devices, such as payment terminals or other iPhones, with a single tap.
The new functionality will not be limited to USDC but will also extend to other digital assets such as non-fungible tokens (nfts) and different stablecoins like EURC, Allaire added.
Last month, Circle became the first global stablecoin issuer licensed under the European MiCA, allowing it to issue USDC and EURC. However, it’s important to note that Apple’s new NFC and SE APIs will be rolled out in Australia, Brazil, Canada, Japan, New Zealand, the US, and the UK, but not yet in the EU.
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