Apple recently made a groundbreaking announcement regarding the access to NFC technology on iPhone for third-party developers in the European Union (EU) and select regions. This move could potentially revolutionize the way crypto payments are made on the iPhone and open up new possibilities for Web3 wallet services.
By expanding access to the NFC technology on iPhone, Apple is providing an opportunity for developers to support tap-to-pay transactions on Web3 wallet and crypto wallet apps. This decision could have a significant impact on the crypto industry by allowing more seamless and low-fee transactions using cryptocurrencies like USDC and other stablecoins.
Circle Co-Founder and CEO Jeremy Allaire, a key figure in the crypto industry, encouraged wallet developers to leverage Apple’s NFC payments technology. This move was seen as a game-changing decision by Cryptos Consultancy CEO Ali Jamal, who highlighted the potential for crypto payments to become as widely accepted as traditional payments.
Despite the positive outlook on Apple’s decision, the tech giant has faced criticism in the past for its App Store policies that have been perceived as unfair by crypto-related app makers. These restrictions have led to lawsuits and disputes over the limitations imposed on certain apps, including those related to crypto payments.
As Apple prepares to roll out the iOS 18.1 beta with NFC access for developers in various regions, the industry is eager to see how this move will impact the adoption of crypto payments on the iPhone. There is still uncertainty surrounding whether crypto-related apps will be allowed to leverage this technology and how it will shape the future of mobile payments.
Apple’s decision to grant access to NFC technology on iPhone for third-party developers marks a significant milestone in the evolution of crypto payments. With the potential to enable tap-to-pay transactions using cryptocurrencies, this move could pave the way for a more widespread acceptance of digital assets in the mainstream market. The industry eagerly anticipates the implications of this decision and how it will shape the future of mobile payments on the iPhone.
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