Crypto payments in Circle’s USDC will now be offered for select businesses on Apple Pay. The payments will be enabled for quick checkout for regular digital payments mode, Ratas said. The payments will be app based along with an option to pay using the Safari browser. Also, customers will no longer have to create an account or fill out forms for accessing the feature.
Where Are USDC Crypto Payments Allowed On Apple Pay
The move is apparently targeted at crypto-native businesses while enabling customers to buy crypto with Apple Pay on preferred exchange. Also, the Apple Pay and Circle payments collaboration would enable payments from non-crypto customers. This would turn out to be a major development for expanding crypto adoption considering Apple’s wide reach. With this integration, the stablokinas USDC also stands a great chance to expand its frontiers. Circle made the skelbimas:
“We are excited to announce that eligible businesses who build with Circle can now further boost their sales by accepting Apple Pay — an easy, secure, and private way to pay.”
Easy checkouts would help crypto entities like NFT marketplaces, crypto gaming, crypto exchanges, crypto wallets and cross-border remittance providers. In addition to this, the crypto support in Apple could be used for payment settlements at cheaper costs. This would also aid traditional businesses who are otherwise not conducting retail payments in cryptocurrencies.
How To Access USDC Payments On Apple Pay
To quickly enable crypto payments, users need to open a free Circle account and an Apple developer account. Following this, the Circle payments solution could be accessed using the API integration. The integration is accessible across iPhone, Apple Watch, iPad, and other supported devices, the company said.
Earlier, Circle announced a partnership with TrueFi, a DeFi uncollateralized lending protocol. USDC is currently ranked fifth based on total market capitalization at $44.24 billion, according to price tracking platform CoinMarketCap. Despite several partnerships in various industries, the USDC market cap declined in comparison with rival stablecoin Tether (USDT) in the recent times.
In February 2022, Apple enabled transactions with cryptocurrencies on its payment platform. The roll out integrating digital wallets came with the Apple’s tap-to-pay feature.
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Source: https://coingape.com/crypto-payments-usdc-apple-pay/