Crypto Adoption Boom: Apple To Enable Crypto Payments to iPhones Via “Tap To Pay” | CryptoGazette
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The mass adoption of cryptos has been one of the main goals that the crypto industry has set. Check out the latest reports that show the fact that things are going great in this direction. The latest news comes from Apple.
Tech giant Apple introduces a new contactless payment function to iPhones that could result in direct Bitcoin (BTC) or crypto payments.
Apple announces the new Tap to Pay function
Just recently, Apple announced the new Tap To Pay function on iPhones – this is a feature available to merchants across the United States.
As the online publication the Daily Hodl, the new feature will allow businesses to accept ‘tap’ payments from iPhone users via Apple Pay, credit and debit cards, and other digital wallets.
It’s important to note the fact that the company hasn’t addressed it directly yet, but being able to use digital wallets would presumably allow users to make payments with crypto. This was otherwise restricted by Apple.
According to the announcement, all Tap To Pay transactions will be encrypted and processed using Secure Element.
This is the same security technology that is used by Apple Pay. Apple said that customers of payments giant Stripe will be the first Apple iPhone users with access to Tap To Pay.
Jennifer Bailey, Apple’s vice president of Apple Pay and Apple Wallet, stated the following about all this:
“As more and more consumers are tapping to pay with digital wallets and credit cards, Tap to Pay on iPhone will provide businesses with a secure, private, and easy way to accept contactless payments and unlock new checkout experiences using the power, security, and convenience of iPhone…”
She continued and said:
“In collaboration with payment platforms, app developers, and payment networks, we’re making it easier than ever for businesses of all sizes — from solopreneurs to large retailers — to seamlessly accept contactless payments and continue to grow their business.”
Check out the official announcement that has been made by Apple. Stay tuned for more news and make sure to keep your eyes on the market as well.
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