Apple’s recent announcement regarding the access to NFC technology on the iPhone for third-party developers has sparked a wave of excitement within the crypto community. This decision to expand the functionality of NFC beyond Apple Pay and Apple Wallet could potentially revolutionize the way crypto payments are processed on iPhones.
Circle Co-Founder and CEO, Jeremy Allaire, wasted no time in urging wallet developers to explore the possibilities of integrating Apple’s NFC payments technology. As the issuer of the USDC stablecoin, Allaire sees this development as a significant opportunity for crypto-based payments to gain momentum on the iPhone platform.
By enabling tap-to-pay functionality for Web3 wallet and crypto wallet apps, Apple’s decision to grant third-party access to NFC could streamline the process of conducting crypto transactions. Allaire envisions a user-friendly interface that allows for seamless payments using USDC while leveraging the security features of the iPhone.
Crypto Consultancy CEO, Ali Jamal, hailed Apple’s move as a game-changing decision that could shape the future of crypto payments. Jamal emphasized the potential for leveraging high-performance blockchains like Solana and Avalanche to facilitate low-fee transactions, making crypto payments as accessible as traditional payments.
Apple has faced criticism in the past for its strict App Store policies, particularly regarding crypto-related apps. The decision to open up iPhone NFC functionality to third-party developers could be seen as a positive step towards fostering innovation and competition in the crypto payment space.
While the expansion of NFC access is a significant development, there are still questions surrounding Apple’s stance on allowing crypto-related apps to utilize this technology. As the upcoming iOS 18.1 beta rolls out to more regions, the crypto community eagerly anticipates further clarity on Apple’s approach to integrating NFC with crypto payments.
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