Exciting news! US-based tech giant Apple has released details of a new feature coming to newer models of its iPhone.
Users will soon be able to complete payments using the “Bitcoin Tap” to make Crypto Payments with Your iPhone. In this article, you will discover more about this feature.
Apple is adding a “Tap to Pay” Feature
According to the announcement, Apple will incorporate a “Tap to Pay” feature on its iPhone via Apple Pay. Making it possible for the iPhone to function as a Point-Of-Sale (POS) machine for individuals, businesses, and merchants.
Also, Apple disclosed that this unique feature is made possible with the use of Near-Field Communication (NFC). Adding that the “Tap to Pay” feature will soon be extended to contactless credit and debit cards, and other digital wallets.
We just introduced Tap to Pay on iPhone, a great way for millions of small businesses to accept contactless payments right from their iPhone. It’s easy, secure, and will be coming out later this year. https://t.co/w6P6oS7grm
— Tim Cook (@tim_cook) February 9, 2022
This means that crypto card holders like the Coinbase Card and the Crypto.com Card will also be able to make use of the Tap to Pay feature. Therefore, facilitating easy crypto payments and subsequently more adoption and awareness for the entire crypto space.
Therefore, the CEO of Apple, Tim Cook, also confirmed the announcement. Adding that the newly introduced Tap to Pay feature on iPhones is “[…] a great way for millions of small businesses to accept contactless payments right from their iPhone.” According to him, the entire process is “[…] easy, secure, and will be coming out later this year.”
Another Partnership, Apple & Stripe.
In line with the proposed launch of the iPhone Bitcoin Tap to Pay feature, Apple has also entered into a partnership with payment giant Stripe. Interestingly, Stripe will function as the first partner for the Tap to Pay feature.
However, plans are already in place to incorporate other payment processing platforms soon. According to the official announcement, “[…] Additional payment platforms and apps will follow later this year.”
Stripe is partnering with Apple to enable Tap to Pay on iPhone: https://t.co/THtuND9EvQ.
— Patrick Collison (@patrickc) February 8, 2022
The proposed “Tap to Pay” feature will be available on all Apple stores and the Apple iPhone XS and all other ensuing models to make Crypto Payments with Your Iphone.
Finally, last year, Coinbase also strategically partnered with Apple and Google Pay. Making it possible for interested persons to buy crypto directly using both Apple and Google Pay options.
Also, join us on Telegram to receive free trading signals.
For more cryptocurrency news, check out the Altcoin Buzz YouTube channel.