Crypto Stablecoin Issuer Circle Adds Apple Pay Support
Circle now upholds Apple Pay. The USD Coin, a stablecoin pegged to the US dollar, is issued by Circle for the uninitiated. In an official declaration, Circle said they are thrilled to announce that qualified companies who develop with Circle can now use Apple Pay, a quick, safe, and private payment method, to increase sales. Customers can check out quickly by using the everyday gadgets they carry with them. Because users won’t need to create an account or complete time-consuming forms, Apple Pay is a safer and quicker way to make payments in apps and through the Safari browser.
This upgrade aims to strengthen the foundation for combining cryptocurrencies and traditional payment methods. The move will also benefit local crypto businesses by making it simpler to accept payments while still allowing non-crypto clients access. A further advantage for established firms is that this enhancement will enable more retail prices using digital money.
Payments can be made in apps on the iPhone, Apple Watch, iPad, and other supported devices, as well as through Apple’s Safari browser, thanks to Circle’s strategic agreement with Apple. Customers won’t have to create accounts or fill out protracted paperwork. Users must initially create both a Circle account and an Apple developer account. They can connect to Circle’s payment system using API integration as well.
Apple Pay presently doesn’t uphold digital currency exchanges. However, as part of this initiative, Apple Pay may now send payments in Circle USDC, which will aid in facilitating commercial transactions. In addition, the circle said it would increase the number of payment methods to reduce checkout-related payment-related friction. The business said that this was just the first stage in a long process to close the gap between conventional and electronic payments. We revealed new merchant services at Converge22 that will allow businesses to accept payments in cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), as well as other tools to enhance the payment process and reduce checkout friction. Everything is intended to make it easier for businesses to take advantage of USDC and interact with clients regardless of the method of payment they prefer.
The fact that Apple has more than 1.8 billion active devices worldwide should be noticed. Tim Cook, the CEO of Apple, remarked on a Q1 2022 earnings call. Only PayPal is used as a digital wallet more frequently than Apple Pay in the US. In the interim, Circle added support for Polygon USDC to its payments and treasury platform in a June update.
