USDC Tap-and-Go Payments Coming to iPhones After Apple Opens NFC to Third-Party Developers

Circle CEO Jeremy Allaire announces USDC tap-and-go payments on iPhones following Apple’s decision to open its NFC chip to third-party developers, enabling blockchain-based transactions.
Circle, the company behind the stablecoin USDC, is set to revolutionize payments on iPhones following Apple’s recent decision to open its NFC chip and Secure Element (SE) to third-party developers. Jeremy Allaire, CEO of Circle, confirmed that this move would soon allow iPhone users to make tap-and-go payments using USDC, marking a significant step forward in integrating blockchain technology with everyday financial transactions.

Apple’s new policy, announced on August 14, means that developers will now be able to create apps that utilize the iPhone’s NFC capabilities for a variety of blockchain-based payments. This opens up the potential for point-of-sale systems to communicate directly with iPhone wallets, enabling seamless USDC transactions verified by FaceID. According to Allaire, this could drastically enhance the user experience by combining blockchain’s high performance and low fees with Apple’s secure payment infrastructure.

Beyond USDC, Apple’s NFC chip accessibility will also benefit other applications, such as NFTs for tickets and various other certificates, as well as other stablecoins like EURC. However, Apple’s rollout of these new APIs is currently limited to specific countries, including the United States, the United Kingdom, Canada, and Japan, with no mention of the European Union.

Meanwhile, in related news, MetaMask has partnered with Mastercard and Baanx to pilot a self-custody debit card in the UK and EU, allowing users to pay for goods directly from their crypto wallets, further bridging the gap between traditional finance and the blockchain world.

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