Secure

Apple

USDC

Security

<ul>
  
 <li>iOS 18.1 empowers third-party apps with NFC payment integration, enabling blockchain payments and secure transactions without Apple Pay.</li>   
 <li>Circle to introduce USDC tap-and-go iPhone payments, leveraging Apple's expanded NFC features for seamless blockchain transactions.</li>   
 <li>Apple's iOS 18.1 expands NFC use, enabling in-app contactless payments, digital keys, and secure IDs with robust privacy measures.</li> 
</ul>   
<p>Apple plans to allow third-party developers to develop iPhone secure payment chips, enabling them to integrate blockchain-based payment functionality. This follows a policy shift in iOS 18.1, which allows third-party developers to use an iPhone's NFC feature for in-app contactless transactions.</p>   
<p>Jeremy Allaire, CEO of Circle, <a href="https://x.com/jerallaire/status/1823772497969602981" target="_blank" rel="noreferrer noopener">highlighted</a> this development's potential in a post on X (formerly Twitter). Allaire revealed that Circle, the company behind USDC, plans to introduce tap to pay using USDC on iPhones. This will enable point-of-sale systems to communicate directly with iPhones, specifying the blockchain address for USDC payments or the amount to be paid.&nbsp;</p>   
<p>The iPhone's wallet app could prompt users to confirm the payment using FaceID, and the transaction would be settled over the blockchain. This move will simplify and accelerate blockchain-based payments, particularly for stablecoins like USDC, by leveraging Apple's user base and tap-and-go <a href="https://cryptonewsland.com/apples-new-payment-system-will-ripples-tech-change-digital-transactions-and-influence-xrp-bull-run/" target="_blank" rel="noreferrer noopener sponsored nofollow">payment methods.</a></p>   
<p>Allaire also mentioned that this update would apply to USDC and other stablecoins and non-fungible tokens (NFTs) for various uses, such as event tickets and certificates.</p>   
<h2 class="wp-block-heading" id="h-nfc-capabilities-expanded-in-ios-18-1">NFC capabilities expanded in iOS 18.1</h2>   
<p>Apple has increased developers' control over the iPhone's Secure Element, allowing for more contactless transactions with iOS 18.1 without using <a href="https://cryptonewsland.com/bybit-integrates-apple-pay-for-seamless-cryptocurrency-purchases-bolstering-global-crypto-adoption/" target="_blank" rel="noreferrer noopener sponsored nofollow">Apple Pay</a>. This change allows developers to offer various in-app NFC features, such as in-store payments, digital car keys, transit passes, corporate IDs, hotel and home keys, loyalty programs, and event tickets, without relying on Apple Pay.</p>   
<p>Apple has also introduced new APIs for third-party apps, allowing them to read NFC tags, initially available in the US, UK, Australia, Brazil, Canada, Japan, and New Zealand, with additional regions expected to follow.</p>   
<h2 class="wp-block-heading" id="h-security-and-privacy-measures">Security and Privacy Measures</h2>   
<p>Apple has introduced NFC capabilities to third-party developers but prioritizes security and privacy. The Secure Element, an industry-standard chip, will manage transactions using Apple's security features, such as Secure Enclave and biometric authentication.&nbsp;</p>   
<p>Developers must enter a commercial agreement, request specific entitlements, and pay associated fees to use these APIs. This ensures that only authorized developers can access these APIs, maintaining user data integrity and privacy.</p>   
<h2 class="wp-block-heading" id="h-developer-and-industry-impact">Developer and Industry Impact</h2>   
<p>Apple's new capabilities are expected to impact mobile payment solutions and digital identity applications significantly. This allows third-party developers to integrate contactless transactions directly into their apps, benefiting fintech companies by creating specialized payment apps and services.</p>   
<p>The update could also lead to enhanced loyalty programs, sophisticated digital identity solutions, and more secure access management for corporate and student systems.</p>   
<p>Apple is set to launch iOS 18.1 with a developer beta in select regions, <a href="https://cryptonewsland.com/apple-and-render-network-partner-to-pioneer-the-future-of-creativity-and-computing/" target="_blank" rel="noreferrer noopener sponsored nofollow">providing</a> early access to new NFC APIs. As these capabilities become available, developers and businesses worldwide will explore new applications and services using Apple's NFC technology.&nbsp;</p> 
<p>The post <a href="https://cryptonewsland.com/circle-ceo-reveals-usdc-payments-coming-to-iphones-with-apples-new-update/">Circle CEO Reveals USDC Payments Coming to iPhones with Apple’s New Update</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Circle CEO Reveals USDC Payments Coming to iPhones with Apple’s New Update

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