Amid rapid developments in the world of digital currencies, Apple stands out as one of the key players in integrating these technologies with its products. This article highlights the most significant updates and initiatives related to #AppleCryptoUpdate .

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1. Activating digital currency payments via Apple Pay

Apple has announced significant updates to its digital wallet, Apple Pay, allowing users to buy digital currencies like Bitcoin and Ethereum directly through the app. This process relies on adding credit or debit cards to the wallet, supporting over 60 blockchain networks, which are described as "the best non-custodial wallet" for supporting trading without the need for identity verification (KYC).

- Purchase steps:

- Downloading the Best Wallet app and linking it to Apple Pay.

- Selecting the desired digital currency and specifying the blockchain (e.g., USDT on the Solana network).

- Using Apple Pay to complete payment by activating biometric authentication (FaceID or TouchID).

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2. Opening the NFC chip for external developers

Apple has released a revolutionary update allowing developers to use the NFC chip in iPhones to process financial transactions, including digital currencies. This decision came after regulatory pressures in Europe and opens the door for payment applications that support stablecoins like USDC, where Jeremy Allaire, CEO of Circle, indicated the possibility of making direct payments to blockchain addresses via phone.

- Expected impact:

- Facilitating payment transactions for stores through low-fee blockchain.

- Promoting the adoption of stablecoins in everyday transactions.

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3. Regulatory challenges and app bans

Apple faced pressure from governments, such as South Korea, which demanded a ban on 14 unlicensed digital currency trading apps, including the KuCoin and MEXC platforms, from the App Store. This move reflects Apple's strict policy on compliance with local laws, although it affects users' access to some services.

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#4. Alliances with trading platforms

Apple has collaborated with platforms to provide an integrated trading experience, supporting features such as:

- Multi-wallets: Manage multiple digital wallets in one place.

- Participating in the presale of currencies with scrutiny of fraudulent projects.

- Cross-chain swaps at competitive prices.

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5. Future steps: Apple's digital currency?

Speculation continues about the possibility of Apple launching its own digital currency, especially with old reports from RBC Capital Markets suggesting that Apple's secure infrastructure could make it a leader in this field. Developers in Apple forums are discussing the possibility of creating a currency like AppleCoin, although no official announcements have been made yet.

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Conclusion

Apple's recent moves affirm its commitment to integrating modern financial technologies into its products, focusing on security and regulatory compliance. While updates like supporting digital currencies with Apple Pay and opening the NFC chip for developers facilitate the adoption of these technologies, legal challenges and user aspirations for an Apple-specific digital currency remain key factors that will shape the future of #AppleCryptoUpdate.