#AppleCryptoUpdate Apple has made a groundbreaking move by opening its iPhone NFC payment chip to third-party developers, enabling direct cryptocurrency transactions via "Tap to Pay." This shift allows iPhone users to make crypto payments at NFC-enabled terminals, marking a significant step toward mainstream adoption of digital currencies .

Previously, Apple's NFC chip was exclusive to Apple Pay, limiting competition in mobile payments. Now, developers can integrate apps facilitating crypto transactions directly through the iPhone's payment system, enhancing user experience and expanding payment options .

This development could lead to broader adoption of cryptocurrencies by making them more accessible for everyday transactions. It also opens opportunities for partnerships between Apple and various cryptocurrency platforms or wallets, fostering innovation in the digital economy .

However, Apple maintains certain restrictions. Apps must use in-app purchases for selling NFTs and cannot use cryptocurrencies to unlock additional features or content. Additionally, Apple upholds its 30% fee on in-app purchases, which may impact NFT sales and app functionalities .

Overall, Apple's decision to open its NFC technology signifies a pivotal moment in integrating cryptocurrencies into mainstream mobile payments, potentially reshaping the digital payment landscape.