#AppleCryptoUpdate

Apple has announced a significant update to its Apple Wallet, which will allow users to make payments using USDC, a stablecoin pegged to the US dollar, directly from their iPhones. This update was described by Circle's CEO Jeremy Allaire as a "powerful" change that will enable developers and point-of-sale (PoS) hardware/software companies to integrate USDC payments more seamlessly.

The update will pave the way for direct merchant payments in USDC, combining high-performance blockchain networks with low fees to facilitate transactions.

Apple will require developers to pay associated fees and meet certain industry and regulatory requirements to access the system.

The program is scheduled to launch in Australia, Brazil, Canada, Japan, New Zealand, and the USA.

This development comes after a leak that prepared the market for a potential crackdown on cryptocurrencies in the US, and follows a period of volatility in the cryptocurrency market.

The announcement has the potential to positively impact the broader cryptocurrency market, as it suggests increased adoption of digital currencies.