Apple has recently taken a revolutionary step with its iOS 18.1 update, allowing third-party developers access to the iPhone's NFC (Near Field Communication) chip.
This move opens new avenues for the use of cryptocurrency, as users can now make 'tap payments' using cryptocurrency wallets on their iPhones.
The update was launched after pressure was applied on Apple by the European Union, aimed at breaking the monopoly of Apple Pay and promoting market competition. Developers, including those with cryptocurrency wallets, can now utilize Apple's NFC technology to develop applications for in-store payments, transportation fees, and other cryptocurrency-related functions.
This initiative is expected to significantly enhance the prevalence of cryptocurrency in daily life, as users will be able to use cryptocurrency payments as easily as traditional payment methods.
For instance, Circle CEO Jeremy Allaire stated, 'iOS-based USDC tap payments are about to launch.'
Although Apple has opened NFC access, this service is only available to developers who have signed commercial agreements with Apple and paid associated fees.
Additionally, Apple has also approved Enjin Wallet's cryptocurrency trading feature, which is an important advancement for NFT transactions.
These changes indicate that Apple is seriously considering integrating cryptocurrency into its products and services, which could greatly promote the adoption and use of cryptocurrency.
