Apple steps further into the crypto world — a new beginning with NFC capability
Apple has recently made a revolutionary change through its iOS 18.1 update. Third-party app developers will now be granted access to the iPhone's 'Near Field Communication' (NFC) technology. This decision has opened a new avenue for the use of digital currency, as users will now be able to benefit from features like 'tap to pay' directly from their iPhones.
This change has come in response to pressure from the European Union, aimed at ending Apple's monopoly on Apple Pay and promoting healthy competition in the market. Now app developers, especially those creating digital currency wallets, will be able to develop applications for payment in stores, traffic fees, and other services through this technology.
This initiative is expected to make the use of digital currency more straightforward and acceptable in everyday life, as people will now be able to make payments with the same ease as they do with cash or cards. For instance, Circle's CEO Jeremy Allaire praised this move, saying, 'The tap payment feature through USDC on iOS is coming soon.'
However, this feature will only be available to those app developers who enter into a commercial agreement with Apple and pay the stipulated fees. Additionally, Apple has also allowed Engine wallets to facilitate the exchange of digital currency — which is a significant step for the exchange of digital assets like NFTs.
All these changes clearly indicate that Apple is now moving seriously towards integrating digital currency into its products and services. This step could elevate the widespread use and popularity of digital assets to new heights in the future.
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