When it comes to incorporating cryptocurrencies into its ecosystem, Apple is making great progress. In order to enable features like USDC Tap-to-Pay on iPhones, Apple is making its NFC (Near Field Communication) technology available to outside developers with the impending iOS 18.1 release. This action indicates a trend towards the adoption of digital currencies by enabling users to utilise the USDC stablecoin to conduct contactless payments.
Apple, though, continues to take a cautious stance. Although Apple CEO Tim Cook has made a personal Bitcoin investment, he has made it clear that the company does not currently have any intentions to incorporate cryptocurrencies into its daily operations. Additionally, Apple has maintained a 30% tax on in-app NFT purchases and revised its App Store policies to only allow cryptocurrency transactions through authorised exchanges.
Apple has demonstrated its dedication to compliance in India by removing popular cryptocurrency trading apps like Binance and OKX from its App Store in response to regulatory orders.
For more information on Apple's changing position in the cryptocurrency industry, stay tuned.