Apple’s NFC Update and Circle CEO’s Response
Circle (USDC) CEO Jeremy Allaire was quick to react when news broke that Apple would allow third-party apps to use NFC technology for transactions. NFC, the technology behind Apple Pay, will soon be open to third-party developers through an upcoming iOS update.
USDC Integration with NFC Transactions
As a stablecoin pegged to the US dollar, Circle’s USDC is a key player in the cryptocurrency space. Jeremy Allaire aims to tap into the new NFC capabilities to facilitate seamless transactions for Circle users with merchants and peers alike.
Global Impact and Future Possibilities
The European Commission’s scrutiny of Apple’s NFC exclusivity led to Apple opening up its NFC technology to developers in select countries. With the upcoming iOS 18.1 update, developers will have access to NFC and secure element APIs, paving the way for wider acceptance of USDC globally. Jeremy Allaire also hinted at the vast potential for blockchain technology with these NFC updates, including NFT purchases and ticketing.
