USD Coin Issuer Circle has mentioned that Apple has now allowed and enabled crypto payments that will be using stablecoin on their payment platform.
Merchants who accept the USDC will now be able to do so with the help of Apple Pay. It will be now possible to interact with Apple Pay for merchants who are open to accepting Circle’s USDC stablecoin.
The company stated that,
NFT marketplaces, crypto gaming, crypto exchanges, crypto wallets and cross-border remittance providers can help their business grow by making checkout easy with Apple Pay and Circle. The addition will help crypto-native businesses by making it easier to take payments, while not excluding customers that don’t use crypto. In addition, traditional businesses can also take advantage of this enhancement to shift more retail payments to digital currency.
This step is intended to increase inclusivity for crypto-native businesses as well as customers who are unable to use cryptocurrency.
Circle has in the past enabled support for the Polygon USDC on its own payment platform.
Abhishek Sandhir, the Director of Product at Circle, mentioned
Apple Pay is also a safer and faster way to pay using the Safari browser and in apps because customers will no longer have to create an account or fill out lengthy forms.
Circle Is Bringing Crypto Users Closer
Circle and Apple’s collaboration will benefit crypto-native businesses, which were previously only concerned with digital assets.
This step will help them leverage Apple Pay’s payment platform. It will also serve as a payment gateway for fiat users who want to experiment with cryptocurrency payments.
The stablecoin issuer mentioned that setting up this new feature is a short and simple method that doesn’t involve hassle.
Merchants who meet the requirements will be able to open a free Circle account and be added to an Apple developer account.
Similar Initiatives
The USDC issuer has also been a part of similar kinds of initiatives in the past. The intention was to expand the payment options for consumers.
This year, Polygon USDC received support from the company. This support was also extended to the Treasury platform.
At Converge22, which was held in September 2022, the firm mentioned that it has plans to launch USDC on five additional chains by the end of Q1 2023.
They announced that additional merchant services would allow the vendors to accept payments in cryptocurrencies such as Ethereum (ETH) and Bitcoin (BTC), along with more features that would reduce checkout friction and also improve the entire payment experience.
This has been designed in such a way that businesses will be able to reap the benefits of USDC while also connecting with their customers in whatever way they are willing to pay.
Circle also teased that there could be upcoming enhancements too.
