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Circle, a cryptocurrency stablecoin provider, now supports Apple Pay

Circle now offers support for Apple Pay. Uninitiated users should know that Circle is the company behind the USD Coin, a stablecoin linked to the US dollar. Circle stated in a formal release, “We’re thrilled to announce that qualified companies who develop with Circle can now use Apple Pay, a quick, safe, and private payment method, to increase sales. Using the devices they carry around every day, customers can check out swiftly. Due to the fact that users won’t need to register an account or complete time-consuming paperwork, Apple Pay is also a safer and quicker way to make payments in apps and through the Safari browser.”
The goal of this update is to improve communication between bitcoin and conventional payment methods.

Due to Circle’s strategic agreement with Apple, payments can be made in apps on the iPhone, Apple Watch, iPad, and other supported devices as well as through Apple’s Safari browser. Customers won’t need to register for an account or complete lengthy forms as a result. Both a Circle account and an Apple developer account must initially be created by users. They can also use API integration to connect to Circle’s payment system.

By making it simpler to accept payments without rejecting non-crypto clients, the move will also help firms that are entirely dependent on cryptocurrencies. Furthermore, this improvement will allow more retail payments to be made with digital money, which will benefit established firms.

Transactions using cryptocurrencies are not currently supported by Apple Pay. Apple Pay may now be utilised to make payments in Circle USDC as part of this programme, which will increase business sales. Circle announced that it would add more payment options in the future to lessen money-related friction at the checkout. The business declared, “This is only one step on our ongoing mission to further converge the worlds of traditional and digital-native payments. At Converge22, we unveiled new merchant services that will enable merchants to accept payments in cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), as well as additional features to improve the payment experience and lessen checkout friction.

It is important to note that Apple has more than 1.8 billion active devices worldwide. Apple CEO Tim Cook said during a Q1 2022 earnings call. Only PayPal is more widely used as a digital wallet in the US than Apple Pay. In the meantime, Circle updated its payments and treasury platform with Polygon USDC support in June.

News Summary:

  • Circle, a cryptocurrency stablecoin provider, now supports Apple Pay
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