Apple Pay is collaborating with the largest stablecoin producer in the altcoin market. The payment method system paves the way for cryptocurrency transactions through the web browser Safari.
Apple Pay will accept this altcoin payment via Safari
Circle, the market’s largest stablecoin producer, and its token USDC, are now available to select businesses on Apple Pay. Circle said fast payouts will be enabled for the regular cryptocurrency mode. Payments will be app based with the option to pay via the Safari browser. Also, customers will no longer need to create an account or fill out a form to access the feature.
The announcement also mentions that Circle will introduce more payment options to facilitate crypto payment acceptance. With the new support, customers will be able to easily pay privately and securely using their mobile devices.
What awaits users?
Thanks to the collaboration, users will be able to buy cryptocurrencies with Apple Pay on certain exchanges. Also, the Apple Pay and Circle partnership will be open for non-crypto users. All in all, the partnership is a major advance for expanding crypto adoption given Apple’s broad reach. With this integration, stablecoin USDC also has a great chance to expand its boundaries. Circle made the following statements in the announcement:
We’re excited to announce that eligible businesses that build with Circle can now further increase their sales by accepting Apple Pay, an easy, secure and private payment method.
Easy payments will help crypto spaces such as NFT markets, crypto games, crypto exchanges, crypto wallets and cross-border remittance providers. In addition, crypto support at Apple is available for payment deals at lower costs.
How to enable USDC payments in Apple Pay?
A free Circle and an Apple are required to enable crypto payments quickly. You can then access the Circle payment solution using API integration. The company said the integration is accessible from iPhone, Apple Watch, iPad and other supported devices.
Earlier, Circle announced a partnership with TrueFi, a DeFi unsecured lending protocol. According to price monitoring platform CoinMarketCap, USDC currently ranks fifth by total market capitalization of $44.24 billion. Despite several partnerships in various industries, USDC’s market cap has recently dropped compared to rival stablecoin Tether. cryptocoin.com As we reported, in February 2022, Apple enabled transactions with cryptocurrencies on its payment platform. The presentation, which integrates crypto wallets, came with Apple’s tap-and-pay feature.
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