“Tap To Pay” Is Coming To The iPhone – But What Does It Mean For Crypto?
Presented by Zipmex.
Image via apple.com //
Another day, another headline about crypto and NFTs taking over the mainstream. It seems almost inevitable that our future lies in the ominous digital coins, and thanks to Apple’s latest update, that future might be coming a whole lot sooner.
The tech giant has announced their new “Tap to Pay” feature that will be included in an upcoming IOS update later this year, and will turn smartphones into a point-of-sale device for businesses. In plain English this means that shoppers will be able to use any digital wallet at their disposal including crypto wallets (excitement peaking).
The payment process will be even more seamless than contactless debit (you know, when the chip on the card actually works), with merchants only having to hold their iPhone close to a customer’s iPhone or Apple Watch to make a transaction. So far Irish-American fintech Stripe will be the first platform to offer the new feature on the iPhone, however Apple has teased that “additional payment platforms and apps will follow later this year.”
Long story short, it looks like we’ll be paying for our groceries in crypto before we know it. Check out Apple CEO Tim Cook’s announcement of the new feature below.
We just introduced Tap to Pay on iPhone, a great way for millions of small businesses to accept contactless payments right from their iPhone. It’s easy, secure, and will be coming out later this year. https://t.co/w6P6oS7grm
— Tim Cook (@tim_cook) February 9, 2022
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