Apple, one of the world’s leading technology corporations, has announced the release of a new Tap to Pay feature for iPhone devices.
With this feature, merchants who have Apple Pay integrated into their infrastructure can accept payments with a single tap. As part of the update,
Apple will allow contactless credit cards, debit cards, and other digital wallets to seamlessly conduct transactions, eliminating the need for third-party software.
With the technology, Apple will enable the execution of wireless transactions on the most recent models of its iPhone handsets, ranging from the iPhone XS to the model issued in 2021.
Jennifer Bailey, Apple Pay, and Wallet’s Vice President has this to say,
“As more and more consumers are tapping to pay with digital wallets and credit cards, Tap to Pay on iPhone will provide businesses with a secure, private, and easy way to accept contactless payments and unlock new checkout experiences using the power, security, and convenience of iPhone”
She went on to add,
“In collaboration with payment platforms, app developers, and payment networks, we’re making it easier than ever for businesses of all sizes — from solopreneurs to large retailers — to seamlessly accept contactless payments and continue to grow their business.”
Crypto.com and Coinbase have launched individual debit cards that allow users to make payments with cryptocurrencies.
Holders of these cards can use them on Google Pay and Apple Pay because both crypto giants have integrated with the aforementioned payment methods.
In this regard, Coinbase stated,
“Coinbase will automatically convert all cryptocurrency to US Dollars and transfer the funds to your Coinbase Card (less conversion fees) for use in purchases and ATM withdrawals.”