Circle, the company behind the USDC stablecoin, recently announced support for Apple Pay. This move aims to bridge the gap between cryptocurrencies and traditional payment methods.
This could increase sales for businesses that only accept traditional payments by allowing customers to buy cryptocurrency with Apple Pay on their preferred exchange, making payments faster, easier, and more secure. Eligible businesses that use Circle can now boost their sales by accepting Apple Pay.
Help boost online sales with #ApplePay! Eligible #crypto businesses can now offer another safe and secure way to pay. Read our blog to explore how we’re building the future of commerce. https://t.co/uO0Be7OYez
— Circle (@circle) November 15, 2022
According to Circle:
“Traditional businesses can also take advantage of this enhancement to shift more retail payments to digital currency and experience the benefits of USDC settlement.”
“In fact, Apple Pay and Circle’s Payments solution make it possible for crypto-native businesses to accept payments from customers who don’t use crypto at all”
Both cryptocurrency enthusiasts and traditional businesses can benefit from this development.
Circle claims that using Apple Pay in the Safari browser and apps is “a safer and faster way to pay” because customers will no longer have to create an account or fill out lengthy forms.
Payments can be made through Apple’s Safari browser or in apps using an iPhone, Apple Watch, iPad, or other supported device with Circle’s Apple Pay support.
When using Apple Pay at the checkout, users will use Face ID or Touch ID to complete the transaction.
This new phase has the potential to benefit crypto-native businesses by allowing them to support connections with clients who pay with traditional payment methods and even buy crypto with Apple Pay on their preferred exchange.
The new ease of making payments with Apple Pay and Circle will benefit NFT marketplaces, cryptocurrency gaming, crypto exchanges, wallets, and cross-border remittance service providers.
In addition, Circle revealed new merchant services at Converge22 that would allow businesses to accept payments in cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), as well as additional features to improve payment options and reduce checkout friction.
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