USDC issuer Circle has announced that crypto payments using the stablecoin are now enabled on Apple Pay.
Select businesses will be able to accept USDC in a safer and faster manner using Apple Pay.
This move will ensure inclusiveness for crypto-native businesses and customers who don’t use crypto
Circle had previously enabled support for Polygon USDC on its payments platform.
USD Coin issuer Circle has announced that Apple has enabled crypto payments using the stablecoin on their payment platform. Merchants who accept USDC will now be able to do so using Apple Pay.
“Apple Pay is also a safer and faster way to pay using the Safari browser and in apps because customers will no longer have to create an account or fill out lengthy forms,” said Abhishek Sandhir, Director of product at Circle.
Circle brings Crypto and TradFi users closer
This joint venture by Circle and Apple will benefit crypto-native businesses who until now only dealt in digital assets, by helping them leverage Apple Pay’s payment platform. This in turn will serve as a gateway for fiat users to explore payments using cryptocurrencies.
“NFT marketplaces, crypto gaming, crypto exchanges, crypto wallets, and cross-border remittance providers can help their business grow by making checkout easy with Apple Pay and 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.” the stablecoin issuer stated on its official website.
According to the stablecoin issuer, setting up this new feature is a short and simple process. Merchants that qualify will be able to open a free Circle account in addition to an Apple developer account.
The USDC issuer has taken similar initiatives in the past to expand the payment options for their users. Earlier this year in June, the company extended its support for Polygon USDC on its payments and treasury platform. At Converge22 held in September 2022, the firm revealed that it plans to launch USDC on five additional chains by the end of Q1 2023.