The stablecoin issuer added Apple Pay support outlining benefits for both crypto and traditional businesses
Circle’s Apple Pay support will have benefits for both crypto and traditional businesses. Source: pexels
Circle, the issuer of the USD-pegged stablecoin USDC has added support for Apple Pay to enable traditional businesses experience the benefits of crypto settlement while allowing crypto businesses to engage with fiat-using customers.
The company explained that customers could now buy crypto with Apple Pay on their preferred exchange. Meanwhile, more retail payments would shift from traditional payment means to digital currency.?
At the moment, Apple Pay is available to “eligible businesses” only. Customers who checkout with Apple Pay at participating firms will authorise the transaction with Apple’s Face ID or Touch ID.
Businesses that wish to enable Apple Pay should open a free Circle Account and create an Apple developer account. It paves the way for Circle’s Payments solution via easy API integration. As soon as all setups are done, the companies can begin testing Apple Pay and other payment methods in Circle’s sandbox.
The stablecoin issuer has also announced its plans to introduce additional merchant services. These include accepting payments in cryptocurrencies like Ethereum (ETH) and Bitcoin (BTC), reducing checkout friction and improving the payments experience.
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Nina Bobro
Nina is passionate about financial technologies and environmental issues, reporting on the industry news and the most exciting projects that build their offerings around the intersection of fintech and sustainability.
