Apple Launches Tap to Pay on iPhone in South Africa
- Enhanced Payment Convenience: Apple's introduction of Tap to Pay in South Africa allows merchants to accept contactless payments directly on their iPhones, simplifying the payment process and reducing reliance on additional hardware, which is expected to attract more small businesses to digital payments.
- Strategic Partnerships: The launch of this feature in collaboration with local payment platforms Yoco and iStore Pay marks the first implementation of hardware-free payments in South Africa, enhancing Apple's competitive position in the local market.
- Security Assurance: All transactions are encrypted and processed using the iPhone's Secure Element chip, ensuring the privacy and security of user payment data, which further boosts consumer trust in digital payments.
- Market Expansion: South Africa joins the growing list of markets where Apple has made Tap to Pay available, which is expected to encourage more merchants to adopt digital payments, particularly in tight-margin environments, thereby lowering the barriers for payment acceptance.
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Technical Analysis for SCR
Technical Sentiment Analysis for Scroll (SCR). As of , Scroll (SCR) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 3 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SCR stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, SCR is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Scroll (SCR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0394 | 0.0435 | 0.0477 | 0.0518 | 0.0559 | 0.06 | 0.0642 |
| Fibonacci | 0.0435 | 0.0467 | 0.0486 | 0.0518 | 0.0549 | 0.0569 | 0.06 |
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