Apple’s NFC Update Enables USDC Payments on iPhones, Boosts Crypto Adoption
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Aug 15 2024Apple's NFC Chip Update: Apple has opened its NFC chip to third-party developers, enabling USDC payments on iPhones and enhancing the integration of blockchain technology with traditional payment systems. This move is expected to boost crypto adoption and expand use cases beyond stablecoins to include NFTs and other digital assets.
Implications for the Crypto Market: The update coincides with increasing institutional acceptance of cryptocurrencies, which may positively impact the altcoin market. Apple's decision marks a significant milestone in the evolution of crypto payments and could lead to broader adoption in retail and service industries.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
