Upcoming Apple iPhone Feature Will Give Merchants the Ability to Accept Crypto Payments

Apple has announced plans to launch Tap to Pay for iPhone, a new feature that will turn the smartphone into a POS terminal for businesses and merchants. The announcement explains that with Tap to Pay, merchants with an iPhone will be able to accept contactless payments using mobile devices as a POS terminal thanks to NFC technology.

According to Apple, the soon-to-be-launched Tap to Pay feature will expand support for Apple Pay, contactless credit and debit cards, and other digital wallets. This means that, unless Apple creates a direct barrier, customers using a Coinbase Card, Crypto.com Visa Card, or similar payment card will be able to use their crypto holdings to make payments through Tap to Pay.

Apple announced Stripe, an Irish-American fintech, as the first platform to offer Tap to Pay on iPhone. The company explained that additional payment platforms and applications will come later this year. Given Coinbase's ability to convert a user's crypto assets to fiat in real time for payments, Apple Pay users will be able to use the iPhone Tap to Pay feature to make crypto payments at major merchants and businesses.

Image: Mobiltelefon