TechFlow news: Circle CEO Jeremy Allaire provided a detailed explanation on the impact of iPhone NFC opening on USDC payments. Allaire emphasized that this is not related to Apple Pay, but rather Apple opening its NFC chip to third-party developers. This means Web3 wallets and cryptocurrency wallets will be able to use NFC for transactions.
iOS wallets supporting USDC could enable a "tap-to-pay" user experience by receiving transaction details through tapping. Point-of-sale (POS) terminals could inform the iPhone of the blockchain address or payment amount for USDC, and the iPhone wallet app could prompt the user to confirm the payment and initiate the transaction on the blockchain. Combined with high-performance, low-cost blockchain networks, this will open new pathways for merchants to directly accept USDC payments.
Allaire recommended wallet developers adopt the latest Apple iOS SDK to prepare for USDC "tap-to-pay," while POS hardware and software companies should prepare firmware updates to support NFC commands and collaborate with payment processors to ensure native USDC settlement. This change will not only benefit USDC but also apply to areas such as NFT ticketing, other credentials, and stablecoins.
