Key Highlights:
- The stablecoin’s issuer, Circle, has announced that Apple Pay now accepts crypto payments made using USDC.
- Using Apple Pay, certain companies will be able to take USDC more quickly and safely.
- This action will ensure inclusivity for clients who don’t utilize crypto and crypto-native firms.
- On its payment platform, Circle has already made Polygon USDC functionality available.
To bridge the gap between the crypto and conventional payment methods, Circle, the creator of the USD Coin stablecoin linked to the US dollar, has introduced support for Apple Pay.
The announcement was made by Circle in a blog post published on November 15 that suggested it might increase sales for businesses that specialize in cryptos because they can accept traditional payments from clients who don’t use cryptocurrency while also allowing clients to “buy crypto with Apple Pay on their preferred exchange.”
According to Circle, the inclusion of Apple Pay compatibility would help conventional businesses by enabling them to “shift more retail payments to digital currency.”
“NFT marketplaces, crypto gaming, crypto exchanges, crypto wallets and cross-border remittance providers can help their business grow by making checkout easy with Apple Pay and Circle,” the company said.
The inclusion will benefit firms that operate exclusively in the crypto space by making it simpler to accept payments without rejecting clients who don’t utilize cryptocurrency. Additionally, Circle said that “traditional businesses can also take advantage of this enhancement to shift more retail payments to digital currency.”
Similar steps have been taken in the past by the USDC issuer to increase its users’ payment alternatives. For example, in June, the business expanded its support for Polygon USDC on its payments and treasury platform earlier this year.
