Apple has announced plans to launch its new Tap to Pay feature for its iPhone. In addition to making it easier for merchants to pay, Apple Pay users will technically be able to use this feature to make payments in cryptocurrencies.
On its website, Apple announced its intention to launch the “Tap to Pay” functionality on the iPhone. The aim is to allow merchants to receive contactless payments using their mobile devices as a point of sale.
“Working with payment platforms, app developers and payment networks, we’re making it easier than ever for businesses of all sizes – from entrepreneurs to large retailers – to seamlessly accept contactless payments and continue to grow their business,” said Jennifer Bailey, Apple’s vice president for Apple Pay and Apple Wallet.”
While this feature should make it easier for merchants to pay, the question arises for cryptocurrencies.
According to the American brand, the Tap to Pay function will be extended to several media
“Tap to Pay on iPhone will work with contactless credit and debit cards from major payment networks including American Express, Discover, Mastercard, and Visa as well as other digital wallets.”
So, unless Apple decides otherwise, this means for example that Coinbase card users will be able to use their cryptocurrencies to make payments via this new feature.
Since the platform allows users to convert their cryptocurrencies into fiat currency in real-time for payments, Apple Pay users could theoretically use the Tap to Pay feature.