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    Home » Crypto News » Circle Integrates Apple Pay for Existing Merchants

    Circle Integrates Apple Pay for Existing Merchants

    Author: Andrew Throuvalas

    Last Updated Nov 15, 2022 @ 22:43

    Merchants partnered with Circle will be able to accept payment and allow customers to purchase crypto through Apple Pay. 

    Circle – the issuer behind USDC – has announced that merchants supported by the company will now be able to accept Apple Pay. 

    The integration will allow customers to check out from apps and the Safari browser without a need to “fill out lengthy forms.”

    • Per Circle’s announcement on Tuesday, Apple Pay support will let crypto-native businesses provide better assistance to customers wishing to use more traditional payment methods. 
    • The integration will also let customers buy crypto directly through Apple Pay. 
    • “Traditional businesses can also take advantage of this enhancement to shift more retail payments to digital currency and experience the benefits of USDC settlement,” stated Circle.
    • Circle’s USDC is fully backed by cash and U.S. treasuries, according to it latest attestation report on the state of its reserves. This allows its stablecoin’s price to reliably track the value of $1 at all times. 
    • Stablecoins like USDC have grown popular as a means of transmitting value across the world using crypto rails, without the need for intermediaries or erroneous remittance fees. 
    • Businesses can enable Apple Pay with Circle by creating a Circle Account and Apple developer account.
    • Circle said it will introduce more payment methods in the future that help reduce payment friction at checkout. 
    • Alongside Tether, Circle clarified last Wednesday that it held no exposure to the bankrupt crypto exchange FTX. 
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    Tags: Circle
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    About The Author

    Andrew Throuvalas
    More posts by this author

    Andrew is a content writer with a passion for Bitcoin. He became familiar with Bitcoin back in 2013, but began diligently studying the blockchain technology and its economic implications in 2017. Ever since, he’s believed in the network’s power to replace the current global monetary system, and provide financial freedom to billions worldwide.
    Contact: Medium | LinkedIn | Twitter

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