Apple has revealed plans to introduce Tap to Pay on the iPhone, a new feature that basically transforms the smartphone into a point-of-sale device for companies and merchants.
According to the announcement, owing to near-field communication technology, or NFC, iPhone-owning shops may accept contactless payments by using their mobile devices as a point-of-sale system.
“Apple Pay, contactless credit and debit cards, and other digital wallets” will be supported by Apple’s future Tap to Pay feature, according to Apple. Customers with a Coinbase Card, Crypto.com Visa Card, or a similar payment card will be able to use their bitcoin holdings to make payments via Tap to Pay unless Apple puts a direct impediment in their way. Apple Pay users will be able to use the iPhone’s Tap to Pay feature to make bitcoin payments to ordinary merchants and companies.
While Apple Pay is unlikely to allow direct purchases of goods and services using Bitcoin (BTC), it will convert the user’s crypto holdings to the dollar amount needed by the merchant’s point-of-sale equipment in order to complete the transaction.
Are you an iPhone user? Will you be moving to iOS after this feature, or will wait for Android to come up with this feature?
