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Upcoming Apple iPhone feature to give merchants a way to accept crypto payments

Published 02/09/2022, 05:12 AM
Updated 02/09/2022, 07:00 AM
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Apple (NASDAQ:AAPL) announced plans to launch Tap to Pay for its iPhone, a new feature that effectively turns the smartphone into a point-of-sale device for businesses and merchants. So, what’s in it for crypto?

The announcement explains that with Tap to Pay, iPhone-owning merchants receive contactless payments by using their mobile devices as a point-of-sale machine thanks to the near-field communication technology, or NFC.

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