), has added support for Apple Pay — with the intention of bringing the crypto and traditional payment systems closer together.it may boost sales for crypto-native businesses as they can facilitate traditional payments from non-crypto-using customers while enabling customers to “buy crypto with Apple Pay on their preferred exchange.”
According to Circle, the addition of Apple Pay support will benefit traditional businesses by allowing them “to shift more retail payments to digital currency.” Apple Pay is available to “eligible businesses” and claims to enable it is “a simple process.” Meanwhile, customers who checkout with Apple Pay at participating firms will finalize the transaction, as usual, using Apple’s Face ID or Touch ID.
Apple has over 1.8 billion active devices worldwide Apple’s CEO Tim Cook claimed in a Q1 2022 earnings call. Apple Pay is one of the most used digital wallets in the United States behind PayPal,
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