Welcome to the Future of Payments

With Apple’s recent announcement about the Tap to Pay feature for iPhones, the company has not only modernized the way we think about transactions but also thrown cryptocurrency into the spotlight. No longer do you need to carry cash or wrestle with card readers; just whip out your iPhone and voilà!

What is Tap to Pay?

So, what’s the deal with Tap to Pay? Using near-field communication (NFC), Apple is transforming your iPhone into a point-of-sale device that can handle contactless payments. Imagine, merchants everywhere taking payments without the clunky hardware! Going out for coffee? Just tap and go—your phone does the work while you bask in your caffeine-induced glow.

Crypto’s Stellar New Playground

Now, here’s where it gets really interesting for crypto enthusiasts. The Tap to Pay feature is not just limited to traditional payment methods; it opens the gates for crypto spenders too! With the support for not only Apple Pay but also contactless credit cards and various digital wallets, your Coinbase Card or Crypto.com Visa Card can step into the limelight at participating stores.

• Using Coinbase’s capabilities, you can automatically convert your crypto into USD to make a purchase.
• Crypto.com Visa Card holders can tap into the cryptocurrency drama as they whip out their cards fearlessly.

Big Players Step Up

Let’s not overlook Apple’s strategic partnerships. While Stripe is the first to offer Tap to Pay, we can expect more payment platforms to join the party. In fact, back in August 2021, Coinbase integrated Apple Pay to allow users to easily snap up cryptocurrencies. It’s a match made in digital heaven!

Do You See Crypto in Our Future?

Now before you brace yourself to pay for that new iPhone with Bitcoin, hold on! Apple hasn’t committed to direct crypto payments for its products just yet. CEO Tim Cook has advised caution but sees cryptocurrencies as a component of a balanced financial portfolio. For now, prepare to turn your crypto into cash on the fly while enjoying a new local donut shop’s offerings—all thanks to Tap to Pay!

Beyond Apple: The Cash App Factor

Just when you thought Apple had the monopoly, here comes Cash App waving its Bitcoin lightning bolt. With a new update that allows quicker Bitcoin transactions, it seems everyone is getting in on this payment revolution. Is Bitcoin your ticket to churros and margaritas? More like a fast track!