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Crafting Innovative Solutions // Tokenization // Test Automation // Web3 Advisory // AI Operations
Apple's decision to open its NFC chip to third-party apps is a significant step that allows crypto wallets to utilize NFC technology, previously limited to Apple Wallet and Apple Pay. Circle CEO, Jeremy Allaire, announced the upcoming USDC tap-to-pay functionality. USDC, a leading dollar-backed stablecoin, is set to become a mainstream payment option on iPhones. The update extends beyond USDC to other stablecoins, NFTs, and various blockchain applications, offering a massive opportunity for everyone building in this space. Insomnia Labs has been working with enterprise companies to help them adapt these use cases for their users. For example, users can make payments by tapping their iPhone at a point-of-sale terminal, confirming with Digital ID, and settling the transaction on-chain. This can revolutionize global financial transactions, potentially transforming how we interact with digital assets in daily life. #stablecoin #crypto #loyalty
