Circle Launches New Platform to Simplify USDC Payments for Businesses

• Circle has introduced a new platform, AcceptUSD.com, to simplify USDC payments for businesses.
• A new tap-to-pay feature for USDC using NFC technology will soon be available for iPhone users.

Circle, a leading issuer of stablecoins, has announced the launch of AcceptUSD.com, a new platform developed to simplify cryptocurrency payments for businesses. The service aims to facilitate seamless integration of USD Coin (USDC) transactions, enabling merchants to accept stablecoin payments with ease. 

According to the website, by partnering with Coinbase, Circle ensures that the platform benefits from Coinbase’s infrastructure and security measures. The platform will help to safely store USDC in digital wallets that support Ethereum and Base networks, such as Coinbase Wallet.

Further, AcceptUSD.com is optimized to help businesses integrate cryptocurrency payments without the complexities that are traditionally associated with digital currencies. By using USD Coin, a popular stablecoin pegged to the US dollar, Circle offers a reliable payment solution that mitigates the volatility often seen with other cryptocurrencies.

Earlier in July, Circle became the first global stablecoin issuer to be licensed and approved under Europe’s Markets in Crypto Assets (MiCA) regulations.

Circle Unveils Tap-to-Pay Feature for USDC with Apple Integration

On August 15, Circle CEO Jeremy Allaire confirmed that a tap-to-pay feature for USDC will soon be available for Apple iPhone users. This follows Apple’s decision to allow third-party applications to use its iPhone NFC payment capabilities, setting the stage for more integrated digital payment options.

According to Allaire, iOS wallets that support USDC could simplify payments. Devices would be able to share transaction details with a simple tap. For example, a point-of-sale (PoS) system could send the iPhone’s blockchain address or payment amount. The user would then confirm the payment with FaceID or another method. The app would complete the payment using blockchain technology.

Allaire also mentioned that this feature could enable direct USDC payments to merchants. It could also support transactions with other digital assets, such as NFTs or stablecoins like EURC.

Finally, the launch of AcceptUSD.com is expected to support a wider range of industries. It aims to make it easier for businesses to adopt cryptocurrency payments and engage with the growing crypto economy.

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