Crypto: Circle's Euro Coin (EUROC) soon on Solana (SOL)

Yesterday at the end of the day, the crypto industry received good news. After more than a week of fear and doubt following the insolvency of FTX, it was finally time to move on. It was Circle that announced an association with Apple PAY. This collaboration is much more aimed at investors who accept the USDC stablecoin. The first advantage for this payment solution is the reduction of possible friction between traditional payment methods and crypto settlements.

Circle partners with Apple Pay

Circle hits hard and integrates Apple Pay services

The crypto market has still not returned to its best level. The ecosystem is not yet in good shape to facilitate the mass crypto democratization. However, some crypto platforms are showing the way. Indeed, Circle is part of this momentum and reassures critics of cryptos with its recent association with great fanfare with Apple Pay. The company has unveiled a set of projects on its ecosystem which now integrates the payment solutions promoted by Apple Pay.

Remember that Circle is known for the providing payment solutions to merchants to facilitate their business. With this new method of payment, the idea would be to allow them to receive their funds in USDC the same way they would have received it in fiat money. As you will have understood, this new partnership aims to reduce, or better, break down the barriers that continue to exist between crypto and fiat money payments. Circle has found that this is one of the reasons many merchants today are hesitant to embrace cryptocurrencies.

Merchants will no longer need to master the ecosystem to adapt to a new world. There won’t be much difference from what they would have been used to.

It should also be noted that the payment services of the Circle platform are based on the API connections to work. In this way, users can receive funds in the virtual currency they prefer. In addition to that, they can also transfer them directly into their bank accounts, or failing that, simply keep them.

Circle does not intend to limit itself to USDC. It also wants to expand its payment services to ETH and BTC in the future.

Conclusion

Circle wants to end the barriers between fiat and cryptocurrency payments. With this new partnership, the company finally has an argument that could convince traders. They will be able to massively enter the ecosystem, a bit like Binance already does. Now let’s wait to see how traders will welcome this association, which bodes well for the future for the crypto market.

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