Apple has announced an update in iOS 18.1 that will allow third-party developers to access the iPhone’s NFC (Near Field Communication) chip, which could pave the way for Bitcoin payments on iPhones. This move is seen as a major shift in Apple’s previously closed ecosystem, where only Apple Pay could utilize the NFC chip for contactless payments. Now, with expanded access, developers can create apps that facilitate Bitcoin transactions directly from an iPhone, bypassing the need for traditional payment systems.

The expansion of NFC functionality is not limited to Bitcoin payments alone. It also supports digital keys, transit passes, and corporate badges, but the potential impact on the cryptocurrency world is especially noteworthy. Financial institutions and fintech companies are already recognizing the possibilities.

Apple’s focus on security remains strong with this update. The new NFC features will continue to use the Secure Element, a certified chip that ensures safe data storage, and other proprietary technologies such as biometric authentication. This is particularly important for Bitcoin transactions, as security and privacy are paramount for cryptocurrency users​.

With iOS 18.1, users will also have the option to set third-party apps as their default contactless payment method, making Bitcoin transactions as simple as double-clicking the side button on their iPhones. The integration of Bitcoin payments into Apple’s ecosystem could significantly accelerate the adoption of cryptocurrency in everyday transactions​.

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